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Green Personal Loan

Green Personal Loan

Pave your way towards huge energy savings and costs

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Loan Features

The best of both worlds

Now you can save on your expenses and do your bit for our planet.
Get easy loan options for environmentally-friendly purchases like solar panels, energy efficient products, and appliances for your home.

Featured interest rate

4.74%

from 4.74% to 22.49%
reducing rate
p.a.

payments

Exclusive rates

As low as 4.74% p.a.
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Flexible repayment option

Up to 48 months
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Discounted Life Insurance fees

Exclusive Life Insurance
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ELIGIBILITY & FEES

You’re closer to your ideal loan than you think

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  • Age:

    • 21 years or older

    Residency:

    • UAE National or Salaried expatriate, residing in the emirate of Ras Al Khaimah.

    Other Requirements:

    • End-of-service benefits (EOSB) and salary transfer to RAKBANK is required until repayment of Green Personal Loan is completed
    • Minimum Al Etihad Credit Bureau (AECB) score of 541
    • Customer must be employed with a RAKBANK-approved employer
    • Minimum monthly salary of 5,000

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World Credit Card

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RAKBANK Emirates Skywards Savings Account

FAQs

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Yes, it is a requirement that your monthly salary be credited to RAKBANK for you to be eligible for a RAKLoan.
Your RAKLoan is conveniently repaid through automatic debits from your monthly salary when it is credited to your RAKBANK account.
For UAE nationals, the maximum age is 65 years or retirement age (whichever comes first) on loan maturity. For expatriates, it's 60 years or retirement age (whichever comes first) on loan maturity.
Yes, life insurance is available at a nominal cost. In the unfortunate event of the borrower's death, the outstanding loan amount will be covered under this insurance scheme*. Please note that terms and conditions apply, and insurance is offered by RAK Insurance.
The minimum age requirement for UAE nationals is 20 years and 6 months, while for expatriates, it is 21 years.
Yes, you may be eligible for a RAKLoan if RAKBANK receives a letter confirming your appointment from your employer, subject to credit approval.

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RAKBANK App

Bank on the go anytime, anywhere

Discover the RAKBANK App and enjoy cutting-edge Digital Banking services at your fingertips. Seamlessly manage your accounts, conduct secure transactions, and enjoy a range of innovative features – all in one user-friendly platform.

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