Document background
The Flexi Finance Loan Agreement is designed for use in the United Arab Emirates when establishing a flexible financing facility between a financial institution and a borrower. This document is particularly relevant when the borrower requires a revolving credit facility with the ability to draw down funds multiple times up to an agreed limit, rather than a single fixed loan amount. The agreement must comply with UAE Federal Law No. 14 of 2018 (Central Bank Law), UAE Federal Law No. 5 of 1985 (Civil Code), and relevant Central Bank regulations. It includes comprehensive provisions for facility limits, drawdown mechanisms, interest calculations, security requirements, and repayment terms, while accommodating both conventional and potential Islamic finance structures. The document is structured to provide flexibility while maintaining robust protection for all parties involved.
