RAK bank personal loan UAE Dubai Abu dhabi, Sharjah, Rasal Khaima Minimum Salary 3000 AED

Are you looking for RAK bank personal loan or any personal loan in Ras al khaima or any emirates in United Arab Emirates with best interest rates and minimum basic salary?

RAKLoan will be a best option. Get high Personal Loan amounts at low interest rates, with flexible repayment of up to 48 months for expatriates and UAE nationals. If you have minimum basic salary of 3000 AED you can apply for personal loan in RAK Bank

Hello You May also Like Compare Loan from Different Banks In UAE  or  Personal Loan Calculator

Minimum Salary AED 3000
Salary Transfer Yes
Maximum Term 4 Year
Introductory Offer No
Features:  Islamic Finance No
Flat Rate 3.3%
Reducing Rate 5.99%

Features of RAK Bank Personal loan

  • Minimum salary requirement to get personal loan in National bank of Ras al Khaima is AED 3,000 per month as per new bank policy.
  • Loan repayment period is up to 48 months. Up to AED 1,250,000 based on salary and length of services for Expats.
  • UAE National the loan can go up to 2,500,000.
  • For all customers Maximum loan amount is subject to 20 multiples of salary, up to 50% Debt Burden ratio.
  • Salary transfer require to apply for personal loan in RAK Bank
  • The processing fee is 1% of loan amount [Min AED 500; Max AED 2,500].
  • The early settlement fee is 1% of outstanding amount
  • You get life insurance free of charge.
  • The rate starts from 5.99% per annum based on reducing balance and may vary depends on customers basic salary.
  • The reducing rate of this finance is 5.99% and the equivalent flat rate is 3.30%. The calculation used is a division of the reducing rate by 1.814 and this is indicative only.
  • This rate is calculated on a reducing balance

RAK Bank Personal loan Key Features

Do you already have a Personal Loan with another bank in the UAE? Switch it to RAKBANK quickly and easily. After just six months of regular RAKloan repayments, you can apply for a one month deferred payment and after one year of regular RAKloan repayments you can top up your RAKloan to the original amount. You don’t have to maintain a minimum balance in your RAKloan account. Life insurance is available at a nominal cost.

  • Quick approvals
  • Competitive interest rates
  • Flexible repayment periods of up to 48 months
  • Top up loan after 1 year
  • Easy does it! Hassle-free loan takeovers from other banks
  • FREE RAKBANK Debit Card and personalized cheque book*
  • FREE RAKBANK Credit Card with no annual fee ever and low interest rates
  • 24-hour, 7-day Phone Banking services
  • Easy documentation

Document required for Personal loan in RAK Bank

  • Proof of identity
    • UAE National’s valid passport copy with last page
    • Expatriate’s valid passport copy with valid UAE Residence Visa
  • Latest salary certificate stating present salary, length of service and end of service benefits
  • Letter from current employer confirming salary transfer and benefits to Emirates NBD
  • Three most recent months bank statement confirming salary on certificate
RAK bank personal loan UAE Dubai Abu dhabi, Sharjah, Rasal Khaima Minimum Salary 3000 AED
Rate this post

6
Leave a Reply

avatar
6 Comment threads
0 Thread replies
0 Followers
 
Most reacted comment
Hottest comment thread
6 Comment authors
milinda kusal gunasekara.MY NEAM kulwant singhvenardWafa AbbasAsma Recent comment authors

This site uses Akismet to reduce spam. Learn how your comment data is processed.

  Subscribe  
newest oldest most voted
Notify of
milinda kusal gunasekara.
Guest
milinda kusal gunasekara.

hi
my name is MILINDA KUSAL GUNASEKRA.. my company is AL ACCAD DEPARTMENTS STORES.(ORGANIC)..
my salary is 4000.. so i want to know can i get lone?.
my mob number:0526750835.. please let me know.. Thanks!

MY NEAM kulwant singh
Guest
MY NEAM kulwant singh

hi sir my neam kulwant singh i need loan my salrey3040plus over time pear month comeing 3600 have possibal plz contact me my no 0558635997

venard
Guest
venard

hi im venard lace my salary is 3,150aed i want to have personal loan if im eligible to have?

Wafa Abbas
Guest
Wafa Abbas

Hi
My name Is WafaAbbas
I My selriy 3000 +over time
I need lon

Asma
Guest
Asma

My name is mohammed kassim my salary is 3000 dhs
I do not company accomodation only i have madical and transport
So there is any way to get the loan

Reply

tw841480947128139777
Guest
tw841480947128139777

Assalamu Alaikum,
Hamza Kumar Finance is a responsible finance provider offering cash loans minus the paperwork, long wait times, hidden fees and fine print.