We’ve got your back
Instant Money lets you borrow over and above your existing Rakbank credit card limit, based on your current salary.
The amount is repaid in equal monthly instalments.
Clear rates. No surprises.
With a one-time processing fee of just 1% on the loan amount, and an interest rate of 2% reducing balance per month, you'll always have a clear picture of what you owe.
Flexible repayment, on your terms
No salary transfer required. Borrow with interest rates calculated on your average daily balance, and repay over up to 48 months. Available for expatriate salaried customers.
You can borrow up to 10 times your salary (income proof required), and this can be above your existing credit limit.
Top-up your Instant Money loan
Need more funds? As an existing Instant Money customer, you can top up your loan at any time.
Approval in 3 business days
Your Instant Money loan is subject to our approval and will be issued within 3 business days of signing the application form and submitting the required documents.
Required documents include:
- Signed Instant Money application form
- Valid passport copy, including the page with your visa
- Proof of income statement
- Bank statement for the last 3 months
- Undated security cheque
Apply for Instant Money
We're just an email or SMS away.
Our sales officer will reach out to you within 2 working days.
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Get quick answers to your queries.
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