We’ll help protect your business
As a Wholesale Business, it's crucial to protect your business interests from risks. Our Guarantee Solutions are designed to help you do just that. Our team of experts provides Bid Bonds, Performance Guarantees, Retention Guarantees, Maintenance Guarantees, and more to ensure that your business transactions are secured, and your interests are protected.
Payment Guarantees
Our Payment Guarantees offer customised solutions that can help you secure your Wholesale Business. These solutions help ensure that you can conduct transactions and negotiate with your partners with confidence, knowing that your interests are safeguarded.
Bid Bonds
Winning bids is critical for wholesale businesses, and we are here to help. With our Bid Bonds, you can bid knowing that we are committed to securing your transactions and providing you peace of mind. Our comprehensive protection and expert advice give you a competitive edge and help you win more bids.
Performance Guarantees
Our Performance Guarantee Solutions secure your interests and protect against project delays, cost overruns, and other risks.
Retention Guarantees
We understand the importance of keeping your hard-earned funds secure during a project. That's why our Retention Guarantee Solutions ensure that your funds are safeguarded every step of the way.
Maintenance Guarantees
Keep your projects running smoothly with our Maintenance Guarantees. Our customised solutions will secure your interests and help ensure long-term project performance.
SME Prime Rate as of 1st May 2023
Effective 1st May 2023, the SME Prime will be revised to 15.50% per annum i.e. from existing rate of 15.00% to 15.50%. RAKfinance Loans availed against SME Prime Rate, Facilities which are offered against SME Prime Rate and granted through the Banking Arrangement Letter, or RAKislamic Trade Finance which are offered against SME Prime Rate and granted through the Financing Arrangement Letter duly executed by you will be eligible for this rate revision. All other Terms and Conditions set out for the above shall remain the same and continue to be in force.
At your service
We offer comprehensive Working Capital Finance options through a combination of experienced Relationship Managers and advanced technology with TRADEASSIST.
TRADEASSIST streamlines Trade Finance transactions and provides a quick, efficient solution for our corporate and business clients. Our dedicated team is always available to assist and support you in your financial endeavours.
We’re here to help
Your all-in-one financial partner
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.
