RAK Bank Personal Loans offers higher Loan amounts at low-interest rates, with flexible repayment options up to 48 months for expatriates and 60 months to UAE nationals *
RAK bank also has Buy-out loan offers for those Already have a Personal Loan with another bank in the UAE. quickly and easily. Easy does it ! Hassle-free loan takeovers from other banks
RAK bank loan Highlights:
- Deferred Payment: After just six months of regular RAKloan repayments, you can apply for a one-month deferred payment
- RAK Bank Personal Loan Top Up : after one year of regular RAKloan repayments you can top up your RAKloan to the original amount.
- RAK Bank Free Bank Account : Keep it simple! You don’t have to maintain a minimum balance in your RAKloan account.
- Credit Sheild : Life insurance is available at a nominal cost.
- FREE RAKBANK Debit Card and personalized cheque book*
- FREE RAKBANK Credit Card with no annual fee ever and low interest rates
RAK bank personal loan requirements & FAQ’s
Is salary transfer to RAKBANK mandatory?
Yes. For a RAK Bank personal loan it is mandatory that your monthly salary is transferred to RAKBANK.
What is the minimum age requirement for a RAKBank loan?
RAKBank Personal Loan Age Requirements : The minimum age for UAE nationals are 20 years and 6 months, and 21 years for expatriates.
I have just joined my company. Am I eligible for a RAKBank Personal loan?
Yes, subject to RAKBANK receiving a letter from your employer confirming your appointment and subject to credit approval.
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