RAKBANK announces the launch of UAE’s first digital onboarding experience that provides a platform for SMEs to apply for Business Loans, Term, Working Capital Finance, and Asset-based finance through their Quick Apply portal.
SME customers can now not only apply for Business Accounts but also Business Finance products in just a few minutes and get instant in-principal approval followed by the funds disbursal in just a few days, without having to visit a branch or sales office.
This initiative is in line with the Bank’s strategy to improve its customer experience through simple and convenient digital solutions and follows the recent enhancement of its SMEsouk platform which is a one-stop digital marketplace for all SMEs.
Through the SMEsouk platform – www.smesouk.com, existing and budding entrepreneurs can set up their business from getting a trade license to opening a bank account with easy toolkits, grow it further with curated partnerships and exclusive offers and expand their community through events, webinars, and a marketplace to list their products and services.
Raheel Ahmed, CEO at RAKBANK commented: “At RAKBANK, we understand that SMEs are the true heart of every growing economy. That’s why we are building a digital ecosystem where SMEs can connect to set up, grow their business and expand their community in a seamless and quick way. The digital onboarding for business loans and finance along with the SMEsouk initiative reaffirms the Bank’s commitment to the SME community and bolsters our efforts to become an integrated, technology-enabled, and customer-centric financial services provider”.
In conclusion, those who are interested and are eligible in applying for such loans may visit their portal website: quickapply.rakbank.ae/business/finances.
