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    • Churchill Tower, office A3301 Business Bay, Dubai United Arab Emirates

    Financial Products

    Tender and Bid Bonds

    This facility is provided to clients to enable them bid for supply of goods and services. The firm offers this facility to enable clients bid for supply of goods and services. The proportion of contract value to be covered is agreed upon between the applicant and the beneficiary.

    Features:

    Minimum amount: Open

    Appraisal Fee: 2% of contract value p.a

    Tenure: Depending on the contract time period

    Wholesale Loan

    This facility is offered to financial institutions that require funding for onward lending to entrepreneurs who may not access the funding directly from ICDC.

    Features:

    Minimum amount: $100,000

    Competitive interest rates

    Tenure: Up to 5 years

    Asset Finance

    This product targets corporate clients who seek to acquire, modernize and/or increase fleet of motor vehicles (non-PSV), machinery & equipment.

    Features:

    Loan amount Up to $300,000

    Competitive interest rates

    Tenure: Motor vehicle up to 5 years, Machinery, Plant & Equipment up to 8 years

    This is an approved loan limit amount available for draw down over a period of up to one year. It is designed to address unforeseen liquidity constraints.

    Features:

    Loan amount: Up to $3M

    Competitive interest rates

    Tenure: reviewed annually

    Contract Finance

    This is designed to allow businesses to access short term loans for working capital to supply goods on contract or undertake tendered projects.

    Features:

    Loan amount: Up to $1.8M

    Competitive interest rates

    Tenure: Up to 3 years