Check Eligibility for Rakbank
Home Loan

You are eligible to apply for a Rakbank
Home Loan .

You may not be eligible * to apply.

* Minimum salary AED 15000 required to apply for a Rakbank Home Loan .

Click here to check loans from other banks.

Rakbank Home Loan Calculator

Home Loan Provided By Rakbank

Check Eligibility for Rakbank Home Loan

You are eligible to apply for a Rakbank
Home Loan .

You may not be eligible * to apply.

* Minimum salary AED 15000 required to apply for a Rakbank Home Loan .

Click here to check loans from other banks.

Rakbank Home Loan Calculator

Zero Balance Free account

Features of Rakbank Home Loan

  • Bank Balance Linking (To Reduce the Rate of Interest)
  • Instant access to funds
  • Offers All Current Account Facilities (including Debit Card, Cheque book & Net Banking)
  • Flexible EMI, tenure and interest rates

Eligibility Criteria of Rakbank Home Loan

  • Minimum Age: 21 Years
  • UAE Residency
  • Salaried/Self Employed Individuals (Need Proof of Income)

Documents Required of Rakbank Home Loan

  • Copy of Valid Passport
  • Copy of VISA (For Expats)
  • Copy of Emirates ID (For UAE Nationals)
  • Originals Salary Certificate(For Salaried)
  • Proof Of Income(For Self-Employed)
  • Bank statements of active bank account from past six months
  • All relevant property details
  • Audit financials (For Self-Employed)

Note: RAKBANK may ask for more documentation if necessary.

Rakbank Home Loan Interest rates

rakbank Bank

3 Home Loans Provided By Rakbank

Home in One

Minimum Salary

AED 15K

Flat Rate

1.92%

Reducing Rate

3.49%

Loan Amount

AED 18000K

Early Settlement Fee

1%

Arrangement Fee

1%

Down Payment

20%

Repayments Up To

25 Years

AED 15K

Minimum Salary

1.92%

Flat Rate

3.49%

Reducing Rate

AED 18000K

Loan Amount

1%

Early Settlement Fee

1%

Arrangement Fee

20%

Down Payment

25 Years

Repayments Up To

Advantages

  • Free debit card
  • Free cheque book
  • Avail pre approval on low charges

Advantages

  • Free debit card
  • Free cheque book
  • Avail pre approval on low charges
Mortgage Home Loans

Minimum Salary

AED 15K

Flat Rate

1.78%

Reducing Rate

3.25%

Loan Amount

AED 18000K

Early Settlement Fee

1%

Arrangement Fee

1%

Down Payment

20%

Repayments Up To

25 Years

AED 15K

Minimum Salary

1.78%

Flat Rate

3.25%

Reducing Rate

AED 18000K

Loan Amount

1%

Early Settlement Fee

1%

Arrangement Fee

20%

Down Payment

25 Years

Repayments Up To

Amal Home Finance

Minimum Salary

AED 15K

Flat Rate

1.78%

Reducing Rate

3.25%

Loan Amount

AED 18000K

Early Settlement Fee

1%

Arrangement Fee

1%

Down Payment

20%

Repayments Up To

25 Years

AED 15K

Minimum Salary

1.78%

Flat Rate

3.25%

Reducing Rate

AED 18000K

Loan Amount

1%

Early Settlement Fee

1%

Arrangement Fee

20%

Down Payment

25 Years

Repayments Up To

About Rakbank

Established in 1976, RAKBANK or the National Bank of Ras Al Khaimah (P.J.S.C), is one of the oldest banks in the UAE. As a member of the UAE Banking Federation (UBF), RAKBANK follows the Custom Charter as stipulated by the UBF and tries to encourage best practices in the financial services industry. With a Vision to ‘offer ‘simply better’ banking solutions to customers across the UAE’ and a Mission to ‘be the leading bank in the UAE by offering innovative and competitive products’, RAKBANK promises :