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Bank Saderat Iran, Sepehr Tower, Somayeh Street, P.O. Box 15745 - 631, Tehran, Iran
009821 - 8829469
Info2624@bsi.co

Overdraft Business

At BSI-UAE, we pride ourselves on offering a wide range of financial solutions tailored for small businesses, and corporate.

Features and Benefits
  • Provides a cash reserve for unexpected expenses or delays in customer payments.
  • A line of credit is available throughout the agreed overdraft term.
  • Interest is charged only on the utilized amount, with repayment flexibility.
  • Minimal documentation ensures quick processing.
  • Available through multiple channels, including ATMs, cheques, and branches.
Eligibility Criteria
  • All registered business entities in trading, manufacturing, professional, or service sectors.
  • Applicant(s) to have banking relationship with BSI-UAE.
  • Valid UAE trade License.
  • Evidence source of income.
Pricing (Fees and Charges)
  • Among the lowest overdraft arrangement fees and interest rates in the UAE.
  • Fees and Charges, please refer to Corporate Schedule of Charges
  • Interest rates subject to AECB and approval
Required Documents
  • Business overdraft Application Form
  • Valid passport, residence visa and Emirates ID of partners/shareholders and signatory (signing authority)
  • Iranian National Card/ Shanasnameh in case of Iranian National as partner valid trade License.
  • Trade License
  • Certificate of Commercial Registration
  • Free Zone Certificate of Incorporation
  • Memorandum of Association
  • Partnership Agreement
  • Power of Attorney or Board Resolution (if applicable).
  • Proof of Address.
  • Ultimate Beneficial Owner Details.
  • Bank Reference Letter and Company Profile (if applicable).
  • Audited Financial Statements.
  • Additional Documents, Terms & condition may apply.

Note: Final approval of your loan facility is subject to BSI-UAE credit policies, Complete Documentations and satisfactory AECB report. Terms and conditions shall apply.

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