Get a business Bank Account with 48 hours, and a business loan for up to AED 5 Million within 5 working days

EDB’s Business Banking app offers 24x7 secure, convenient, on-the-go digital banking services. The Service allows SMEs and startups to obtain a business bank account within 48 hours and apply for loans of up to AED5 million directly through its Digital Banking App and receive approval or feedback within five days

Enabling tomorrow

EDB is a key financial enabler of the UAE’s economic diversification and industrial transformation. A key pillar of our mission is to enable companies of all shapes and sizes to do business with ease in the UAE. The introduction of our business banking app ensures every business in the UAE is enabled to open a bank account quickly and efficiently and for business operating within the 5 key sectors to apply for a loan up to AED 5 Million within 5 working days.

Enabling business

We have integrated every aspect of your needs into our brand new business banking experience:

  • Free and open to all businesses across all Emirates
  • Complete an application in seconds
  • IBAN reserved within minutes
  • Account activated within 48 hours *
  • No minimum balance
Business Loans up to AED 5 Million
  • Attractive Interest rate starting from 7.49%
  • Unsecured Finance Amount of upto AED 2 Mn
  • Secured Finance Amount of upto AED 5 Mn
  • Attractive tenor of upto 60 months
  • Grace period of upto 6 months
  • Digital Application, decision in 72 hours

* Subject to all valid documentation being provided

Getting started

If you're a new user:

  • Download EDB Business Banking from the app store (available on both App Store and Google Play)

  • Launch the app

  • Once you get to the welcome screen, get started and set up your account in a few easy steps. Remember to keep your documents at hand to get through as quickly as possible

  • You're in! Enjoy EDB Business Banking

How to sign up

Verifying your business

Checking your application status

How to add & receive funds

Requirements

To open an EDB Business Banking account, you will need the following:

  • An active UAE mobile number
  • An email ID
  • Valid Emirates ID
  • Company trade license

* If applying for a loan, must be within 5 key sectors (Manufacturing, Industrial, Advanced Technology, Food Security, Healthcare)

Additional support
Call Center number
600 551 216
FAQ document (PDF)
Download PDF

Ⓒ 2022 EMIRATES DEVELOPMENT BANK. ALL RIGHTS RESERVED

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