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RAKBANK Home Loans are the most flexible, affordable and easiest way to finance the purchase of property in Abu Dhabi, Dubai, Sharjah 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 3 Months EIBOR + 0.99% to 3 Months EIBOR + 1.79% reducing rate p.a.
  • Attractive option of 3 & 5 Years Fixed Rate for Salaried and Self-employed customers starting from 3.98% p.a. to 5.99% reducing rate p.a. Follow on rates after expiring the fixed rate period starting from 3 Months EIBOR + 1.65% to 3 Months EIBOR +2.39%
  • 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 2,350 + VAT
  • Attractive discounts on Life Insurance at 0.0242% p.m. + VAT as applicable
  • 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  mortgages@rakbank.ae

  • 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.

Important Information:

EIBOR Rates are updated four times a year on the first Business Day of every January, April, July and October months if your Mortgage Loan is based on 3 Months EIBOR + Margin. For Loans based on 6 and/or 12 Months EIBOR + Margin, rates are updated two times a year on the first Business Day of every January and July months. Communication is sent to you post the change in EMI on account of change in applicable EIBOR Rate. 

To know more about the EIBOR Rate or to know the EIBOR Rate movements please refer to: https://www.centralbank.ae/en/forex-eibor/eibor-rates  



  • If you settle your loan before the availed tenure, you will pay prepayment charges at the rates described in the Service & 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 & Price Guide.
  • If you fail to make a payment or otherwise breach the Loan terms, this will be a default and the Bank will be entitled, among other things, to:
    • (a) Cancel the Loan and demand full repayment immediately;
    • (b) Report the default to the appropriate regulatory authorities including the UAE Central Bank and Al Etihad Credit Bureau and credit rating agencies, which will affect your credit rating;
    • (c) Bring legal proceedings against you and repossess the mortgaged property.


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