RAKBANK UAE National Loan

RAKBANK
UAE National Loan

Salary Transfer Required?
yes
Minimum Monthly Salary
AED 5,0000
Fixed Rate
1.99%
Reducing Rate
4.99%
Max Loan Amount
AED 1,250,0000
Salary Transfer Required? yes
Minimum Monthly Salary AED 5,0000
Fixed Rate 1.99%
Reducing Rate 4.99%
Max Loan Amount AED 1,250,0000

Top Reasons To Choose

  • Low and attractive promotional interest rates
  • High loan amounts

Easy and Quick Salary Transfer Personal Loans for all your financial needs with Interest Rates starting from 3.74%, attractive discount on loan processing fees, and the option to pay your first installment in up to 120 days.

Special offer for UAE Nationals in their first job

  • Personal loan starting from 4.99% (Reducing)
  • With the option to avail an Auto Loan starting from 1.99% (Flat)

Documents Required

  • Copy of valid Passport / Emirates ID & Visa (Originals must also be presented)
  • 6 months bank statements showing salary credits
  • Salary certificate
  • Liability Letter or clearance letter (if applicable)
  • Application form duly filled & signed by customer

Eligibility

  • Minimum Salary of AED 5000
  • Min Age of 21 years
  • Minimum 6 months of length of service with current employer

Detailed Features

  • Loans available for salaried UAE National customers with salary starting from AED 3,000 
  • Loan Amount up to 20 times your salary
  • Option to combine all your existing loans into one loan, under one monthly payment for ease of payment
  • Option to avail Salary Advance which allows you instant access to funds via digital banking. 
  • Option to defer your installment  twice per year
  • Convenient Top-up loan after 1 year 
  • Free RAKBANK Debit Card and personalized cheque book*
  • Free RAKBANK Credit Card with no annual fee ever and low interest rates
  • Easy documentation
  • Customers with Salaries of AED 50,000+ will be qualified to RAKBANK Elite and enjoy unmatched benefits.
  • Insurance offered by RAK Insurance

Apply Now

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