Minimum Revenue Maximum Loan Amount Equity Required Maximum Term Flat Rate Reducing Rate
RAKBANK - Finance Loan RAKBANK - Finance Loan Minimum Revenue: AED 1,200,000 Maximum Loan Amount: AED 3,000,000 Equity Required: No Maximum Term: 6 Years Flat Rate: 10.0% Reducing Rate: 18.0%
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RAK Finance Loans, are collateral free, and provide small and medium sized companies the freedom to soar to greater heights.

Features & Benefits:
  • Collateral free
  • Low Length of business
  • High loan amount
  • Bundled RAKTrade – a Working capital / Trade limit
  • SME titanium credit card
Documents Required:
  • Easy and simple documentation. Constitutional documents, , Bank Statements.
** Calculator Definitions
Amount: The total amount of money borrowed, also referred to as the principal amount.
Rate (%): This is the annual interest flat rate on the product. This is not the APR, which is going to be calculated in this example.
Years: This is the original term or length of the product, stated in years.
Effective Monthly Payment: This is the effective monthly payment, which takes into consideration fees and other costs associated with this product. The effective monthly payment is the basis for the APR calculation.
Calculated Annual Percentage Rate (%): The Calculated Annual Percentage Rate (APR) is determined using the annual interest rate of the product plus fees and other costs. This rate may differ from bank to bank. APR is useful when comparing two or more products with different interest rates and fee structures.
Representative Example Calculator
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Emirates Money Business Loan
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