#Banking&U

31 Oct 2016

5 reasons why you should select RAKBANK’s Home in One

by RAKBANK

When you are looking to purchase property in the UAE, selecting the right home loan begins by fully understanding the scope of the loan facility that your bank provides and the benefits that you gain. With that in mind, RAKBANK launched the "Home in One" that is the first home loan in the UAE that actually pays you interest. Furthermore, what makes "Home in One" so unique is that it combines the benefits of a current account with a home loan facility, clubbed together into one product.  

 

 

Here are five reasons why "Home in One" is the best option for you: 

 

1.    Low cost home loan: Buying property is a huge financial commitment. Search for the home loan solution that you can benefit from the most. RAKBANK's Home in One not only offers competitive interest rates that start at 3.49% per year but also gives you an interest benefit, by simply depositing your savings in the Home in One Account. The higher the account balance, the lesser interest you pay on the home loan facility every month thereby reducing your effective rate of interest.

 

2.    Pay off your loan much sooner: Every deposit you make in the Home in One account lowers the interest payments, thereby reducing the loan tenor.

 

3.    Easy access to your funds: You have the flexibility to withdraw the available balance at your convenience at no extra cost.

 

4.    No fixed monthly repayments: Every deposit you make lowers the interest payments hence reducing your monthly pay-outs. 

 

5.    Ability to use the Home in One account for all your daily banking needs: You can use Home in One account for all your daily banking needs like transferring your salary, maintaining your savings, withdrawing cash, paying your bills with all the facilities of a current account such as Debit Card, cheque book, and access to Online and Mobile banking applications. 

 

Additionally, salaried and self-employed UAE residents can currently apply for Home in One to purchase or refinance residential property.

 

Terms and Conditions apply.

 


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5 reasons why you should select RAKBANK’s Home in One

31 Oct 2016

Tags :

When you are looking to purchase property in the UAE, selecting the right home loan begins by fully understanding the scope of the loan facility that your bank provides and the benefits that you gain. With that in mind, RAKBANK launched the "Home in One" that is the first home loan in the UAE that actually pays you interest. Furthermore, what makes "Home in One" so unique is that it combines the benefits of a current account with a home loan facility, clubbed together into one product.  

 

 

Here are five reasons why "Home in One" is the best option for you: 

 

1.    Low cost home loan: Buying property is a huge financial commitment. Search for the home loan solution that you can benefit from the most. RAKBANK's Home in One not only offers competitive interest rates that start at 3.49% per year but also gives you an interest benefit, by simply depositing your savings in the Home in One Account. The higher the account balance, the lesser interest you pay on the home loan facility every month thereby reducing your effective rate of interest.

 

2.    Pay off your loan much sooner: Every deposit you make in the Home in One account lowers the interest payments, thereby reducing the loan tenor.

 

3.    Easy access to your funds: You have the flexibility to withdraw the available balance at your convenience at no extra cost.

 

4.    No fixed monthly repayments: Every deposit you make lowers the interest payments hence reducing your monthly pay-outs. 

 

5.    Ability to use the Home in One account for all your daily banking needs: You can use Home in One account for all your daily banking needs like transferring your salary, maintaining your savings, withdrawing cash, paying your bills with all the facilities of a current account such as Debit Card, cheque book, and access to Online and Mobile banking applications. 

 

Additionally, salaried and self-employed UAE residents can currently apply for Home in One to purchase or refinance residential property.

 

Terms and Conditions apply.