To apply for a POS or merchant loan in the UAE, your business must meet certain basic requirements. These include;
- A valid trade licence
- Length of business at least 12 to 24 months.
- Maintaining a steady volume of credit or debit card sales.
Moreover, most of the lenders also require your business to be registered with local authorities, they may check your credit history and banking statements, and may require a minimum monthly POS sales volume ranging between AED 20,000 to AED 50,000.
