RAKBANK Home Loans are the most flexible, affordable and easiest way to finance the purchase of property in Abu Dhabi, Dubai and Ras Al Khaimah. At RAKBANK we have a team of specialist home loan advisors who will provide you with dedicated and personal service and guide you effortlessly through the whole process.

• Variable Rate from Day 1 starting 3Months EIBOR + 0.99% to 3 Months EIBOR + 1.69% reducing rate p.a.
• Attractive option of 3 & 5 Years Fixed Rate for Salaried and Self-employed customers starting from 4.79% 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 Approvals (IPA) fees
• 0% Loan Processing Fees for Buyout Loans 
• 0.50% Loan Processing Fee for Salaried and Self Employed customers for Fixed Rates options of 3 years and 5 years
• 0.25% Loan Processing Fee for Salaried and 0.50% Loan Processing Fees for Self Employed customers for Variable Rate from day 1 loan
• 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*

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

• Low and affordable home loan interest rates
• Finance available on most ready projects with Title Deeds
• Flexible repayment periods for the home loans
• Minimum formalities and fast approvals
• High Home loan amounts
• Dedicated Relationship Manager to assist you with your requirements

Please spend a few minutes browsing our frequently asked questions for essential information on home loan.

For more information on our latest offers, please call us on 04 - 213 00 00 or email us at  [email protected]

• Home Loan available for below customer segments: 
  • Resident Expatriates 
  • GCC Nationals
  • UAE Nationals
  • Non Resident Individuals
• Available for Salaried and Self Employed Individual Customers for approved residential and commercial properties
• Minimum Income required for  Salaried Individuals AED 15,000 \ Month (Single and Joint Expats where one borrower’s salary has to be a minimum of AED 10,000) 
• Maximum Loan Amount up to up to AED 13 Mio for Salaried Individuals and AED 20 Mio for Self Employed customers

• No deferrals of instalments are allowed on this Loan.
• If you fail to make any payment due under the Loan 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 installments and other amounts due on the due dates without delay;
• Review this document and 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 loan prior to its maturity.

• The Bank may amend the features, fees, charges, terms & conditions of the Loan on 60 days’ notice to you in advance.
• The Bank may amend the interest rates for the Loan on 30 days’ notice to you in advance.