Get high Personal Loan amounts at low interest rates, with flexible repayment of up to 48 months for expatriates and UAE nationals (60 months for Armed Forces Staff).

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.

Features :

  • 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.