RAKBANK
Mortgage Home Loan

Identification Documents:

• Passport
• Labour Card (if applicable)
• Khulasat Qaid (if applicable)
• Financial Documents

Salaried customers:

• Current dated salary certificate addressed to RAKBANK (stating designation, length of employment, detailed breakdown of salary)
• Other income documents e.g. tenancy contracts and title documents for rental properties
• Salary bank account statements (reflecting last 6 salary credits in the account)
• Other income account statements (last 6 months)

Self-employed customers:

• Audited financial statements (last 2 years)
• Other income documents e.g. tenancy contracts and title documents for rental properties
• Personal bank account statements (last 6 months)
• Corporate bank account statements (last 6 months)
• If un-audited financial statements - 12 months bank statements for both company and Personal accounts

Legal Documents (Self-employed customers only):

• Copy of Trade License (at least one year LOB)
• Copy of Chamber of Commerce Registration
• Copy of Memorandum and Articles of Association
• Copy of Certificate of Incorporation, Register of Shares and Power of Attorney (applicable for off-shore companies)

Property Documents:

• Copy of Sale/Purchase Agreement
• Receipts of customer contribution and bank account statements validating this payment

Other Documents:

• Cheque for loan processing fee/valuation fees

• UAE nationals and all expatriate nationalities
• Salaried - Minimum Salary requirement of AED 15,000 per month, no salary transfer required
• For Self-employed: Average Credits of AED 50,000 per month
• Minimum Age for all primary applicants is 23 years