Finance Amount
500,000 and above
Corporate Cheque Discounting
500
K+Finance amount ()
Tenor
As per the discounted cheque
Dedicated
Relationship Manager
Structured
Around your business
Product Details
Key terms at a glance.
Indicative parameters — your RM will confirm the exact structure based on your business profile and facility size.
Tenor
As per the discounted cheque
Rate
Competitive — structured at application
Repayment
Discounted cheque's date
Security
Subject to credit assessment and facility size
Drawdown
Revolving/Non Revolving
Terms and Conditions apply in accordance to Central Bank of Oman regulations
Application Checklist
Ready to Apply?
Your Relationship Manager will guide you through the full checklist based on your facility size and business structure. These are the core documents to have ready.
Commercial Registration (CR) & Memorandum of Association
CorporateValid CR and MoA reflecting current ownership and business activity. For group structures, individual CRs for all entities in the application.
Authorised Signatories & Board Resolution
GovernanceIDs of all directors and authorised signatories, plus a board resolution authorising the application. Original and attested copies required.
Audited Financial Statements
FinancialsLast 3 years of audited accounts, signed by a licensed Omani auditor. Includes balance sheet, P&L and cash flow statements. Consolidated accounts for group entities.
Business Bank Statements
BankingLast 12 months of business account statements from all operating banks. Demonstrates trading volume, receivables cycle, and existing debt obligations.
Business Plan or Project Brief
ProjectFor expansion or project-linked facilities — a summary of the intended use, projected revenue impact, and repayment source. Your RM will help you prepare this if needed.
Your Relationship Manager will confirm the full checklist at your first meeting. Additional documents may be required based on facility size and structure.
The process
4 simple stepsto your Cheque Discounting
Corporate facilities are assessed and structured with your RM — not processed online. Here is what to expect from first contact to drawdown.
Initial Enquiry
Call, WhatsApp or submit a callback request. Your RM responds within one business day.
RM Consultation
Your RM discusses your business needs, facility structure and the documents required for your specific case.
Submit & Assess
Submit your documents. Credit assessment is typically completed within 48 hours of a complete submission.
Approval & Drawdown
On approval, facility documents are signed and funds disbursed directly to your business account per the agreed schedule.
Subject to UFC's credit approval process and Central Bank of Oman regulations. Additional checks and conditions may apply.
FAQ
Frequently asked questions
A cheque is acceptable for discounting when it is backed by a genuine, documented trade transaction and the drawer can be relied on to honour it. UFC reviews the standing of the drawer and their payment track record, the validity of the instrument itself — dates, amounts and signatures all in order and within the cheque's validity period — the invoices or contracts underlying it, and the time remaining to the due date. Cheques are accepted case by case and in line with UFC's applicable credit policies and guidelines.
REGULATED & COMPLIANT
