Are you planning to borrow money to boost up your business? Why not take a loan that lets you earn money from it while you spend it! Emirates Money offers cash back of up to AED 50,000 on any loan you take from the bank. Not only this, the icing on the cake is that you will also be eligible for a complimentary business credit card. The card offers a cash back of up to AED 2000 every month for life.
Types of Loans You Avail the Cash Back Offer On
Here are the five type of Loan products offered by Emirates Money under which one can avail the cashback offer:
- Business Loans – Under this category, you can borrow up to AED 1.5 million and there is no collateral required. It has flexible repayment terms of up to 48 months. Also, the top-up facility available can help you avail more money within six months of repayment. This basically works on your repayment record.
- Merchant Loans – You can borrow money up to AED 2 million under this category. It also offers higher eligibility for merchants. You can avail the top-up facility within 3 months of repayment. Also, point of sales receipts issued by any bank can be pledged as a security.
- Vehicle and Equipment Loan – You can get a credit grant of up to AED 7 million under this category. The money grant will not exceed more than 90 percent of the vehicle or the equipment value. It can be procured for both new and used vehicles. The sum borrowed is backed by insurance funding.
- Property Power – Under this category, your residential or commercial property acts as a collateral. Both salaried individuals as well as sell-employed individuals and companies can borrow money under this category. You can borrow up to AED 7 million. The long-term repayment option of 15 years makes this a lucrative deal. Not to forget the cash back you get.
- Loan Against Gold – Gold is the glitter that has the power to finance your dreams. It offers instant liquidity. You also get free valuation of your gold. Your assets are safely stored in one of most secure vaults of the region. Gold certificates are also accepted. You can get a top-up within 3 months of repayment.
Emirates Money is offering this amazing cash back offer for limited period from September 16th to October 31st. Hurry! Do read the terms and conditions before signing on the dotted lines.