Expand your business through RAKfinance cash loans. RAKfinance loans are offered to the small and medium sized companies to meet their short to medium term business requirements with minimal and hassle free documentation.
Features & Benefits:
- High loan amounts
- Available to business just 6 months old
- Hassle free process with minimal documentation
- Quick easy approvals
- Bank Policy to apply
- Minimum Annual Revenue: 300K in 6 months
Early Settlement Fees:
- 5% of the Outstanding
- Minimum age of business: 6 Months
- Constitutional Documents
- Bank statements
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 on the product plus fees and other costs. The APR is useful when comparing two or more products with different interest rates and fee structures.