Quick, easy & convenient
Need a short-term loan? Get a high loan amount at competitive interest rates, without having to transfer your salary.
Interest rates starting from 14.99% reducing rate p.a.
| No salary transfer required Enjoy all the benefits from our Cash Loan without having to transfer your salary to us. |
| High loan amount High loan amounts up to AED 500,000 for UAE Nationals and AED 200,000 for Expat customers. |
| Affordable interest rates Attractive interest rates of 14.99% up to 22.49% per year means you’ll pay less over the tenure of your loan. |
| Quick and simple Our loan approvals usually take a short time, and combined with easy and hassle-free documentation, we’ll make sure you get the funds you need fast. |
Apply for your Cash Loan in a few simple steps
| Eligibility | Fees | Terms & Conditions |
|---|---|---|
|
Age: 21 years or older Residency: Salaried parent residing and working in the UAE Other Requirements: Minimum salary of AED 10,000 Salary transfer to RAKBANK is mandatory |
Processing fee* *Minimum of AED 525 and maximum of AED 2,625 (incl. VAT) For more details about our Personal Loan fees and charges, please refer to our Service and Price Guide. |
Education Loan is only available for salaried individuals whose salaries start from AED 10,000. The Bank may amend the features, fees, charges, terms and conditions of the Loan with 60 days’ notice to you in advance. The Bank may amend the interest rates for the Loan with 30 days’ notice to you in advance. Risks & Limitations Only 2 deferrals are allowed in a year, one month at a time, subject to a minimum of 6 instalments repaid since the loan or last deferral was availed. Instalment deferral cannot be given if payments are irregular or if there are 4 cheques / Direct Debit System (DDS) returns in the last 12 months or if the request does not meet the Bank’s internal risk policy requirements. |
