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 300,000 Maximum Loan Amount: AED 3,000,000 Equity Required: Yes Maximum Term: 5 Years Flat Rate: 0.0% Reducing Rate: 0.0%
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‘Retailers’ in UAE who seek to boost their working capital and expand their business can now avail a Loan against Point of Sale receivable through RAKBANK. Additionally we can acquire existing POS loan customers with satisfactory track record from other banks through a POS Takeover.

Features & Benefits:
  • Higher loan eligibility for businesses with repayment option up to 60 months
  • Collateral free loan with competitive interest rates
  • POS receivable of any POS service provider can be assigned
  • 15%-17% (Reducing)
Annual Revenue:
  • Minimum Annual Revenue: 300K in 6 months
Early Settlement Fees:
  • 5% of the Outstanding
  • Minimum age of business: 1 Year
Required Documents:
  • Constitutional Documents
  • POS assignment Letter
  • Bank statements
Annual Fee
  • One time processing fee (1.5% - 2.5%)
** 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
RAKBANK - Finance Loan
Min Revenue
AED 1,200,000
Flat Rate
Dubai Islamic Bank - Business Finance
Min Revenue
AED 1,000,000
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Emirates Money Loan Against POS
Min Revenue
AED 300,000
Flat Rate
Gulf Finance Small Business Loans
Min Revenue
AED 2,500,000
Flat Rate