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Home In One

Home In One a Mortgage Facility that pays you interest!


Save interest on your Home Loan with RAKBANK Home In One.
It combines your Current Account, Savings and Mortgage in a single, easy-to-manage account with a range of benefits. The more you deposit in your account the less interest you pay. 


Reduce your interest
Every deposit you make lowers your Mortgage interest payment.
Access your funds anytime
You can withdraw your available balance at any time, just like any current account
Low Cost Mortgage
Interest is calculated on your daily balances, reducing the effective rate of interest 
  • Home in One links your current account balances to your mortgage facility in order to reduce the mortgage balance you’re charged interest on. This will help reduce your mortgage payments each month.
  • Your low yielding deposits once placed in Home in One will yield the same rate as that on the Facility. Additionally you will have instant access to your funds.
  • Home in One is ideal for anyone buying a home whether for self-use or as an investment
  • The Account offers all facilities of a Current Account i.e. Debit Card, Cheque book, Internet and Mobile banking.

Use our calculator now to know how Home in One home loan can save you interest.

Still have questions? Click here to view the Frequently Asked Questions.

  • Variable rate from Day 1 starting from 3 Months EIBOR + 1.20%  to 3 Months EIBOR + 1.99% reducing rate p.a.
  • Attractive option of 3 & 5 Years Fixed Rates for Salaried and Self-employed customers starting from 4.69% p.a. to 5.49% 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 Approval (IPA) fees
  • 0% Processing Fee for buyout loans
  • 0.75% Loan Processing Fee for Salaried Customers and Self Employed Customers
  • Special discount on 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 till further notice on ready residential properties only

**The bundled credit card will be offered subject to availability in your debt-burden ratio (DBR)

  • Home in One is available for Resident Expatriates, GCC & UAE Nationals
  • Available for Salaried and Self Employed Individual Customers for approved residential and commercial properties
  • Minimum income required for Salaried Individuals is AED 15,000 \ month. Incase of Single and Joint Expats borrower's, one borrower’s salary has to be a minimum of AED 10,000.
  • Maximum Loan Amount up to AED 13 Mio for Salaried Individuals and AED 20 Mio for Self Employed customers
  • No deferrals of instalments are allowed on this Facility.
  • If you fail to make any payment due under the Facility or otherwise breach our terms, you will lose the property mortgaged to the Bank as a result of the mortgage enforcement proceedings that we may take.

You need to:

  • Pay all amounts due on the due dates without delay;
  • Review all other terms & conditions set out in the application form in detail;
  • Regularly check our website (www.rakbank.ae) for updates;
  • Notify the Bank in writing if there is a change in your employment or income details, contact details, residential status, identification details, financial details or any other material information as declared in the application form; and
  • Notify the Bank in writing if you wish to prepay your Facility prior to its maturity.
  • The Bank may amend the features, fees, charges, terms & conditions of the Facility on 60 days notice to you in advance.
  • The Bank may amend the interest rates for the Facility on 30 days notice to you in advance.



  • If you pay off the Facility prior to the due date, you will pay prepayment charges at the rates described in the Service and Price Guide.
  • If you are late in payment or fail to make a payment on the due date, you will pay default interest at the rates described in the Service and Price Guide.
  • If you fail to make a payment or otherwise breach the Facility terms, this will be a default and the Bank will be entitled, among other things, to:
    • (a) Apply a penalty interest of 2% per annum for non-compliance with the terms of the loan;
    • (b) Cancel the Facility and demand full repayment immediately;
    • (c) Report the default to the appropriate regulatory authorities including the UAE Central Bank, Al Etihad Credit Bureau and credit rating agencies, which will affect your credit rating;
    • (d) Bring legal proceedings against you and repossess the mortgaged property.


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