RAKBANK
UAE National Loan

Salary Transfer Required?

yes

Minimum Monthly Salary

AED 5000

Fixed Rate

1.99%

Reducing Rate

4.99%

Max Loan Amount

AED 1250000

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

Joining Offers

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

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