Made for students. Designed for parents.
We’ve designed the perfect loan to support your child’s education in the UAE or abroad.
Featured interest rate 5.14% reducing rate p.a.
| High loan amount Our Education Loan comes with a maximum loan amount of up to AED 300,000. Start your child’s academic year with confidence knowing that the funds are readily available. |
| Competitive interest rates Competitive interest rates starting from 4.99% means you’ll pay less over the life of your loan. |
| Flexible loan tenure Our Education Loan can be availed with tenures of up to 48 months, giving you time to manage your budget more comfortably. |
| Preferential exchange rates Enjoy the added benefit of preferential currency exchange rates when you remit to foreign institutions. |
Set up your child’s future success today
| Eligibility | 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 |
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. |
