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.

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Rakbank Salary Advance in UAE

Rakbank Bank

Salary Advance in UAE

Minimum Salary

AED 5K

Early Settlement Fee

1%

Advantages

  • Apply easily online
  • Can renew it easily
minimum salary

AED 5K

Minimum Salary

early settlement fee

1%

Early Settlement Fee

Advantages

  • Apply easily online
  • Can renew it easily

View details on bank page

Features

  • A maximum repayment period of 12 months is provided
  • Minimum interest of AED 50 is charged per month
  • The applicant must have transferred last 3 month salary to RAKbank to be eligible for salary advance
  • Salary transfer is mandatory
  • Interest rate of 18% per annum is charged
  • AED 200 is charged for loan arrangement fee
  • AED 5000 is the minimum salary required to get RAKBANK salary advance

Benefits

  • Can get salary advance
  • High finance is provided
  • Low interest rates
  • Can apply for salary advance even through RAK direct, Mobile banking or Phone Banking services
  • Get renew the loan easily by paying the nominal fee of AED 200

Frequently Asked Questions

Q. Do I need to be an existing RAKbank customer to get RAKBank Salary Advance?

A. Yes. Only existing customers who have been transferring salary for at least the last 3 months are eligible.

Q. Even companies can apply for RAKBank Salary Advance?

A. Yes. Both personals and companies can apply for RAKBank Salary Advance.

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.

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