Be it a wedding, a holiday, unexpected expenses or switching your loan from another bank, our Personal Loan provides high loan amounts at low interest rates, with flexible repayments of up to 48 months for expatriates.
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.
Age:
Residency:
Other Requirements:
The RAKBANK Personal Loan is a loan granted to customers whose salaries are credited to RAKBANK. The maximum amount for a Personal Loan is 20x your salary (15x the salary for Armed Forces staff).
The loan is intereded for personal use and is repaid by salary deductions.
All you need to do is debit the repayment amount from your monthly salary when it is transferred to your RAKBANK Account.
For UAE nationals, 65 years or retirement age, whichever is earlier upon loan maturity.
For expats, 60 years or retirement age, whichever is earlier upon loan maturity.
Yes, it is mandatory to transfer your monthly salary to RAKBANK for a Personal Loan.
Yes, subject to credit approval. Note that your employer should send us a letter confirming your employment.
UAE nationals and expats have 48 months to repay the loan. UAE Armed Forces staff have 60 months.
Not sure about something? Check our frequently asked questions to find what you’re looking for.
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Personal Loans With Low Rates & Flexible Terms | RAKBANK UAE
