Project financing loans
Profitable Project financing loans annual interest rate 3.5% duration 5-10 years
On behalf of the lender Board of Directors/Loan Awarding Committee (LAC), We confirm the fact that our lender is readiness to provide the total project funds needed for the client’s project based on a loan term with a clear interest rate of 3.5% ROI per annum for 5-10 years renewable tenure after a grace period of 12 months.
Once a deal is completed with a company or Entrepreneur which you introduced to the lender and we disburse their approved project funds, we will provide you with our official agent/consultant certificate and an official identity card which you will use in your country and everywhere around the globe, and after then, we will calculate 1% interest rate which you are to receive from the 3.5% ROI payable to the lender, this 1% will be paid to you annually throughout the duration of time the MOU Agreement between your client and the lender will last.
When the client is preparing the detailed summary of its project, the proposed interest rate of 3.5% ROI can be outlined in their project summary/business plan as there is no law that prohibits that.
We are interested in funding any project that can generate good ROI, so we have no restrictions on sectors so far as the project can generate good ROI.
The client will need to undergo the Financial License and Non-Indigenous Company Clearance Mandate process only when the project has been approved and the Lender’s NCND/MOU Agreement signed by both parties.
Once the client project is approved, the lender will furnish him the contact details of our agent in Emirates RAK FTZ who handles our client legal documentation. He will be in position to indicate the process and the exact cost for the license/certificate then help the clients to complete the process without any delay as the lender disburse his client’s loan 10 working days upon the confirmation of the license/certificate.
Our standard mode of operation:
Once the client’s project is approved for funding, the lender will furnish to the client the NCND/MOU for their endorsement. In the NCND/MOU they will be required to obtain the Financial License and Non-Indigenous Company Clearance Mandate for their company through the Emirates RAK Free Trade Zone (FTZ) from the Economic Department of Finance and Development and the Ministry of Finance.
Legalization & Regularization of the contract NCND/MOU/Loan Agreement to The UAE Federal Supreme High Court.
The last step when the Lender’s Official Disbursement Approval is received will be to pay around 0.3% to 0.5% of the loan amount to have a long-term Insurance Management Surety Bond, issued by the Emirates Insurance Authority (E.I.A) for the total project funds loan amount. This is a UAE Government Insurance company.
The insurance cost will be reimbursed with the total project funds amount the same day of the loan amount disbursement.
Once all these documents are obtained, we will furnish the client, the Official lender’s Project fund Disbursement Approval, Official Invitation Letter and Meeting Schedule for their disbursement ceremony. In that meeting all the final fund release papers will be duly signed by their company signatory and after the meeting they will be taken to lender’s Financial Institution to witness the disbursement of their total project fund. The fund will be wire transferred to any designated bank account.
We requested that the clients obtain the Financial License and Non-Indigenous Company Clearance Mandate so that their company will be cleared as a Non-Indigenous-company therefore giving their company a strong identity and the eligibility to partner with the lender as lender’s fund are primarily meant for companies with corporate identity and proven financial record in UAE.
