Personal Loans for Salaried Expats in Abu Dhabi from RAK BANK

Particulars

Amal Personal Loan for Expats

Amal Personal Finance for UAE Nationals

Personal Loan for Expats

Personal Loan for UAE Nationals

Profit Rate

5.5%

5.5%

5.5%

5.5%

Tenor

48 Months

48 Months

48 Months

48 Months

Minimum Salary

5000

5000

5000

5000

Arrangement Fee

1% Min 500 Max 2500

1% Min 500

Max 2500

1% Min 500 Max 2500

1% Min 500

Max 2500

Early settlement

1% of Balance

1% of Balance

1% of Balance

1% of Balance

Insurance Fee

None

None

None

None

Salary Transfer

Yes

Yes

Yes

Yes

Personal Loans for Salaried Expats from RAK BANK in Abu Dhabi

RAK Bank offers 2 types of personal loans:
Amal personal finance for both expatriates and UAE Nationals and governed by Islamic laws
Personal loan for expats and UAE Nationals (Non-Islamic)
Amal personal Finance
This loan offers some great perquisites such as free-for-life debit and credit cards and personalized check book. You don’t have to maintain a minimum balance in your checking account. The bank offers life insurance cover up to the value of the loan. If you are a regular borrower, you get a top-up facility and you could also transfer your old loans if any from other banks.
Personal loan for expats and nationals
This loan offers the same perks as above and in addition requires no minimum balance to be maintained in your checking account.
For both the above loans, you need to go through a very simple loan application procedure and can expect quick approval of the same.

Abu Dhabi – Employment and Labor Laws

Expats who wish to settle down in Abu Dhabi need to have a job throughout their stay. The Ministry of Labor in Abu Dhabi regulates employment in general and the relationship between the employer and the employee in particular. UAE Labor Law of 1980 clearly states that preference should be given to UAE Nationals and only if they are found not suitable for the job should it to be offered to foreigners.
To avail of a personal loan in Abu Dhabi from RAK BANK, fill in the form on this page and a representative will soon contact you to offer assistance.

Dubai – The Expatriate Base

Dubai has a large expatriate work force that has made it their home in the last several decades. The expat population contribute largely to the development of the financial segment of the UAE. It is amazing how an impoverished desert country was transformed into a modern state that offers a high standard of living to its residents, thanks to the discovery of oil resources almost four decades ago.
To avail of a personal loan in Dubai from RAK BANK, fill in the form on this page and a representative will soon contact you to offer assistance.