Personal Loan
RAKBANK · Personal Loan
Full decision data for this product is still being gathered. The key facts recorded so far are shown below.
Qrar360 Decision Brief
What is this product?
A Personal Loan from RAKBANK.
Key facts
RAKBANK Personal Loan for salaried employees of RAKBANK-approved employers. Interest rates range from 5.35% to 19.99% p.a. (reducing rate), with repayment terms of 12 to 48 months (up to 60 months for Ministry of Defence employees). Loans can be new, a top-up, or moved from another bank. Requirements include a minimum monthly salary of AED 5,000, salary transfer to RAKBANK, and a minimum AECB score of 541. The processing fee is 1.05% of the loan amount (minimum AED 525, maximum AED 2,625, including VAT).
Product Analysis
Not yet scored
This product does not have a published Qrar360 Score yet. A score is published only when enough of its facts are verified from official sources to meet our coverage and confidence thresholds. The recorded facts below remain discoverable and comparable.
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Availability by Country
- United Arab EmiratesAvailable
Provided By
This product is provided by . For the institution's licenses and regulatory status, see its profile page.
Sources & verification
Verified facts on this page are linked to their official sources.
Frequently asked questions
- Which countries is Personal Loan available in?
- Personal Loan is available in: United Arab Emirates.
