Comprehensive and efficient

We offer an extensive suite of Trade & Working Capital Finance solutions that helps businesses manage their cash flow efficiently. Whether you need to finance your inventory, pay suppliers or manage your receivables, we have the right solution to meet your business needs.

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Import Financing

We’re dedicated to helping you simplify and streamline your importing process. Our Import Financing Services offer a variety of solutions to suit your needs. These include: 

  • Letter of Credit (LC): You can receive payment commitments against transactions, ensuring smooth cash flow throughout the order and delivery process. 
  • Loan Against Trust Receipts (LATR): For financing the shipment of imported goods. It requires minimal setup and no interfaces. 
  • Short Term Loans (STL): For advance payment to suppliers. 

Whatever your needs, we're here to support you with tailored Financing Solutions to help you succeed.

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Export Financing

We understand that exporting can be challenging. That's why we offer Export Financing Services designed to help you manage your cash flow and receive payments quickly. 

These services include Export Bill Discounting, where you can get paid the discounted value of your invoice immediately upon shipment, allowing you to access the cash you need to keep your business running. We also offer Export Letters of Credit Discounting, which allows you to liquidate your receivables under Export LCs.

Trust us to help you streamline your export process and get paid quickly and easily.

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Handling of Import & Export Documents

We know that dealing with import and export collection documents can be complicated. That's why we offer services to simplify the process and ensure that everything is handled efficiently. Whether you require Documents Against Payment (DP/CAD Basis) or Documents Against Acceptance (DA Basis), we have the expertise to help. Our team will work closely with you to manage your imports and exports seamlessly, so you can focus on your business.

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Receivables Financing

Transform your cash flow with our versatile financing options. Take advantage of our Post Dated Cheque discounting to boost your liquidity, secure a loan with us using your invoices as collateral, or finance your insurance receivables for up to 70%.

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Letters of Guarantee

As a Wholesale Business, it's crucial to protect your interests from risks. Our Guaranteed Solutions are designed to help you do just that. Our team of experts provides bid bonds, performance guarantees, retention guarantees, maintenance guarantees, and more to ensure that your business transactions are secured, and your interests are protected.

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Commercial Loan

Avail our Commercial Loan to finance working capital / fixed Assets with flexible repayment options and competitive interest rates

 

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SME Prime Rate as of 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.

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Services

We are committed to delivering top-quality Working Capital Finance products and services to our customers. Our approach involves a combination of dedicated Relationship Managers and TRADEASSIST, a trade service designed to ensure quick turnaround times for all your Trade Finance transactions. 

To take advantage of this service, you can visit our service desks or call our dedicated number at 8006789. 

TRADEASSIST is available Monday to Friday from 8:00 AM to 6:00 PM. For any enquiries or feedback, you can also send an email to customerservice-tf@rakbank.ae

Please check the table below for the available branches and working hours.

 

Trade Finance Help Desk working hours:

Location Availability Working Hours

Sultan Business Centre, Dubai (near Lamcy Plaza)

Monday to Thursday 

Friday 

8:00 AM to 5:00 PM 

8:00 AM to 3:00 PM 

Al Nakheel branch

Monday to Thursday 

Friday 

8:00 AM to 3:00 PM 

7:30 AM to 12:30 PM

Sharjah Rolla branch

Monday to Thursday 

Friday 

8:00 AM to 3:00 PM

7:30 AM to 12:30 PM

 

We’re here to help

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Simplify your banking experience with our feature-rich app. From payments to payroll, our comprehensive Banking Solutions provide everything you need to manage your business finances from one secure and easy-to-use platform.

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