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Buying your own home in UAE is probably one of the most important financial decisions that you will ever make in your life.
* Offer is valid till 31st October 2020
Get the house of your dreams with our Mortgage Loans starting from just 2.99% p.a!
Property Locations : RAKBANK’s Mortgage Loans are Available for Dubai, Abu Dhabi & Ras Al Khaimah Locations
At MoneyMall, we have a team of specialist mortgage loan advisors who will provide you with dedicated and personal service and guide you effortlessly through the whole process.
RAK Bank Mortgage Interest rates | Fees & Charges |
Interest Rates | Starting from 2.99% per Annum |
Loan Processing Fee | 1% of the approved loan amount |
In Principle Approval Fee | AED 5000 (non-refundable) |
Total and Partial Prepayment Charges | Total Prepayment Charges 1% of the loan outstanding amount or AED 10,000/- whichever is lower Partial Prepayment charges 1% of the paid up amount or AED 10,000/- whichever is lower Interest Rate |
Interest Rate Type | Floating interest & Fixed interest |
Property Insurance | 0.035% of the property value per year recovered monthly |
Mortgage Shield Life Insurance | Premium – 0.050% p.m. on outstanding loan amount reducing annually |
A Mortgage Facility that pays you interest!
Rak Bank in its home in one offer, It combines your Current Account, Interest Savings and Mortgage Facility to provide a single, easy-to-manage solution with a range of benefits.
Use RAk Bank calculator now to know how Home in One can save you interest.
1 Comment → “RAK Bank Mortgage Home Loans”
Posted by Umar May 03, 2015
I am willing to apply for home mortgage .
I need mortgage for 18 years