Compare Products Business
The RAKBANK Comparator lets you compare business products so you can select one which is tailor-made to your needs. Simply select the category below and get started.
Select Product Category
Accounts
Credit Interest
Monthly Average Credit Balance
Monthly charges for not maintaining average balance
Monthly Maintenance fees
Teller Transaction fees
Cheque Book issuance charges
Domestic Electronic Funds Transfer fee - Dirham
(RAKBANK charges)
International Electronic Funds Transfer fee (RAKBANK charges)
Lifestyle Benefits
-
RAKstarter Account
Learn MoreYes
0
0
AED 99
AED 25 per transaction
1st Cheque book (annually) – Free
Second Cheque book onwards AED 100 each (Through branches) / AED 75 each (through Digital Banking)
Digital Banking: AED 1
Branch: AED 50
Digital Banking: AED 25
Branch: AED 100
NA
-
Business Current Account
Learn MoreYes
AED 25,000 or equivalent at entity level
AED 50
AED 50
0 to 5 Transaction – Free
6 to 20 Transactions - AED 10
> = 21 Transactions - AED 251st Cheque book (annually) – Free
Second Cheque book onwards AED 75 each (through branches) / AED 50 each (through Digital Banking)
Digital Banking: AED 1
Branch: AED 50
Digital Banking: AED 25
Branch: AED 50
NA
-
RAKelite Business Banking
Learn MoreYes
AED 500,000 or equivalent at entity level
AED 250
NIL
Free
Free
Digital Banking: Free
Branch: AED 50
Digital Banking: Free
Branch: AED 50
Yes
Loans / Finance
Minimum Loan
Maximum Loan
Maximum loan tenure
6 months turnover required
Length of Business
Interest rate
Buyout from other banks
Collateral free loan
Express service available *
-
Business Loans
Learn More100 k
3 Mio
60 months
>=AED 300 k
6 months
21% to 25%
Yes
Yes
Yes
-
Loan Against POS Receivables
Learn More100 k
3 Mio
60 months
>=AED 300 k
6 months
15% to 20%
Yes
Yes
No
-
Term and Working Capital Finance
Learn More500 k
15 Mio
12 months
>=AED 1 Mio
1 year
10% to 14%
Yes
No
Yes
-
Commercial Real Estate Loan
Learn More500 k
25 Mio
10 years
>=2 Mio
1 year
7% to 9%
Yes
No
No
-
Loan against property
Learn More3 Mio
100 Mio
15 years
Minimum rental to be AED 500K per annum
1 year
5.5% to 7%
Yes
No
No
-
Asset Based Finance
Learn More100 k
7.5 Mio
48 months
>=AED 500 k
1 year
5.5% to 8%
Yes
No
No
* Maximum Loan amount AED 375,000 with additional fees
*All facilities are granted at the sole discretion of RAKBANK. Terms and conditions apply.