Personal Loans for Salaried UAE Nationals 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 UAE Nationals from RAK BANK in Abu Dhabi

Expats and UAE Nationals are eligible for 2 types of personal loans from RAK Bank namely Personal loan and Amal Personal finance, the latter being regulated by Islamic principles. Some of the special features of these loans are:
Waiver of minimum balance in your salary account
Likelihood of a maximum amount of AED 500,000 as personal loan
Armed Forces Personnel get a repayment period of 60 months
Top up loan facility after one year if your repayments are regular
Free insurance cover for a value equal to the loan amount
Free for life RAK Bank Debit card and personalized check book
Low interest rates on free credit card that has no annual fees for life
After 6 months of regular repayment of the loan, you may request a one-month deferred payment
You can have your loan with other banks transferred to RAK BANK
Round-the-clock phone banking services
Simple documentation
Fast approval and disbursal of loan amount

RAK BANK UAE Nationals Personal Loan in Abu Dhabi

RAKBANK or national bank of Ras Al khaimah has its headquarters in Ras Al Khaimah. RAK BANK, also known as National Bank of Ras Al Khaimah has its headquarters at Ras Al Khaimah. One of the top leaders in the banking industry in the UAE, RAKBANK delivers corporate and retail financial products and services through a huge network of branches across the country. RAKBANK AMAL, the Islamic banking unit of RAKBANK, offers Shari’a-compliant products and services to the UAE Nationals. The bank has been honoured with many prestigious awards for exhibiting excellent performance in various banking activities.

Abu Dhabi – Official Language

A unique feature in Abu Dhabi is the diversity that can be found among its workforce that has migrated from all over the world. This is the main reason for the use of English as the major language of communication in offices along with Arabic, Hindi, Urdu and a few other Asian languages. Nevertheless, all official documents including University degree certificates and registration of marriages have to be translated into Arabic prior to their submission to government departments.
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.