Trade Finance

For successful businesses, RAKBANK provides a wide range of products and services that are tailor-made to suit your business requirements:

• Working capital finance 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

View the Trade Finance Service and Price Guide.

SME Prime Rate effective 1st May 2023

Effective 1st May 2023, the SME Prime will be revised to 15.50% per annum i.e. from existing rate of 15.00% to 15.50%. RAKfinance Loans availed against SME Prime Rate, Facilities which are offered against SME Prime Rate and granted through the Banking Arrangement Letter, or RAKislamic Trade Finance which are offered against SME Prime Rate and granted through the Financing Arrangement Letter duly executed by you will be eligible for this rate revision. All other Terms and Conditions set out for the above shall remain the same and continue to be in force.

• 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.

• 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.
• Financing Against Insurance Receivables: Secure upto 70% financing against expected payments on claims made via the eClaim portal to insurance companies, through our fintech tie-up with Invoice Bazaar Forfaiting Services LLC. This product is the perfect fit for healthcare providers such as clinics, hospitals, pharmacies etc. where PDCs / Invoices are not available for availing post sales financing.

• Payment Guarantees, Bid Bonds, Performance Guarantees, Retention Guarantees, Maintenance Guarantees etc.

We deliver our working capital finance 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 Number at 8006789. TRADEASSIST is available from Monday to Friday from 8:00 AM to 6:00 PM at 8006789.

You can also send an email at [email protected] in case of any enquiry or feedback.

Trade Finance Help Desk: