Credit Bureau Consent, Welcome Offer & General Terms & Conditions

I hereby acknowledge and agree to allow Citibank to share my details with any UAE credit bureau and make enquiries about me with any UAE credit bureau at its sole and absolute discretion. I agree to the Terms and Conditions listed below. Citibank Terms and Conditions apply, are subject to change without prior notice and are available upon request. For the current Terms and Conditions, please visit our website www.citibank.ae. All offers are made available on a best-effort basis and at the sole discretion of Citibank, N.A. Citibank, N.A. makes no warranties and assumes no liability or responsibility with respect to the products and services provided by partners/other entities. By inquiring about our services, offers or products, you will be authorizing our representatives to approach you on your contact details including your telephone/mobile number for any product or service offered by Citibank. The applicant agrees to be bound by Citibank’s General Terms and Conditions available on the website www.citibank.ae. The applicant hereby represents and warrants that the information provided herein is true, accurate, and complete and that he/she agrees to remain responsible for and to indemnify Citibank, N.A. from and against any losses, claims and/or liabilities incurred by Citibank NA as a result of having relied on such information. Citibank, N.A. is not required to verify the information provided by the applicant and neither is the bank obliged to provide the applicant with any loans or credit facilities based on the provided information. The products and services mentioned on this website are not offered to individuals resident in the European Union, European Economic Area, Switzerland, Guernsey, Jersey, Monaco, San Marino, Vatican, The Isle of Man or the UK. This page is not, and should not be construed as, an offer, invitation or solicitation to buy or sell any of the products and services mentioned herein to such individuals.

MyMoneySouq Page Rating

1 People rated this page

Rakbank Cash Loan in UAE

Rakbank Bank

Cash Loan in UAE

Minimum Salary

AED 5K

Flat Rate

5.99%

Reducing Rate

10.86%

Loan Amount

AED 150K

Early Settlement Fee

1%

Arrangement Fee

1%

Advantages

  • Salary Transfer is not required
  • Low minimum salary
minimum salary

AED 5K

Minimum Salary

flat rate

5.99%

Flat Rate

reducing rate

10.86%

Reducing Rate

max finance

AED 150K

Loan Amount

early settlement fee

1%

Early Settlement Fee

arrangement fee

1%

Arrangement Fee

Advantages

  • Salary Transfer is not required
  • Low minimum salary

View details on bank page

Features

  • Competitive interest rates
  • A repayment period of 48 months is provided
  • A minimum salary of AED 5000 is needed
  • The fixed interest rate of 5.99% is charged
  • A reducing interest rate of 10.86% is charged
  • A maximum loan amount of AED 150,000 is provided
  • 1% early settlement fee is charged
  • 1% processing fees are charged

Benefits

  • High finance is provided as a cash loan
  • No salary transfer is required
  • Can easily repay by direct debit from salary account
  • Hassle-free documentation
  • Provides phone banking service

Frequently Asked Questions

Q. Is there any collateral need to provide for the RAKBANK cash loan?

A. No. There is no collateral required. The applicant should provide security cheques though for the cash loan.

Q. What is the minimum length of service required to be eligible for a RAKBANK cash loan?

A. The minimum length of service required for the cash loan is 6 months.

Q. Is there any insurance provided on the RAKBANK cash loan?

A. Yes. Life insurance is provided on the cash loan by RAK Insurance on a nominal charge.

Q. Is RAKBANK cash loan for expats also?

A. Yes. RAKBANK cash loan is provided for expats in the UAE.

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. It works with a vision to provide ‘simply better’ financial solutions to its customers in and around the UAE’ and a Mission to be the leading bank in the UAE by offering best products.

   Get in touch with Rakbank Customer Care

×

Free for Life Cashback Card with 20% Cashback*