RAKBANK outlines measures to support all stakeholders amid the coronavirus pandemic – ZAWYA

RAKBANK outlines measures to support all stakeholders amid the coronavirus pandemic – ZAWYA

Effective immediately, RAKBANK made a commitment to work with individual customers, SMEs and large corporates on a case-by-case basis to provide flexible solutions to help them manage through challenges such as pay disruption due to COVID-19 or those customers facing illness from the virus. For individual customers the Bank will provide payment deferrals of up to 3 months on auto loans and personal loans for COVID-19 impacted salaried and self-employed individuals without any charges.. It is important to note that Trade Finance solutions and Real Estate financing for the Bank's Business Banking customers will be dealt with on a case-by-case basis and necessary assistance will be provided.. The Bank will be waiving off local transfer charges conducted via the Digital Banking app or the ATMs and Electronic Deposit Machines (EDMs).. RAKBANK is offering RAKstarter zero balance current account to start-ups and new entrepreneurs.. , customers can contact Bank representatives through the web chat services available via the website and Digital Banking app or directly call the Bank's contact centre.. RAKBANK, also known as The National Bank of Ras Al Khaimah (P.S.C), is one of the UAE's most dynamic financial institutions.. The contents of the press release was provided from an