Business Loan Provided By Rakbank
Features of Rakbank Business Loan
- Higher loan eligibility (up to AED 3 million)
- Repayment tenures of up to 60 months
- Collateral free loans
- Competitive rates of interest
- Option to assign POS receivable of any POS service provider
- Minimum documentation
Rakbank Business Loan Interest rates
4 Rakbank Bank Business Loans
Commercial Real Estate Loan
Benefits
- Finance amount is high
- Long and flexible repayment period is provided by bank
- A dedicated relationship manager guides you throughout the process
Features
- Provides maximum finance amount of up to AED 10,000,000
Benefits
- Finance amount is high
- Long and flexible repayment period is provided by bank
- A dedicated relationship manager guides you throughout the process
- Documentation process is simple and easy
Point of Sales Finance
Benefits
- Finance amount is high
- Long and flexible repayment period is provided by bank
- A dedicated relationship manager guides you throughout the process
Features
- Provides maximum finance amount of up to AED 3,000,000
- Early settlement fee is 5% of the finance amount
- Repayment period is up to 60 months
- 1 years minimum length of business is required to qualify for this finance
- Minimum annual sales turnover of AED 300,000 is needed to apply for this finance
Benefits
- Finance amount is high
- Long and flexible repayment period is provided by bank
- A dedicated relationship manager guides you throughout the process
- Documentation process is simple and easy
RAKfinance Loan
Benefits
- Finance amount is high
- Long and flexible repayment period is provided by bank
- A dedicated relationship manager guides you throughout the process
Features
- Early settlement fee is 5% of the loan amount
- Repayment period is up to 60 months
- Minimum annual sales turnover is AED 300,000 to apply for this finance
Benefits
- Finance amount is high
- Long and flexible repayment period is provided by bank
- A dedicated relationship manager guides you throughout the process
- Documentation process is simple and easy
- Provided with titanium credit card
Working Capital Finance
Benefits
- Finance amount is high
- Long and flexible repayment period is provided by bank
- A dedicated relationship manager guides you throughout the process
Features
- The reduction rate and the flat rate is 18% and 10%. This denotes that the computation done was a division of the reduction rate by 1.823
- Provides maximum finance amount of up to AED 3,000,000
- Early settlement fee is 2% of the finance amount
- Processing fee is 2% of the loan amount
- Repayment period is up to 72 months
- 2 years minimum length of business is required to qualify for this finance
- No maximum annual sales turnover is there to apply for this finance
- Minimum annual sales turnover of AED 1,200,000 is needed to apply for this finance
- You need not have a bank account with Rakbank to apply for this finance
- After successful submission of documents, within next 7 working days the bank will approve the loan
Benefits
- Finance amount is high
- Long and flexible repayment period is provided by bank
- A dedicated relationship manager guides you throughout the process
- Documentation process is simple and easy
- Provides current account with zero balance
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.
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