Business Finance Solutions
For successful businesses, RAKBANK provides a wide range of products and services that are tailor-made to suit your business requirements:
- Working capital 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
- Dedicated Trade Finance Relationship Manager
Click here for Trade Finance Service and Price Guide.
- Letter of Credit (LC): Make importing easier by providing payment commitments against transactions, and manage the cash flow throughout the order and delivery process.
- Loan against trust receipts (LATR): Finance the shipments of imported goods with our loans that require minimal setup and no interfaces.
- Short Term Loans (STL): Avail our finance for advance payment to suppliers.
- Export Bill Discounting (Finance for credit extended for exports): Get paid the discounted value of your invoice, immediately on shipment.
- Export Letters of Credit Discounting: Liquidate your receivables under Export LCs.
Handling of import and export collection documents
- Documents against payments (DP / CAD Basis)
- Documents against acceptance (DA Basis)
- Post Dated Cheque Discounting (Finance for debtors / credit extended locally): Enhance your cash liquidity using our PDC discounting facility.
- Loan against invoices (Discounting of invoices): Secure a loan with us against your future promised payments or invoices.
Letter of Guarantees
- Payment Guarantees, Bid Bonds, Performance Guarantees, Retention Guarantees, Maintenance Guarantees etc.
We deliver our products and services through a combination of dedicated Relationship Managers and TRADEASSIST. TRADEASSIST is a Trade Service offering to our customers to ensure quick turnaround times for all their Trade Finance Transactions.
Customers can avail “TRADEASSIST” services by visiting any of our below service desks or by calling our dedicated Toll Free Number at 8006789. TRADEASSIST is available from Sunday to Thursday from 8 AM to 5 PM at 8006789.
You can also send an email at firstname.lastname@example.org in case of any enquiry or feedback.
Trade Finance Help Desk:
|Sultan Business Centre, Dubai Near Lamcy Plaza||8 AM to 8 PM|
|Al Ras Branch, Deira Near Old Gold Souq
Sharjah Industrial Branch, Sharjah
Tourist Club Branch, Abu Dhabi
|8 AM to 3 PM|