Cash out within a few days without visiting the branch
"Ras Al Khaimah National Bank" launches a digital appending platform for loans to small and medium-sized companies
The National Bank of Ras Al-Khaimah announced the launch of the “Digital Enrollment” experience, which is considered the first of its kind, which will enable small and medium-sized companies to apply for business loans, working capital financing, and asset-based financing, through the rapid application portal of Ras Al Khaimah National Bank. : quickapply.rakbank.ae/business/finances.
In a statement, the bank stated that small and medium-sized company customers will be able to apply for business accounts, and they will be able to apply for business financing products within a few minutes, and immediate initial approval followed by disbursing funds within a few days, without the need to visit a branch or Sales office.
The bank clarified that its initiative is in line with the bank’s strategy to improve the customer experience through simple and convenient digital solutions, and comes in support of its “SMEsouk” platform, which is a comprehensive digital marketplace for all small and medium-sized companies.
According to the bank, through the “SMEsouk - www.smesouk.com” platform, owners of existing and emerging projects will be able to establish their businesses, starting from obtaining a commercial license, to opening a bank account, in addition to increasing their business growth through coordinated partnerships and exclusive offers.
"We are establishing a digital ecosystem that will enable small and medium-sized companies to communicate, grow their businesses, and expand their circle of relationships in a smooth and fast way," said Rahil Ahmed, CEO of RAKBANK.
He added: “The digital inclusion of commercial loans and financing, as well as the SMEsouk initiative, reaffirm the bank’s commitment to the SME category, and reinforce our efforts to become an integrated, technology-driven and customer-centric financial services provider.”
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