The RAKBANK Home Loan provides financing for residential and commercial properties in Abu Dhabi, Dubai, and Ras Al Khaimah. Borrowers benefit from competitive reducing APRs, high maximum loan amounts, and dedicated advisory services.
It is designed to meet the needs of both salaried and self-employed individuals, as well as residents and non-residents.
Is RAKBANK a good bank?
RAKBANK, also known as the National Bank of Ras Al Khaimah, is a licensed and regulated financial institution under the Central Bank of the UAE.
The bank is well established, offering a range of personal and business banking services, including transparent mortgage loan options for residents and expatriates.
Main characteristics of RAKBANK Home Loan
- APR starting from 3.89% reducing p.a. (fixed for 2 years)
- Repayment terms of up to 25 years
- Loan amounts up to AED 13 million (salaried) and AED 20 million (self-employed)
- Available to UAE nationals, GCC nationals, expatriates and non-residents
- Minimum down payment starting from 20%
Disadvantages
- High minimum income requirements (AED 15,000 for salaried, AED 10,000 for expat borrowers)
- Down payment increases to 30% for properties valued at AED 5 million or more
Here is advice for you
Prospective borrowers should carefully evaluate their repayment capacity and ensure compliance with RAKBANK’s eligibility criteria before applying.
It is also important to review long-term affordability, as home loans can extend up to 25 years.
Requirements to apply for this loan
- Minimum age: 21 years
- Minimum income: AED 15,000 for salaried / AED 10,000 for expat joint borrowers
- Valid Emirates ID and UAE residence visa (for residents)
- Open to UAE nationals, GCC nationals, resident expatriates, and non-residents
المتطلبات للتقديم على هذا القرض
- العمر الأدنى: 21 سنة
- الحد الأدنى للراتب: 15,000 درهم للموظفين / 10,000 درهم للمغتربين المشتركين
- بطاقة هوية إماراتية وتأشيرة إقامة سارية (للمقيمين)
- متاح للمواطنين الإماراتيين ومواطني مجلس التعاون الخليجي والمقيمين والمغتربين غير المقيمين
How to apply for the loan
- Visit the RAKBANK official website or branch to submit an application
- Provide the completed application form and required documents (Emirates ID, passport, proof of income)
- Pay the minimum down payment as per property value
- Await the bank’s credit assessment and approval decision
Apply for your Loan
The RAKBANK Home Loan offers property buyers flexible repayment terms and access to high financing limits.
Applications can be completed online or through direct consultation with RAKBANK advisors.
Disclaimer/إخلاء المسؤولية
This content is for informational purposes only and is not issued or endorsed by RAKBANK. All terms and rates are subject to change and regulatory approval. Please refer to the bank’s official website and Key Facts Statement for the most accurate and updated information.
هذا المحتوى لأغراض إعلامية فقط ولم يصدر أو يتم اعتماده من قبل بنك رأس الخيمة الوطني (RAKBANK). جميع الشروط والأسعار قابلة للتغيير وتخضع لموافقة الجهات التنظيمية. يرجى الرجوع إلى الموقع الرسمي للبنك وبيان الحقائق الرئيسية للحصول على المعلومات الدقيقة والمحدثة.