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RAKBiz - Equip
Express Service
Express Cash Secured Guarantee
You can now Login to your Digital Banking and avail the benefits of our express processing services for your cash secured guarantee requests up to AED 1 Million for a nominal fee of AED 150/- only!
Submit your requests before 11 am, Monday to Friday and collect your guarantee from the selected branch on the same day!
To submit your request, first Log in to Digital banking and select the option Trade Finance Service Requests under the Services Tab.
Pre-Requisites:
- Application to be complaint with internal policies of the Bank
- Customer to upload copy of latest and valid company identification documents (as applicable)
- Debit Authority Letter for Express Processing
Guarantee Collection Branches:
- Umm Hurair Branch, Dubai
- Sultan Business Centre, Mezzanine Floor, Oud Mehta, Dubai
- Sharjah Rolla Branch, Sharjah
Express Business Loan
If your Company’s length of business is more than 2 year and your requirement for finance is up to AED 375,000, you can now simply avail an Express Loan through RAKBANK Business Banking with minimum documentation and shortest possible processing time.
We can also take over your existing Business loan with other bank at attractive terms.
Features and benefits:
- Fast Track Approval on Express Loan Application
- Collateral free loan
- Enjoy competitive rate of interest
- Flexible repayment period up to 60 months
- Finance can be availed in Conventional and Islamic form
How can I apply for the Loan?
To apply send SMS “Business” to 7011 or email us at businessbanking@rakbank.ae
Important:
Consideration of Loan/Finance would be subject to satisfactory documentation submitted by customers and banks internal approval.
Disclaimer
In line with the UAE’s Value Added Tax (VAT) implementation from 1st January 2018, VAT at the rate of 5% will be levied on RAKBANK’s fees and charges specified herein, wherever applicable and as per UAE law.