How to Get a Personal Loan from RAKBANK

Personal Loan up to 8 times your Salary

Personal Loan in UAE
  • Minimum Salary 5000 AED
  • EMI Tenure up to 48 Months
  • Lowest Interest Rates

Get personal loan at Lowest Interest Rate


Get personal loan at Lowest Interest Rate

  • Dubai
  • Abu Dhabi
  • Sharjah
  • Ras Al Khaimah
  • Ajman
  • Other

Do you have a hefty upcoming expenditure? Are you seeking options to borrow money? Then, you should consider applying for a personal loan in the UAE. A personal loan allows you to take care of your financial needs while repaying the same in affordable instalments. If you are weighing your options, RAKBANK offers some of the best offers on personal loan in the UAE.

Applying for a personal loan in RAKBANK

You can apply for a personal loan in RAKBANK via an offline or online platform

Applying for a personal loan in RAKBANK offline:

  • Find the nearest RAKBANK branch on the RAKBANK webpage
  • Visit the bank branch
  • Submit the duly filled personal loan form
  • Submit required documents

The bank will approve your loan and transfer the amount in a few working days

Applying for a personal loan in RAKBANK online:

  • Visit RAKBANK personal loan webpage
  • Locate the e-form on the right side of the page
  • Type in personal details such as name, address, email ID, contact number, and salary
  • Click on “Apply now”

RAKBANK executive will call you within 1 working day to complete your application

Applying online for a personal loan in RAKBANK via

You can receive a Personal loan in RAKBANK through an online platform via following these simple steps:

  • Fill in the preliminary e-form and click on “Submit”
  • Find RAKBANK in the personal loan quotations
  • Click on “Apply”

The experts at will contact you to guide you through the process and receive a personal loan easily.


  • Flexible Repayment
  • Top up on your existing loan
  • Transfer your personal loan from another bank to RAKBANK
  • Quick Approvals
  • Lower interest rates
  • Complimentary debit card
  • Complimentary cheque book
  • Free credit card with zero annual fee
  • 24/7 services on RAKBANK mobile app
  • Easy documentation
  • Insurance offered by RAK insurance

Finance Structure for RAKBANK Personal Loan



UAE Nationals


Maximum tenure

48 months*

48 months

First EMI payment

Up to 120 days

Up to 75 days

Rate of Interest

3.99% per annum

4.49% per annum

Arrangement Fee

1% of loan amount**

1% of loan amount

Liability Certificate

AED 100

AED 100

Early settlement of a loan

1% of the outstanding value or AED 10,000 whichever is lower


Part settlement charges

Part settlement charges 1% of the amount paid or AED 10,000 whichever is lower


Late payment of instalment

1st Instalment

2nd instalment

Subsequent instalment


AED 200

AED 200

AED 200

Loan re-scheduling fee

AED 250

Loan cancellation fee

AED 100

*Maximum tenor of repayment for armed forces staff is 60 months.

Please note that the minimum tenor for a personal loan is 12 months 

Documents required for Personal Loan in the RAKBANK

  • Address proof
  • Emirates ID
  • Valid passport
  • Visa (expatriate)
  • Salary certificate
  • Bank statement Security cheque
  • Trade license copy (if self-employed)

This list is not absolute and the bank may ask for more documents to verify and sanction your personal loan.


You are eligible to apply for personal loan in RAKBANK if you are:

  • UAE National or resident aged 21 or above
  • With a minimum salary of AED 5000

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