Hi I’m Oliver from Ireland. I’m earning AED 25,000 per month in Dubai, but I already have a car loan and two credit cards. How can I check whether my DBR is within the bank’s limit before applying for another loan?”
Hi Oliver,
I’d recommend calculating your DBR before submitting a new financing application for a business bank account. Start with your gross monthly income, then add your existing loan instalments and the monthly liabilities calculated against your credit-card limits.
For example, if your recognised monthly debt obligations come to AED 10,000 on a AED 25,000 income, your DBR would be 40%, which is below the usual 50% threshold for individual borrowers.
However, the bank will make the final assessment based on its own eligibility and credit-policy checks. So, if you're planning to apply for additional financing, it's better to calculate the DBR first rather than submitting multiple applications without knowing your current position.
