POS Merchant Loans
POS Merchant Loan in UAE
In today’s digital age, where cashless transactions dominate financial exchanges, POS Merchant Loans have become an essential financial solution for businesses that rely heavily on credit card-based transactions through Point-of-Sale (POS) machines or card swipe devices.
As customers increasingly prefer using credit or debit cards for even the smallest purchases, businesses equipped with POS machines can unlock opportunities for quick financing through merchant cash advance loans.
If your business is looking for a POS-based loan solution, Better Advice Business Services can help you access tailored financial options to meet your needs.
Key Features of POS Merchant Loans
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Easy Daily Repayments: Manage repayments conveniently through daily deductions from your POS transactions.
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Flexible Loan Tenure: Choose repayment periods of up to 24 months.
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Unsecured Loans: No collateral required, making it a hassle-free option.
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Generous Loan Amounts: Access up to six times your average monthly POS transactions.
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Future Receivables Financing: Get financing against your future POS receivables.
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Low Interest Rates: Enjoy competitive rates compared to traditional business loans.
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Quick Approval: Benefit from easy and fast loan processing.
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Minimal Documentation: Simplified paperwork for a smooth application process.
Required Documents
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National ID proof and a valid passport with UAE residence visa
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Emirates ID with the signing authorities and shareholders
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Power of Attorney or Board Resolution
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Valid legal and constitutive documents (i.e., Certificate of Commercial Registration, Free Zone Certificate of Incorporation, Trade License, Memorandum of Association, Partnership Agreement)
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Assignments of POS proceeds to Commercial Bank of Dubai (Post-approval)
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Last six months of POS account bank statements
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At least 12 months of original bank statements in favour of the business entity.
Why Choose Better Advice Business Services?
We specialize in helping both UAE nationals and expatriates navigate the complexities of securing a home loan.
From assessing your financial situation to identifying the best mortgage rates, we ensure you have a smooth and hassle-free experience.
Turn your dream of homeownership into reality. Contact us today for personalized advice and start your journey toward owning your dream home in the UAE!