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Business loan fromAED 50K - AED 500k
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Decisions typically in72 hrs
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Borrow over3 mths – 2 yrs
Take your company to the next level with
Get funded
Quick Funding & Direct Lending for SMEs in the UAE
Take your company to the next level with
our Shariah-compliant finance that arrives in days.
Get funded
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Business loan fromAED 50K - AED 500k
-
Decisions typically in72 hrs
-
Borrow over3 mths – 2 yrs
Turn Capital
Into Your Competitive Edge
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Quick and EasyApply in minutes and get approved in 72 hours. -
Transparent PricingClear and transparent pricing without hidden fees. -
No Prepayment FeesRepay your loan early with no extra cost. -
World Class ServiceOutstanding customer service.
Quick and easy process
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Apply onlineSubmit an online application in 5 minutes.
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Get approvedAfter assessing a successful application, we will send you an offer within 72 hours.
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Receive FundsOnce you accept our offer, we will launch a fundraising campaign. You will get the funds within 24 hrs of completion.
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RepaymentsPay monthly, or settle your obligations early with no extra fees.Get funded
Take your business to the next level with finance that arrives in days. Funding Souq
provides a platform that provides businesses with quick and affordable access to
funding.
Borrower Eligibility Criteria
Business Registration
Businesses must be registered in the UAE for at least 2 years.
Minimum Revenue
The venture must have a revenue of at least AED 2 million.
Profitability Status
The business should be profitable or on the path to profitability.
Credit Scoring
All businesses will undergo extensive due diligence through the credit assessment process
Shariah Compliance
Funding Souq offers Shariah-compliant investment and financing solutions. We are dedicated to following Islamic principles and have a Sharia Supervisory Board ensuring compliance of each transaction.
Certified by Dar Al Sharia
Recently Funded
Shining Star Diesel
Diesel Trading Industry
Net Yield
13%
IRR
25.9%
Amount
AED 250k
Tenure
12 Months
Freight Move Logistics
Logistic Services
Net Yield
13%
IRR
25.9%
Amount
AED 400k
Tenure
18 Months
Frequently Asked Questions
The cost of borrowing varies depending on the internally generated risk rating and the tenure of the loan. The fee varies from a one-off of 2-5%. Funding Souq doesn’t charge any additional fees.
Yes, businesses can have more than one funding request at any point in time. However, a business must have made several successful repayments on their existing facilities prior being approved for a second facility.
Businesses undergo a due diligence process that is led by the credit team. The risk assessments analyse business and financial performance as well as qualitative facts such as the strength of the management team, industry sentiment and others. The process also includes a site visit.
Repayments can be settled early with no penalties.
Repayments can made either be processed electronically through bank transfers or post-dated cheques can be issued in line with UAE banking practices.