Personal Loans for Salaried Expats in Dubai 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 Dubai

2 types of personal loans are advanced by RAK BANK namely Personal loan and Amal Personal Finance, the latter being regulated by Islamic principles. Both types of loan have the same features as follows:

You need not maintain minimum balance in your checking account
Free insurance cover for a value equal to the loan amount
Free for life RAK Bank Debit card and personalized check book
Free Credit card with low interest rates
Free Amal Debit card and personalized check book
Free Amal Credit card with cashback options
Maximum loan amount possible is AED 500,000 or 20 times the salary whichever is less
After 6 months of regular repayment, you can request for a one month deferred payment
After regular repayments for one year, you can top up to the original value of the loan
Loan take-over from other banks
Simple documentation
Quick approval times

RAK BANK Expats Personal Loan in Dubai

National Bank of Ras Al Khaimah or RAK BANK is one of the leading banks in the UAE. Since its inception in 1976, the bank which had been focusing on corporate banking shifted its focus to small and retail enterprises. RAK BANK offers a wide range of financial products and services through its 34 branches in the UAE. Its Islamic banking unit, RAKBANK AMAL, delivers Shari’a compliant financial solutions to a large population. The bank has won many coveted awards and certifications for the best banking services and several other activities.

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.