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Does EIB Finance Trading activities or Real Estate projects? |
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No. Only industrial projects having license issued by the Ministry of Finance & Industry are eligible for EIB financing. |
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How does the loan approval process work? |
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Upon submitting the loan application along with pre-feasibility study and supporting documents, the information will be reviewed. Additional information / clarification will be required from the applicant, if necessary. A site visit, if appropriate, will be conducted. The project review committee headed by the General Manager will review the case, and forward it for a final decision. |
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How long does it take to process the loan application? |
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Difficult to precisely estimate the time required for processing a loan application. The processing time depends primarily on the quality of information and supporting documents submitted by the applicant. In general, EIB tries to process it with the shortest possible time . |
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Does EIB finance existing projects? |
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Yes. Existing industrial projects may approach EIB for financing expansion, modernization, relocation, working capital, etc. In addition, EIB loans may also be used to refinance any commercial debts. |
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What are the eligibility criteria for applying for EIB loan? |
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The project should have a minimum of 51% UAE / GCC ownership and it should be located in UAE. In addition, the project should have an industrial license or NOC issued by the Ministry of Finance & Industry. |
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Does EIB finance projects located outside UAE? |
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No. |
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What are the minimum / maximum loan amounts that EIB finances? |
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The Bank's loan amount for any project shall not exceed 7% of the Bank's Capital Account and reserves or 70% of the project's total cost (including three months working capital), whichever is lower. Total Loan amounts for Projects belonging to a group of companies shall not exceed 14% of the Bank's Capital Account. |
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Does EIB finance projects in Freezones? |
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Yes. Provided the project has a National Industrial License. |
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What are the loan application charges? |
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For a new project, the loan application charge is AED1000 while for an existing project, it is AED500. These charges will be collected from the client at the time of buying the application. |
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What is the repayment period for EIB loan? |
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Repayment period for a loan is decided by the cash flow position during the projected period, as determined by EIB. |
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Would EIB be interested to participate in a project |
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Depending on the project, EIB may decide. |
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Does EIB have a list of approved consultants to prepare feasibility studies? |
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No. |
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Does EIB provide market consultancy services? |
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Yes. Please contact the Economic Research Section at the Dubai Branch for additional information. |
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Does EIB require the pre-feasibility study to be prepared by a consultant? |
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Not necessarily as long as its done by a professional. |
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Does EIB provide export credit financing? |
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Yes. See Financial Services |
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Upto what extent does EIB finance a project |
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EIB have different financing scheme for working capital, please See Financial Services |
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Does EIB finance projects owned by GCC nationals? |
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Yes. |
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Does EIB provide Islamic financing (Murabaha/Estisna'a)? |
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Yes. See Financial Services |
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Does EIB provide marketing research services? |
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Yes. If you need marketing research services for a specific product / service, please contact the Economic Research Section at the Dubai Branch Office. |
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How do I subscribe to EIB |
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If you would like to receive EIB monthly newsletter, please contact the Economic Research Section at the Dubai Branch Office. |
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How long does it take to disburse a loan, once it is approved? |
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Depends on the completion of loan documentation requirements. |
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| For more Information, Please Click Here to submit your question. |
