Barclays Business Loan

Bring your business to life with a loan from Barclay

Barclays Business Loan

Key facts

Whether you are looking to invest and grow your business or require working capital, we can help. A Barclays Business Loan offers you the opportunity and the flexibility to meet all your business needs with comfort and ease.

  • Business loans of up to AED 400,000

  • Competitive interest rates

  • Quick and simple application process

  • Instant approval (subject to T&C)

  • Repayment in 48 months through easy and affordable instalments

  • Flexibility to disburse the funds in your business account at Barclays or any other UAE bank account of your choice

  • Option to top up your Business Loan 

  • Expert business advisor at every step of the way
     


Apply now


Call - +971 (0) 4 428 6000

SMS - LOAN to 3652

Visit us - Barclays Bank Branches


 View - Account Terms and Conditions (1.29 MB)

 

What you need

Applying is easy, simply call Barclays and arrange a meeting with our Business Financial Advisor at a location of your choice.

Documents required include(1):

  • Completed Application Form

  • Copy of passport

  • Valid residence visa

  • Evidence of authority to borrow (MOA / POA)

  • 3 years audited financials (if applicable)

  • Recent original bank statement (6-12 months)

  • Copy of the trade license and partnership agreement (for business owners)

  • Four undated security cheques from the applicant’s personal account

  • Post-dated repayment cheques from the company account or standing instruction from Barclays current account



(1) Documents required depend on individual circumstances additional documentation might be requested but the bank as deemed necessary. If the enterprise involves association of two or more stakeholders/partners, we will need documents from both or all the principle stakeholders/partners

Fees and Charges

Fees and Charges

We try to keep our fees to a minimum and regularly benchmark our fees with those of our competitors to ensure you get a competitive Loan offer.

Minimum Rate of Interest 23.49%
Maximum rate of Interest 24.50%
Processing Fee 1.5% of the loan amount
Minimum Processing Fee AED 750
 Insurance charges  0.5% P.A.
 Instalment Postponment Fees  AED 100
 Late Payment Fees  2% on overdue amount with minimum AED 50.00 and maximum AED 200.00
 Liability certificate  AED 100
 Loan Cancellation Fees  AED 100


Prepayment Fees (Full / Partial - charged on the outstanding amount)


Through own sources 2.50%
Through another banks facility 5.00%
Through a top-up loan 1%
Through consolidation (another Barclays facility) 2.00%