RAK Bank Personal Loan | MoneyCamel

RAK Bank Personal Loan

RAK Bank

RAK Bank Personal Loan

Salary Transfer Loan
CAMEL VIEW
  • Free RAKBANK Debit Card, personalized cheque book & Credit Card.
  • Low interest rates starting at 8.99% p.a.
FEATURES
Interest/Profit Rate 
8.99 % p.a.
Maximum Loan Amount 
AED 650,000
Maximum Loan Tenure 
48 Months
Minimum Monthly Income/Salary 
AED 5,000
Profession 
Salaried
Salary Transfer Mandatory 
Yes
Minimum Tenure in Employment 
6 Months
FEES & CHARGES
Late Payment Fees 
AED 300
Early Repayment Fee 
1 % of Loan Outstanding
Rescheduling Fee 
AED 250
Installment Deferment Fee 
AED 100
Liability/No Liability Charges 
AED 100
Processing Fee 
AED 500
ADDITIONAL INFORMATION

Interest rates start from 8.99% p.a. and go up to 15% p.a.

Top up loan available after 1 year.

Free RAKBANK Debit Card and personalized cheque book.

  • It is a requirement to transfer your salary to apply.
  • The early settlement fee is 1% of outstanding amount.
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