RAKBANK Cash Loan in UAE

Personal Loan in UAE

T&C Apply

  • Minimum Salary 5000 AED
  • EMI Tenure up to 48 Months
  • Lowest Interest Rates

Get personal loan at Lowest Interest Rate

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



Loan Amount

Up to AED 150,000 

Repayment Tenure 

Up to 48 months

Salary Transfer Requirement


Minimum Salary Requirement

AED 5,000*

The high living standards and advanced facilities of Dubai, Abu Dhabi, and other major locations in the Emirates are also matched by the high costs related to lifestyle and events. In such cases, availing of a personal loan in UAE to fulfil the obligation without depleting your savings could prove a wise decision. 

So whether it is a wedding, vacation plans, medical emergency, business expansion, or any other such personal requirement, you can turn to any of the personal loan options in the country. One of the most popular providers of the same is RAKBANK, which has a long track record of providing innovative and customised solutions to its customers. It also has a unique personal loan in UAE product in the form of a RAKBANK cash loan. 

Getting a RAKBANK cash loan is fairly easy, although you would still need to be aware of the eligibility criteria and other aspects related to this RAKBANK personal loan in UAE. Let’s have a look at the key features of the RAKBANK cash loan, its benefits, and how you can apply for it. 

*As applicable for RAKBANK personal loans in general. Actual income requirements for the cash loan can vary as per the applicant and the loan amount

Compare and apply best personal loan

 RAKBANK Cash Loan - Features & Benefits 

Discussed below are the key features and benefits of RAKBANK cash loan – 

  • Attractive Rates Of Interest - The impact of interest rate is directly observed on the instalment amount. With RAKBANK cash loan, this remains affordable as the bank provides a personal loan in UAE at low rates of interest that keep the overall cost of loan on the lower side. 
  • Easy Documentation - The documentation requirements for this type of RAKBANK personal loan are minimal. As a result, obtaining a personal loan in UAE becomes easy for applicants as they would need to provide only a few documents for the process, which means less hassle of arranging multiple documents.
  • Convenient Repayment - RAKBANK cash loan borrowers can repay the loan in manageable monthly instalments over a period of up to 48 months. Such a long loan repayment tenure ensures that the instalment amount for your personal loan in UAE stays low and doesn’t require you to minimise other spending.
  • Life Insurance - Besides the mentioned features that make it an attractive personal loan in UAE, a useful feature of RAKBANK cash loan is the provision for life insurance, which can be provided at the bank's discretion for a minimal fee. This insurance cover can protect the family of the borrower from the burden of debt in case the borrower passes away before the completion of the loan repayment.
5 Simple Steps to Getting an Urgent Cash Loan in Dubai

Eligibility Criteria for RAKBANK Cash Loan

The following are the eligibility requirements for applying for this RAKBANK personal loan –

Minimum Age at the Time of Applying

21 years

Maximum Age at the Time of Loan Maturity 



At least 6 months of service 

Document Required for RAKBANK Cash loan

You would need to provide the following documents to apply for the RAKBANK cash loan – 

  • Security cheque
  • Copy of Emirates ID
  • Salary certificate or payslips 
  • Completed application form
  • Passport copy (must have a valid Visa page)

Note: Depending on the applicant's profile, the bank may request additional documents at its discretion

Apply best personal loan to get rid of financial problems

How to Apply for RAKBANK Cash Loan?

Applying for a RAKBANK cash loan is fairly straightforward. You can visit the official website of RAKBANK, select the option for personal banking, and visit the ‘loans’ section to find the RAKBANK cash loan. Fill up the brief form present on the page with the required details to have the bank contact you regarding the subsequent steps to be completed. 

If you wish to check the RAKBANK personal loans, you can directly visit Policybazaar UAE. The process is again easy here, as you can go to policybazaar.ae and find the ‘Personal Loans’ option under the ‘Banking Products’ tab on the homepage. Here, you can access the quotes page after filling out the lead form and submitting it. You can then explore and compare the array of options regarding personal loan in UAE and apply for the most suitable one. 

Here are the major benefits of applying for a personal loan in UAE with Policybazaar UAE – 

  • Best personal loan plans from the top banks and providers in the UAE
  • Various discounts and offers across the year for the best prices
  • Easy-to-use platform to compare the available plans in-depth
  • Excellent customer care team to get assistance at any time any day
  • Option to connect with experts for financial advice 


Can I avail RAKBANK personal loan without salary transfer?

Yes, you can get a RAKBANK personal loan like the RAKBANK cash loan without transferring your salary. However, keep in mind that each type of personal loan will have its own requirements

Do I get any insurance cover for my RAKBANK cash loan?

Yes, as per the bank's guidelines, you will receive life insurance at a low cost. This insurance policy covers the outstanding loan amount in the event of the death of the borrower so that their family is not burdened with the remaining loan.

What is the use of the RAKBANK loan calculator?

RAKBANK personal loan calculator is a useful tool for calculating the applicable monthly instalment amount for your personal loan plan.

Can I make an early settlement of a RAKBANK loan?

Yes. RAKBANK personal loans can be settled early (fully or in part) before the due date. You will, however, be required to pay a portion of the early settlement price, which is 1% of the outstanding balance or AED 10,000 whichever is lower.

Can I reschedule or cancel my personal loan?

Yes, you can reschedule the payment of your personal loan or even cancel it. However, keep in mind that the applicable fees for rescheduling and cancellation of a RAKBANK personal loan are AED 250 and AED 100, respectively.

What is the annual fees for RAK bank credit card?

The RAKBANK credit card that comes with the approval of a RAKBANK personal loan has no annual fees.

Reviews & Ratings

4.6 / 5 (based on   13,000 +google icon reviews)
More From Personal Loans
Recents ArticlesPopular Articles