Get high Personal Loan amounts at low interest rates, with flexible repayment of up to 48 months for expatriates and UAE nationals (60 months for Armed Forces Staff).
Personal Finance loan available with high loan amounts and quick and easy approvals. No hidden charges or costs.
- Interest/Profit rate of 5.99%
- 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
- *A personalized chequebook subject to charges as per our Service & Price Guide. Loans are issued at the sole discretion of RAKBANK and are subject to Terms and Conditions.
Amount: The total amount of money borrowed, also referred to as the principal amount.
Rate (%): This is the annual interest flat rate on the product. This is not the APR, which is going to be calculated in this example.
Years: This is the original term or length of the product, stated in years.
Effective Monthly Payment: This is the effective monthly payment, which takes into consideration fees and other costs associated with this product. The effective monthly payment is the basis for the APR calculation.
Calculated Annual Percentage Rate (%): The calculated Annual Percentage Rate(APR) is determined using the annual interest rate on the product plus fees and other costs. The APR is useful when comparing two or more products with different interest rates and fee structures.