RAKBANK Business Finance

RAKBANK
Business Finance

Salary Transfer Required?
no
Minimum Monthly Salary
AED 50,0000
Fixed Rate
12%
Reducing Rate
21%
Max Loan Amount
AED 3,000,0000
Salary Transfer Required? no
Minimum Monthly Salary AED 50,0000
Fixed Rate 12%
Reducing Rate 21%
Max Loan Amount AED 3,000,0000

Top Reasons To Choose

  • Collateral Free Loan
  • Low Interest Rate
  • Express service
  • Flexible repayment periods of up to 60 months*
  • Minimum Documentation

Expand your business through Business Loans. Business Loans are offered to the small and medium sized companies to meet their short to medium term business requirements with minimal and hassle free documentation.

Documents Required

1) Valid Trade Licence 

2) MOA/AOA

3) Tenancy Contract and Ejari office & Warehouse

4) Labour list 

5) One year bank statement 

6) WPS recent 3 months

7) Passport copies of signatories  and shareholders 

8) valid Emirates ID

 

Eligibility

1) Length of Business should be 6 months 

2 ) 6 months turnover must AED 600K or higher.

Detailed Features

1) Collateral free loan

2) Express service available 

3) low interest rate ( reducing 21 to 25%)

4) Collateral Free

5)  High loan amounts of up to AED 3 million*

6 ) Flexible repayment periods of up to 60 months*

7)  Minimum documentation

Apply Now

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