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Flexible, affordable, and hassle-free: RAKislamic Home Finance is the most flexible and affordable way to purchase property in Abu Dhabi, Dubai, and Ras Al Khaimah.

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<ul>
<li style="font-weight: 400;" aria-level="1">If you pay off the Finance prior to the due date, you will pay prepayment charges at the rates described below.</li>
<li style="font-weight: 400;" aria-level="1">&nbsp;If you are late in payment or fail to make a payment on the due date, you will pay default profit at the rates described below.</li>
<li style="font-weight: 400;" aria-level="1">&nbsp;If you fail to make a payment or otherwise breach the Finance terms, this will be a default and the Bank will be entitled, among other things, to:</li>
</ul>
(a)&nbsp; Cancel the Finance and demand full repayment immediately;
(b)&nbsp; Report the default to the appropriate regulatory authorities including the UAE Central Bank and Al Etihad Credit Bureau and credit rating agencies, which will affect your credit rating;
(c)&nbsp; Bring legal proceedings against you and repossess the mortgaged property.

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Step into your dream home with RAKBANK's Amal Home Finance. Check for advantages, key terms and conditions from RAKislamic. Get your home loan solutions.


RAKBANK Amal Home Finance in UAE | RAKislamic

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In line with the UAE&rsquo;s Value Added Tax (VAT) implementation from 1st January 2018, VAT at the rate of 5% will be levied on RAKBANK&rsquo;s fees and charges specified herein, wherever applicable and as per UAE law.

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