Product details
What you need to know
What to check
Understand RAKBANK Personal Loan
RAKBANK Personal Loan is a personal loans product from RAKBANK. Compare the reducing rate or APR, monthly payment, processing fee, early settlement charge, salary rule and total repayment.
Published details
- Minimum Salary: AED 5,000
- Salary Transfer Required: Yes, until the loan is repaid
- Product Type: Personal loan
- Pricing: Rate and repayment terms are disclosed in RAKBANK's individual offer
- Minimum Age: 21 years
- Eligibility: Salaried UAE-resident expatriate employed by a RAKBANK-approved employer with minimum AECB score 541
- Reducing Interest Rate: 4.99% to 19.99% p.a.; final offer depends on eligibility
- Representative A P R: 6.015% in the KFS illustration
Offers and eligibility can change. Check the linked official page and any key facts statement or schedule of charges before applying.
Simple guide
Should you consider this?
Consider this if
- ✓Your salary is at least AED 5,000
- ✓You want miles, travel benefits
- ✓You want an official source link
- ✓You prefer higher-confidence source data
Compare more if
- ×You may carry unpaid balance month to month
- ×You do not meet the listed salary requirement
- ×You need a different reward type
Source proof
Important fields with sources
| Field | Value | Source | Confidence |
|---|---|---|---|
| Minimum salary | AED 5,000 | Official page | High |
| Source confidence | High | Official page | High |
| Last checked | Recently checked | Official page | High |