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Get a collateral-free business loan with RAKBANK UAE, offering up to AED 3 million and flexible repayment options of up to 60 months. Support your business expansion with ease. Apply now!

Business Loan in UAE - Get up to AED 3 Million With Flexible Repayments | RAKBANK UAE

Business Loan

Expand your business with a flexible, collateral-free loan

Flexible repayment

Max loan tenure 60 months

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Tailored loans

Business Loan - Eligibility

Eligibility

Account

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Business Loan - Terms And Conditions

Terms and Conditions

Collateral free loan

Segment - Business

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ELIGIBILITY & FEES

Secure your loan today

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Business Loan - Terms and Conditions Notification

Important Information 

<ul>
<li style="font-weight: 400;" aria-level="1">The Bank may amend the features, fees, charges, terms &amp; conditions of the Loan on 60 days&rsquo; notice to you in advance.</li>
<li style="font-weight: 400;" aria-level="1">The Bank may amend the interest rates for the Loan on 30 days&rsquo; notice to you in advance.</li>
</ul>
&nbsp;
Warnings
<ul>
<li style="font-weight: 400;" aria-level="1">An approval for the Loan once sanctioned is only valid for 30 days from the date of approval, and the Loan disbursal must be completed before that so as not to lose time, failing which re-approvals need to be sought internally.</li>
<li style="font-weight: 400;" aria-level="1">If you pay off the Loan prior to the due date, you will pay prepayment charges at the rates described below.</li>
<li style="font-weight: 400;" aria-level="1">If you are late in payment or fail to make a payment on the due date, you will pay a late payment fee at the rates described below.</li>
<li style="font-weight: 400;" aria-level="1">If you fail to make a payment or otherwise breach the Loan terms, this will be considered a default and the Bank will be entitled, among other things, to:</li>
</ul>
(a) Charge penal interest of 2% per annum for non-compliance to loan sanction terms.
(b) Cancel the Loan and demand full repayment immediately.
(c) Report the default to the appropriate regulatory authorities, including the UAE Central Bank and Al Etihad Credit Bureau, and credit rating agencies, which will affect your credit rating.
(d) Bring legal proceedings against you.
&nbsp;
Risks &amp; Limitations
<ul>
<li style="font-weight: 400;" aria-level="1">Last EMI amount may vary depending on moratorium period, changes in floating rate indices, and repayment delays.</li>
<li style="font-weight: 400;" aria-level="1">Loan tenor may vary post sanction depending on EMI deferrals sought from the Bank, EMI date change requests, repayment delays, and pricing variation, if any.</li>
<li style="font-weight: 400;" aria-level="1">If you fail to make any payment due under the Loan or otherwise breach our terms, we reserve the right to repossess the asset, if applicable, and liquidate/sell the same to settle the outstanding amount.</li>
<li style="font-weight: 400;" aria-level="1">Not more than 2 deferrals of instalments are allowed in a year.</li>
<li style="font-weight: 400;" aria-level="1">The Bank may reject requests for Installment deferral if payments are irregular or if there are 4 cheque/direct debit system (DDS) returns in the last 12 months or if the request does not meet the Bank's internal risk policy requirements.</li>
</ul>
&nbsp;
Customer Obligations
<ul>
<li style="font-weight: 400;" aria-level="1">It is mandatory to have a Current Account with the Bank, from where the installment/EMI will be serviced. Use of the current account will be governed by the Terms and Conditions Governing Business Accounts available on the website www.rakbank.ae.</li>
<li style="font-weight: 400;" aria-level="1">Pay all installments and other amounts due on the due dates without delay.</li>
<li style="font-weight: 400;" aria-level="1">Review this document and all other terms &amp; conditions set out in the Facility Documents/application form in detail.</li>
<li style="font-weight: 400;" aria-level="1">Regularly check our website (www.rakbank.ae) for updates.</li>
<li style="font-weight: 400;" aria-level="1">Notify the Bank in writing if there is a change in your business income details, contact details, postal or location address, financial details, change in business activity or any other material information as declared in the facility documents/application form or otherwise conveyed to the Bank.</li>
<li style="font-weight: 400;" aria-level="1">Always safeguard sensitive banking details such as a/c number, cheque book, Debit Card, login ID, passwords, pin number etc.</li>
<li style="font-weight: 400;" aria-level="1">Notify the Bank in writing prior to making any changes to ownership or management of the Company as was declared during the application process and seek consent; and</li>
<li style="font-weight: 400;" aria-level="1">Notify the Bank in writing if you wish to prepay your Loan prior to its maturity.</li>
</ul>

Business Loan - Key Terms & Conditions

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Business Loan - With Salary Transfer

Fees

Business Loan - Al Etihad Credit Bureau check fee

6 months turnover >=AED 300 k

Business Loan - Take your business to the next level

Loan Features

Looking to branch out your business or set up a new one? We're here to back you up with a Business Loan. Benefit from up to AED 3 million and flexible repayment terms to conveniently repay your loan.&nbsp;
Also available under <a href="/en/islamic/business/business-finance/business-finance/business-finance/" target="_blank" rel="noopener">Islamic</a> Banking.

Take your business to the next level

Interest rate: 21% to 25%

Business Loan - Collateral Free

We understand that putting up collateral can sometimes be a roadblock for small and medium-sized businesses. That’s why we offer collateral-free Business Loans. This means you can secure the funding you need without tying up your valuable assets. 
 
This flexibility allows you to maximise opportunities, invest in your growth and meet your short to medium term business requirements with minimal and hassle-free documentation.

Collateral-free

Business Loan - Would you like more?

Would you like more?

Express service available

Business Loan - Early settlement of loan (partial/full)

Business Loan - Up To AED 3 Million

Whether you’re expanding, exploring or starting off anew, we can give a maximum business loan of AED 3 million to help you out with your new and old ventures.

Up to AED 3 million

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Expand your business with RAKBANK's Short Term Trade Loan solutions. Get flexible trade finance options tailored to your needs. Contact our online web agents for more information.

Short-Term Trade Finance & Working Capital Loans for Business | RAKBANK UAE

Trade & Working Capital Finance

Stabilise and enhance your business's cash flow

You can apply for this product using <a href="https://rakbankonline.ae/Digital/AuthenticationController?FORMSGROUP_ID__=AuthenticationFG&amp;__START_TRAN_FLAG__=Y&amp;__FG_BUTTONS__=LOAD&amp;ACTION.LOAD=Y&amp;AuthenticationFG.LOGIN_FLAG=1&amp;BANK_ID=RAK&amp;USER_TYPE=1" target="_blank" rel="noopener">RAKBANK Digital Banking</a>. Here are the steps: 1.Go to&nbsp;<a href="http://www.rakbank.ae/" target="_blank" rel="noopener" data-saferedirecturl="https://www.google.com/url?q=http://www.rakbank.ae&amp;source=gmail&amp;ust=1687508562826000&amp;usg=AOvVaw02TXDJiNUympHIWw84JK-0">www.rakbank.ae</a> 2.Select the &ldquo;Business&rdquo; from Digital Banking login type 3.Login using your Username &amp; Password 4.Click on "Discover &amp; Apply" 5.Select the desired product

Business - Apply through Digital Banking

Log in to RAKBANK Digital Banking and apply instantly

Apply through Digital Banking

Buyout from other banks

Enhance your SME banking with RAKBANK's RAKvalue Plus and Max packages. Enjoy free international remittances, business insurance, preferential USD rates, and cloud-based accounting software.

SME Bank Accounts for Business Savings & Benefits | RAKBANK UAE

RAKvalue SME Packages

Boost your business with exclusive feature-rich packages


RAKvalue SME

Learn More

Business Loan - Loan Shield Protected

With our Loan Shield cover, you get peace of mind knowing that your business is protected in the event of the unexpected. In case of the death of a borrower due to a covered cause during the coverage period, Loan Shield will indemnify the outstanding loan amount. 
 
This means that your business won't have to worry about the burden of repaying the loan during such a difficult time. Protect your business and its financial future with our Loan Shield.

Loan Shield protected

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Apply Online - Business finance

Take your business further through our easy Business Finance Solutions

Apply online

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Business Loan - Tailored Loans

We know that each business has different goals and needs. That’s why we evaluate the cash loan based on each company’s size, business model and repayment capabilities to make sure you benefit to the max.

Length of Business: 6 months

Business Loan - Issuance of Liability Certificate

Up to AED 3 Million

Minimum loan AED 100K

Not sure about something? Check our frequently asked questions to find what you’re looking for.

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FAQs

<ul>
<li style="font-weight: 400;" aria-level="1">Valid trade licence</li>
<li style="font-weight: 400;" aria-level="1">Valid passport, EID, visa (for all signatories and shareholders)</li>
<li style="font-weight: 400;" aria-level="1">Bank statements, VAT filings</li>
<li>Business documents, such as constitutional documents &amp; Account mandates viz memorandums, Shareholders Resolution, etc.</li>
<li>Company location document such as Ejari, lease agreement, etc. (as applicable) </li>
<li>Banking or lending assessment information / documentation (if and as applicable)</li>
<li>Capacity to meet the Bank&rsquo;s lending criteria</li>
</ul>

Business Loan - Other Requirements

Benefits

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Business Loan - Flexible Repayment 

We understand that the unexpected happens. To alleviate the pressure, we offer you the flexibility of repaying your loans within 60 months!

Business Loan - We’re here to help.

Business Loan - Emirates Integrated Registries Company

Scan the QR code to download the RAKBANK Business app from the Apple App Store

Download the RAKBANK Business app!

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.

Scan the QR code to download the app from the Google Play Store

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Your all-in-one financial partner

* per security document
** of the settled principal amount
&nbsp;
Processing fees (if any) at the time of onboarding will be quoted as a percentage of the loan amount (without exceeding 3% of the loan amount).
&nbsp;
Late payment fee will be charged if the EMI due is not paid by the due date:
<ul>
<li>1 EMI overdue - AED 315</li>
<li>2 EMIs overdue - AED 420</li>
<li>Over 2 EMIs overdue - AED 577.50</li>
</ul>
&nbsp;
Disclaimer:
VAT at the current of 5% will be levied on the Bank's fees and charges, as applicable under UAE law. 
For more details about our Business Loan fees and charges, please refer to our <a title="Business Loan Service and Price Guide" href="/globalassets/service--price-guides-media--archive/014-sp-vat-businessloans-090523.pdf">Service and Price Guide.</a>