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Education Loan

Our Education Loan* has been designed with you in mind. You don’t need to worry about your child’s education expenses anymore. Whether your child is studying at any educational institution within the UAE or abroad, we‘ve got your back:

  • Loan amount up to AED 300,000 
  • Loan tenor up to 48 months
  • Competitive interest rates starting from 4.99%
  • Preferential currency exchange rates on remittances to foreign institutions 
  • Approved Credit Card for the parent with a supplementary card for the  student (15 years of age or older) 
  • A dual-currency prepaid card that supports your child’s expenses at foreign destinations (to be issued to the parent or the student aged 18 years or older)

*Education Loan is only available for salaried individuals whose salaries start from AED 10,000.

*Note: Verification Image text is case sensitive

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  • RAKdirect Number 600 54 4049
  • Phone Banking 042130000