Fresh Business Loan
Fresh Business Loan
Fresh business loans are typically an unsecured loan taken by a person or institution from a bank or a non-banking financial company (NBFC) on the basis of their gross income for their business financial needs.
Description
A fresh business loan is usually granted as a first-time loan from the particular bank and is a form of an unsecured loan. Different banks follow different policies while issuing a fresh business loan.
Eligibility Criteria
Only 1 yr old companies can apply
Business transactions should be there
Maintenance of company account is mandatory
Mandatory Requirements
A valid copy of passport, Resident Visa and Emirates ID
Trade license, MOA or AOA
Tenancy Contract.
6 months bank statement of the company account.
3-5 Sales and purchase vouchers.
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JP Fintrack
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