RAK Finance Loans, are collateral free, and provide small and medium sized companies the freedom to soar to greater heights.
Features & Benefits:
• Collateral free
• Low Length of business
• High loan amount
• Bundled RAKTrade – a Working capital / Trade limit
• SME titanium credit card
• Documents Required:
• Easy and simple documentation. Constitutional documents, , Bank Statements.
Account required
No
Finance type
No
Insurance/takaful
No
Loan Type
No
Max. finance amount
No
Maximum Tenure
6 Years
Minimum Annual turnover
AED 1,200,000
Min Finance amount
AED 3,000,000
Processing fee
No
Fixed rate
10.00%
Reducing rate
18.00%
Settlement Fee
No
Time in business
No
Top-up
No
Key Man Insurance
No
Processing time
No
Entity Required
No
EPP Tenor : 3, 6, 9 or 12 Months
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