Credit Bureau Consent, Welcome Offer & General Terms & Conditions

I hereby acknowledge and agree to allow Citibank to share my details with any UAE credit bureau and make enquiries about me with any UAE credit bureau at its sole and absolute discretion. I agree to the Terms and Conditions listed below. Citibank Terms and Conditions apply, are subject to change without prior notice and are available upon request. For the current Terms and Conditions, please visit our website www.citibank.ae. All offers are made available on a best-effort basis and at the sole discretion of Citibank, N.A. Citibank, N.A. makes no warranties and assumes no liability or responsibility with respect to the products and services provided by partners/other entities. By inquiring about our services, offers or products, you will be authorizing our representatives to approach you on your contact details including your telephone/mobile number for any product or service offered by Citibank. The applicant agrees to be bound by Citibank’s General Terms and Conditions available on the website www.citibank.ae. The applicant hereby represents and warrants that the information provided herein is true, accurate, and complete and that he/she agrees to remain responsible for and to indemnify Citibank, N.A. from and against any losses, claims and/or liabilities incurred by Citibank NA as a result of having relied on such information. Citibank, N.A. is not required to verify the information provided by the applicant and neither is the bank obliged to provide the applicant with any loans or credit facilities based on the provided information. The products and services mentioned on this website are not offered to individuals resident in the European Union, European Economic Area, Switzerland, Guernsey, Jersey, Monaco, San Marino, Vatican, The Isle of Man or the UK. This page is not, and should not be construed as, an offer, invitation or solicitation to buy or sell any of the products and services mentioned herein to such individuals.

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RAKBANK RAKbusiness Loan

RAKBANK Bank

RAKbusiness Loan

Reducing Rate

21%

Max Finance Amount

AED 3000K

reducing rate

21%

Reducing Rate

maximum finance

AED 3000K

Max Finance Amount

 

Features

  • Length of Business should be 1 year
  • 12 months turnover required greater than or equal to AED 600K
  • Collateral free loan
  • Express service available
  • Reducing rate is 21% to 25%
  • Maximum loan amount provided is AED 3 Million

Required Documents

  • Valid Trade Licence
  • MOA/AOA
  • Tenancy Contract and Ejari office & Warehouse
  • Labour list
  • One year bank statement
  • WPS recent 3 months
  • Passport copies of signatories and shareholders
  • Valid Emirates ID

Benefits

  • Collateral Free
  • High loan amounts of up to AED 3 million
  • Flexible repayment periods of up to 60 months
  • Minimum documentation
  • Provides Net banking, phone banking and mobile banking services

Rakbank

Established in 1976, RAKBANK or the National Bank of Ras Al Khaimah (P.J.S.C), is one of the oldest banks in the UAE. As a member of the UAE Banking Federation (UBF), RAKBANK follows the Custom Charter as stipulated by the UBF and tries to encourage best practices in the financial services industry. It works with a vision to provide ‘simply better’ financial solutions to its customers in and around the UAE’ and a Mission to be the leading bank in the UAE by offering best products.

   Get in touch with RAKBANK Customer Care