Minimum Revenue Maximum Loan Amount Equity Required Maximum Term Flat Rate Reducing Rate
RAKBANK - Point of Sales Finance RAKBANK - Point of Sales Finance Minimum Revenue: AED 600,000 Maximum Loan Amount: AED 3,000,000 Equity Required: No Maximum Term: 5 Years Flat Rate: 8.33% Reducing Rate: 15.0%
Apply Online Now
Fill in your details below and a product advisor will call you back with more details.
Some required information is not valid
Top reasons to choose:
Collateral free loan

Product USP:
1) Collateral free loan
2) Low interest rate

Detailed Features:
1) Collateral Free loan
2)  High loan amounts of up to AED 3 million*
3) Flexible repayment periods of up to 60 months*
4)  Minimum documentation

Reducing Rate:
15%

Eligibility:
1) Length of Business should be 12 months 
2) 6 months turnover required  >=AED 600K
3) To hold a POS terminal for a minimum of 6 months

Required Documents:
1) Valid Trade License 
2) MOA/AOA
3) Tenancy Contract and Ejari office & Warehouse
4) Labour list 
5) One year bank statement 
6) WPS recent 3 months
7) Passport copies of signatories  and shareholders 
8) Valid Emirates ID

** 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
Dubai Islamic Bank - Business Finance
Min Revenue
AED 1,000,000
Flat Rate
9.37%
Emirates Money Loan Against POS
Min Revenue
AED 300,000
Flat Rate
7.72%
Gulf Finance Small Business Loans
Min Revenue
AED 2,500,000
Flat Rate
11.03%
Emirates Money Business Loan
Min Revenue
AED 1,200,000
Flat Rate
9.92%