Frequently Asked Questions
Quick answers to questions you may have. Can't find what you're looking for? Get in touch with us.
What type of financing can Reliance Banking Services Consultancy assist with?
We assist UAE businesses with a range of banking and finance solutions, including Business Loans, Trade Finance, Import Finance, Invoice Discounting, Cheque Discounting, Loan Against Property, POS & E-Commerce Finance, Bank Guarantees, Commercial Mortgages and Business Bank Account Opening.
Does Reliance provide the finance directly?
No. Reliance Banking Services Consultancy is an independent banking and finance consultancy. We assess your requirement, identify suitable options, coordinate with banks and financial institutions, and support the application process through approval and funding.
What are the basic eligibility requirements for a Business Loan?
Eligibility varies by bank, but businesses generally need to be established in the UAE, have a satisfactory banking history and demonstrate sufficient turnover and financial performance. For many business loan programs, a minimum of 2 years in business and approximately AED 2 million annual turnover may be required.
How much business finance can I apply for?
The available amount depends on your company’s turnover, profitability, banking conduct, existing liabilities and the type of facility required. Business loans may be available for amounts of up to AED 5 million, while larger limits may be possible under Trade Finance or Property-Backed Finance.
How long does the approval process take?
Processing time depends on the bank, financing type and complexity of the application. A well-prepared case with complete documents can generally move faster, while more complex facilities may require additional assessment and approvals.
What documents are normally required?
Requirements vary by facility, but commonly requested documents include:
- Trade Licence
- Passport, Visa and Emirates ID of partners
- Company Bank Statements
- Audited Financial Statements
- Latest Management Accounts
- VAT Returns or VAT Summary
- Existing Facility Details
- Company Profile and supporting business documents
Can you guarantee approval?
No. All financing and banking approvals are subject to the respective bank or financial institution’s credit assessment, eligibility criteria, compliance requirements and internal policies.
Our role is to structure and present the application professionally and help identify the most suitable banking options.
Can you help if my bank has already declined my application?
Yes. We can review the reason for the decline, assess your financial profile and determine whether a different structure, facility type or financial institution may be more suitable.
Do you assist with companies across the UAE?
Yes. We support eligible businesses and property owners across the UAE, subject to the requirements of the relevant bank or financial institution.
Can you help with Business Bank Account Opening?
Yes. We assist with bank selection, documentation, KYC and compliance requirements, application preparation and bank coordination through the account-opening process.
What is the first step?
The first step is an initial assessment of your business and financing requirement. Once we understand your company profile, turnover, banking history and funding need, we can advise on suitable options and the next steps.