RAK Bank Cash Loan (Non-salary transfer)

Top reasons to choose

Get a high Cash Loan amount with no salary transfer required at competitive interest rates, with RAK Bank Cash Loan

  • Quick Approvals
  • Competitive Interest Rates
  • Easy does it ! Hassle-free loan takeovers from other banks
  • Simple and Easy documentation

Minimum Salary

AED 5000

Interest Rate

10.86% Reducing

Salary Transfer

Not Required

  • High Personal Loan amounts at low interest rates
  • Quick approvals
  • Competitive interest rates
  • Flexible repayment periods of up to 48 months for expatriates and UAE nationals (60 months for Armed Forces Staff)
  • Valid Emirates ID
  • Valid Passport and Visa
  • Bank Statement
  • Payslip or Salary Certificate
  • Additional documents as per need

If a customer borrows a loan of AED 20,000 and earns an income of AED 10,000. With a repayment period of 48 months, the EMI would be AED 470 at an effective interest rate of 13.99% per annum.

Total repayment that would have been paid at the completion of the loan would be AED22,540, The borrower would be paying AED 2,540 as interest.

Please use Gulf Finance’s EMI Calculator for further details.

Arrangement Fee: 1% of the finance amount

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    (Please do not apply if your Monthly Salary is less than AED 5000)

    RAK Bank Cash Loan (Non-salary transfer)

    Top reasons to choose

    Get a high Cash Loan amount with no salary transfer required at competitive interest rates, with RAK Bank Cash Loan

    • Quick Approvals
    • Competitive Interest Rates
    • Easy does it ! Hassle-free loan takeovers from other banks
    • Simple and Easy documentation
    • High Personal Loan amounts at low interest rates
    • Quick approvals
    • Competitive interest rates
    • Flexible repayment periods of up to 48 months for expatriates and UAE nationals (60 months for Armed Forces Staff)
    • Valid Emirates ID
    • Valid Passport and Visa
    • Bank Statement
    • Payslip or Salary Certificate
    • Additional documents as per need

    If a customer borrows a loan of AED 20,000 and earns an income of AED 10,000. With a repayment period of 48 months, the EMI would be AED 470 at an effective interest rate of 13.99% per annum.

    Total repayment that would have been paid at the completion of the loan would be AED22,540, The borrower would be paying AED 2,540 as interest.

    Please use Gulf Finance’s EMI Calculator for further details.

    Arrangement Fee: 1% of the finance amount