Top Personal Loans
RAKBANK Personal Loan
- Repayment period is up to 4 years
- The loan is provided for a interest rate of 5.99%
- Minimum salary of AED 3,000 is required
- The reduction rate and the flat rate is 5.99% and 3.3%. This denotes that the computation done was a division of the reduction rate by 1.815
- It is mandatory to transfer your salary to apply for this scheme
- Finance up to AED 1,500,000
- Early settlement fee is 1% of finance amount
- Arrangement fee is 1% of loan amount
- Can get up to AED 1,500,000 loan amount
- Takaful is provided free along with this scheme
- Repayment period is long
Frequently Asked Questions
Q. Can I transfer my existing personal loan to the RakBank?
A. Yes, you can transfer your existing personal loan to the RAKBank.
Q. Can I skip any installments?
A. Yes, you can skip your monthly installments, but have to bear the installment deferment fees of AED 100.
Q. Are there any late payment fees involved?
A. Yes, on delayed payments you need to pay 2% of the amount delayed.
Q. Is the credit card provided for free?
A. Yes, you get a free credit card with zero annual fees for lifelong.
Q. What are the charges to get a liability certificate?
A. To get a liability certificate you need to pay AED 100.