Wio Bank · SME term loan and line of credit
Wio Business Loan
Term loan inside the Wio Business app: up to AED 3 million over 6–36 months with published rates from about 9% p.a., plus a revolving line of credit up to AED 250,000. Fully digital for Wio Business customers.
Is Wio Business Loan worth it?
- founders outside the UAE: Wio Business Loan onboards fully remotely — no branch visit required.
Pricing
- Monthly fee
- AED 0
Eligibility
- Eligibility notes
- Requires an active Wio Business account; amount and pricing depend on account history and the bank's credit assessment.
- Not suitable for
- companies without a Wio Business account and operating history — the loan is offered to existing account holders based on account activity. Businesses wanting asset finance, factoring or terms beyond the published band
Business operations
- Approval time
- a few days (in-app)
- Branch visit
- Not required
How onboarding goes
- Application: Submit the request through the provider’s channel and upload documents
- Compliance review: KYC checks and document verification
- Decision: Typical timing: a few days (in-app)
- Go live: Access activated and the product is live
Documents you'll typically need
- Trade licence and Memorandum of Association
- 6–12 months of business bank statements
- Filed VAT returns and latest financial statements
- Invoices or contracts evidencing revenue (for invoice and revenue-based products)
Typical pack for this category — the provider confirms the exact list on application.
Published terms: up to AED 3,000,000 over 6/12/24/36 months, rates from about 9% p.a.; line of credit up to AED 250,000. Final approval and pricing rest with the bank. Per wio.io, Oct 2026.
Verified answers
How does the Wio Business Line of Credit work?
Credit limit up to AED 250,000, accessible any time with 90-day repayment. Interest is a competitive 12% per annum, auto-deducted daily from POS sales; you can reborrow within a new 90-day period as you repay.
Source: wio.io · verified
What does the Wio Business credit card cost?
Free for life — no hidden fees, with limits up to AED 250,000 and up to 60 days interest-free credit. Quick Cash withdrawals cost a flat AED 1.50 per AED 1,000 withdrawn per day; card spend earns 2% cashback up to AED 2,000 per month.
Source: wio.io · verified
Does Wio publish loan rates?
Wio publishes a rate range for its business loans: 9%–22% per annum on a reducing balance, determined by business profile and tenure, plus a 1% one-time processing fee, an early-repayment fee of 1.05% of the repaid amount (min AED 52.50, max AED 10,500) and an AED 199 late fee after a 5-day grace period. The Line of Credit is stated at 12% p.a. and Easy Cash at 0.15% per day (AED 1.50 per AED 1,000 borrowed per day).
Source: wio.io · verified
Does Wio offer supply chain finance?
Yes — a supply-chain-finance product lets suppliers take early payment while the buyer keeps original terms, managed on one platform with approvals, multi-currency settlements and team access.
Source: wio.io · verified
Who regulates Wio Bank?
Wio Bank PJSC is incorporated in Abu Dhabi and is licensed and regulated by the Central Bank of the UAE.
Source: wio.io · verified
Frequently asked questions
Is Wio Business Loan worth it for founders outside the UAE?
Yes — Wio Business Loan onboards fully remotely — no branch visit required.