Already have a Personal Loan with another bank in the UAE? Switch it to RAKBANK quickly and easily. After just six months of regular RAKloan repayments, you can apply for a one month deferred payment and after one year of regular RAKloan repayments you can top up your RAKloan to the original amount. Keep it simple! You don’t have to maintain a minimum balance in your RAKloan account. Life insurance is available at a nominal cost.
- Quick approvals
- Competitive interest rates from 5.99%
- Flexible repayment periods of up to 48 months
- Top up loan after 1 year
- Easy does it ! Hassle-free loan takeovers from other banks
- FREE RAKBANK Debit Card and personalized cheque book*
- FREE RAKBANK Credit Card with no annual fee ever and low interest rates
- 24-hour, 7-day Phone Banking services
- Easy documentation
Other Details :
*A personalized chequebook subject to charges as per our Service & Price Guide. Loans are issued at the sole discretion of RAKBANK and are subject to Terms and Conditions.
Insurance is offered by RAK Insurance.