RAK Personal Loan for Expats
Turn plans into reality with low-Interest, flexible loan
Introduction
We make it happen. Be it a wedding, a holiday, unexpected expenses or switching your loan from another bank, our Personal Loan provides high loan amounts at low interest rates, with flexible repayments of up to 48 months for expatriates.
Key Features
Benefit from swift approval of your Personal Loan application. You’ll have your loan issued within 7 days of submitting your request, subject to submitting all required documents as per the product requirements.
If you already have a Personal Loan with another bank in the UAE, you can switch it to RAKBANK quickly and easily.
After one year of regular repayments on your Personal Loan, you can apply to top it up to the original amount.
Interest rates range from 5.49% to 19.99% reducing rate p.a., Check out our loan calculator tool to find out your monthly loan instalment. *Rates are subject to change based on market conditions from time to time.
Additional Benefits
Interest rates starting from 5.49% reducing rate p.a.
Apply for RAK Personal Loan for Expats
Apply here
Eligibility
21 years or older
Salaried expatriate, residing and living in the UAE
End-of-service benefits and salary transfer to RAKBANK is required until the repayment of your Personal Loan is completed
Minimum Al Etihad Credit Bureau (AECB) score of 541
Customer must be employed with a RAKBANK-approved employer
Minimum monthly salary of AED 5,000