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Education Loan

Education Loan

Secure your child’s future

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Loan Features

Made for students. Designed for parents.

We've designed the perfect loan to support your child's education in the UAE or abroad.

Indicative Educational Loan Calculator

How to use this calculator
  1. Enter an amount between AED 10,000 and AED 2,250,000
  2. Choose the length of your loan between 12 and 48 months
  3. Click on "Calculate"

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Disclaimer
Rates are quoted on a reducing rate per annum. The example in the Personal Loan eligibility calculator is not a quotation and it is for illustrative purposes only. A full quotation will be provided when you apply and the amounts may vary. The Personal Loan calculation is designed to give you an indication and should be used as a guide only.

Eligibility

Set up your child's future success today

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  • Age:

    • 21 years old and above

    Residency:

    • Salaried parent residing and working in the UAE

    Other Requirements:

    • Minimum salary of 5,000
    • Salary transfer to RAKBANK is mandatory

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Education Loan is a salary transfer Personal Loan offered to salaried parents who wish to support their children’s education at their preferred institution in the UAE or abroad.

Applicants must be salaried parents residing in the UAE with a minimum salary of 5,000.

Repayments should be done via RAKBANK Salary Accounts.

Yes you can, an early settlement fee is applicable as per the Service and Price guide.

Yes, it is mandatory to transfer your salary to RAKBANK to avail an Education Loan.

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