RAKBANK Green Loans initiative

If you are in Ras Al Khaimah and – like us – working towards a greener planet, you can now pick your favorite ride from a variety of Electric and Hybrid vehicles available with any of the dealerships in the Emirate. 

Benefits include:

• Rates as low as 1.59% p.a. to 3.45% (flat)*
• Exclusive discounts on insurance rates
• Quick processing 
• Easy documentation.
• 1% Loan Processing Fees (Min AED 500 Max AED 2,500) will be applicable 
• Offer is valid till 30th June 2022.

For more details, please click here.

To Go Green is a decision, and we made it easier for you with our Green Mortgage Loans available exclusively to salaried and self-employed customers who wish to buy a ‘BARJEEL’ certified home within the Emirate of Ras Al Khaimah.

 Benefits include: 

• Variable Rate from Day 1 starting 3M EIBOR + 1.59% to 3M EIBOR + 1.89% p.a. (reducing rate)
• Attractive option of 1, 3, 5,7 and 10 Years Fixed Rate for Salaried and Self-employed customers starting from 2.74% p.a. to 5.00% reducing rate p.a. Follow on rates after expiring the fixed rate period starting from 3 Months EIBOR + 1.79% to 3 Months EIBOR +2.19%
• No In Principle Approvals (IPA) fees 
• 0% Processing Fee for Buyouts loans
• 0.15% Loan Processing Fee for Salaried Customers and 0.35% for Self Employed Customers for Variable Rate from Day 1 loans.
• 0.25% Loan Processing Fee for Salaried Customers and 0.50% for Self Employed Customers for Fixed Rate Loans.
• Special discounted evaluation fees of AED 1,850 
• Attractive discounts on Life Insurance at 0.0242% p.m. + VAT as applicable
• Bundled Emirates Skywards World Elite Credit Card offered with the loan**
• Offer is valid for all loans disbursed prior to 31^st May 2022.

Option to avail Home In One and Standard Mortgages, Variable Rate from Day 1 can be availed via a Standard Mortgage Loan only

For more details, please click here.

Pave your way towards huge energy savings and costs! 

Easy loan options for environmentally friendly purchases like Solar panel and energy efficient products and appliances for your home.

 Benefits include:

• Exclusive rates as low as 4.24% p.a. to 15.75% p.a. (reducing)
• Flexible repayment periods of up to 48 months
• Discounted Processing Fees & Life Insurance Fees applicable to UAE National customers
• Simple documentation.
• 1% Loan Processing Fees (Min AED 500 Max AED 2,500) will be applicable.
• Offer is valid till 30th June 2022.

For more details, please click here.

• If you do not keep up your repayments/payments, you may lose your property / the bank might cancel the loan and demand full repayment immediately. 
• You may have to pay penalties if you pay off a loan/financing early. 
• If you do not meet the repayments/payments on your loan/financing, your account will go into arrears. This may affect your credit rating, which may limit your ability to access financing in the future.