Rakbank Business Loans in UAE
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Features of Rakbank Business Loan
- Maximum loan amount - AED 25 Million
- Collateral free loans
- Competitive rates of interest
- Length of business should be minimum 1 year
Rakbank Business Loan Interest rates
4 Rakbank Bank Business Loans
Real Estate Finance
Features
- Length of Business should be 1year
- 6 months turnover required more than or equal to 2 Million
- Avail higher loan amounts with Equity release, Refinance and Take-over options
Features
- Length of Business should be 1year
- 6 months turnover required more than or equal to 2 Million
- Avail higher loan amounts with Equity release, Refinance and Take-over options
- Avail Trade and Working Capital facility on your property
- Reducing rate is 7% to 9%
- Provides maximum finance amount of up to AED 25 Million
Benefits
- Avail higher loan amounts with Equity release, Refinance and Take-over options
- Dedicated Relationship Manager
- Provides phone banking, mobile banking and net banking
Point of Sales Finance
Features
- Length of Business should be 12 months
- 6 months turnover required greater than or equal to AED 600K
- To hold a POS terminal for a minimum of 6 months
Features
- Length of Business should be 12 months
- 6 months turnover required greater than or equal to AED 600K
- To hold a POS terminal for a minimum of 6 months
- Collateral free loan
- Low-interest rate
- Reducing rate starts from 15% - 17%
- Provides maximum finance amount of up to AED 3 Million
- Repayment period is up to 60 months
Benefits
- Collateral Free loan
- High loan amounts of up to AED 3 million
- Flexible repayment periods of up to 60 months
- Minimum documentation
RAKbusiness Loan
Features
- Length of Business should be 1 year
- 12 months turnover required greater than or equal to AED 600K
- Collateral free loan
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
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
Term and Working Capital Finance
Features
- Length of Business should be 1 year
- 6 months turnover required greater than or equal to AED 2.5 million
- Dedicated Trade Finance Relationship Manager
Features
- Length of Business should be 1 year
- 6 months turnover required greater than or equal to AED 2.5 million
- Dedicated Trade Finance Relationship Manager
- Quick and easy trade finance solutions that provide with a range of products (Purchase procurement and post sales financing) with Conventional and Islamic options that are truly in a class of their own to cater to all business requirements
- Reducing rate is 10% to 15%
- Maximum loan amount provided is AED 15 Million
Benefits
- Working capital finance solutions, including loans and overdrafts
- Trade finance products including letters of credit, trust receipts and guarantees
- Foreign Exchange solutions including spots and forwards
- Fast and hassle-free service
- Provides Net banking, Phone banking and mobile banking facility
About 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
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