Featured profit rate

Green Mortgage Finance

Fulfil your dream to buy a BARJEEL-certified home



Fees

2.89% (salaried) to 3.55% (business)
 flat rate p.a.

Profit rates starting from

Green Auto Finance

Go green and switch to an electric or hybrid car

Due diligence, documentation and processing fees for handover and buyouts

Green Mortgage - Processing fees for handover and buyouts

Green Mortgage Finance - feature card - Flexible payment options

We understand that buying a home can pose significant financial challenges. That’s why we offer flexible payment periods of up to 25 years so that you can rest assured the finance works within your budget and needs.

Flexible payment options

Due diligence, documentation and processing fees for self-employed customers

Gree Mortgage - Processing fees for self-employed customer

Green Mortgage Finance - Hero Banner

Green Mortgage Finance - Move in to your dream green home

Finance Features

To go green is a decision, and we&rsquo;ve made it easier for you to own your dream home. Our Green Mortgage Finance is available exclusively to salaried and self-employed customers who wish to buy a BARJEEL-certified home within the Emirate of Ras Al Khaimah.

Move in to your dream green home

<ul>
<li>No In-Principle Approval (IPA) fees</li>
<li>0% due diligence, documentation and processing fees for handover and buyouts</li>
<li>Due diligence, documentation and processing fees of 0.50% for salaried customers and 0.75% for self-employed customers</li>
<li>Reduced evaluation fee</li>
<li>Attractive discounts on Life Takaful</li>
</ul>

Green Mortgage Finance - Benefits - Benefit Card

Benefits of a Green Mortgage

Green Mortgage Finance - Benefits - Benefits of a Green Mortgage

Profit rate starting from

RAKislamic initiates green finance options with sustainable choices. Get attractive interest rates for auto, personal, etc. green financial options in UAE.


Types of Green Finances | RAKislamic

Green Personal Finance

Use our branch and ATM machine locator to find the nearest RAKBANK facility to you within the Middle East, in just a few clicks. Timings are available too.


RAKBANK Branches And ATM Machines Near Me In UAE

Branches & ATMs

Green Mortgage Finance - feature card - Minimum formalities, fast approvals

The road to owning your home can be daunting. That’s why we’ve streamlined the process to make it easy and stress-free. Instead of spending months on paperwork and waiting around for an answer, you will be enjoying your new place faster than ever before! 
The average processing time is around 14 days.

Minimum formalities, fast approvals

Minimal formalities, fast approvals

Eligibility

In Page Floating Menu

No approval fees

EIBOR Rates are updated four times a year on the first business day of every January, April, July and October months if your Mortgage Finance is based on 3 months EIBOR + Margin. For Finances based on 6 and/or 12 Months EIBOR + Margin, rates are updated two times a year on the first business day of every January and July months. Communication is sent to you post the change in EMI on account of change in applicable EIBOR Rate.&nbsp; To know more about EIBOR Rates or to know the EIBOR Rate movements, please refer to: <a href="https://www.centralbank.ae/en/forex-eibor/eibor-rates">https://www.centralbank.ae/en/forex-eibor/eibor-rates</a>&nbsp; Key Terms and Conditions
<ul dir="ltr">
<li style="text-align: justify;">The Bank may amend the features, fees, charges, terms and conditions of the Finance with prior notice of 60 days to you.</li>
<li style="text-align: justify;">The Bank may amend the profit rates for the Finance with 30 days&rsquo; notice to you in advance.</li>
</ul>
 Warnings
<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 in the Service &amp; Price Guide.&nbsp;</li>
<li style="font-weight: 400;" aria-level="1">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 in the Service &amp; Price Guide.</li>
<li style="font-weight: 400;" aria-level="1">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) cancel the Finance and demand full payment immediately
(b) report the default to the appropriate regulatory authorities and credit rating agencies, which will affect your credit rating
(c) bring legal proceedings against you and repossess the mortgaged property.

Important Information

AED 50,000-above

Terms and Conditions

Green Mortgage Finance - Hero Item

Terms and Conditions Notification

Green Mortgage Finance - Benefit Card Container

Terms And Conditions

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Green Mortgage Finance - feature card container

You’re closer to your Green Finance than you think 

Green Mortgage Finance - You’re closer to your Green Finance than you think 

Green Mortgage Finance - Help Card

AED 5,000-19,999

AED 10,000-14,999

AED 20,000-49,999

Call Me Back Option - Islamic Finance

Submit your details and we’ll be in touch soon

Call me back

Tabbed Box

<ul>
<li>UAE nationals, GCC nationals, or UAE residents</li>
</ul>

Residency

Flexible payments (up to 25 years)

Green Mortgage Finance - Upgrade your experience

Upgrade your experience

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Due diligence, documentation and processing fees for salaried customers

Green Mortgage - Processing fees for salaried customers

Green Mortgage Finance - Wrapper - Benefit card

Purchase a property under single or joint names

Green Mortgage Finance - feature card - Single or joint ownership

With the single or joint ownership option, you can purchase your dream BARJEEL property in the name of one or two individuals without compromising on convenience or affordability. 
When you opt for joint ownership, our Green Mortgage Finance allows you to share the costs with another borrower - providing flexibility and security to both parties.

Single or joint ownership

With Salary Transfer

Monthly salary

<ul>
<li style="font-weight: 400;" aria-level="1">No deferrals of instalments are allowed on this Finance .</li>
<li>If you fail to make any payment due under the Finance or otherwise breach our terms, you will lose the property mortgaged to the Bank as a result of the mortgage enforcement proceedings that we may take.</li>
</ul>
 Customer Obligations:
You are required to:
<ul>
<li style="font-weight: 400;" aria-level="1">Pay all instalments and other amounts due on the due dates without delay.</li>
<li style="font-weight: 400;" aria-level="1">Review this document and all other terms and conditions set out in the application form in detail.</li>
<li style="font-weight: 400;" aria-level="1">Regularly check our website www.rakbank.ae for updates.</li>
<li style="font-weight: 400;" aria-level="1">Notify the Bank in writing if there is a change in your employment or income details, contact details, residential status, identification details, financial details or any other material information as declared in the application form.</li>
<li style="font-weight: 400;" aria-level="1">Notify the Bank in writing if you wish to prepay your Finance prior to its maturity.</li>
</ul>

Risks and Limitations 

Joint ownership option

Features & Benefits

Green Mortgage Finance- We’re here to help

AED 30,000 & above

Not sure about something? Check our frequently asked questions to find what you’re looking for.

FAQ’s Help Card - Islamic

FAQs

Green Mortgage Finance - Cross Sell

Green Mortgage Finance - feature card - Affordable profit rates

Salaried and self-employed customers can enjoy attractive profit rates that range from 3.87% p.a. to 5.14% reducing rate p.a. 
Follow on rates after the fixed rate period starting from 3 months EIBOR + 1.65% to 3 months EIBOR + 2.24% 
Variable rate from day 1 starting from 3 months EIBOR + 0.99% to 3 months EIBOR + 1.74% reducing rate p.a. 
Now it's easier than ever for you to unlock the door to your perfect home – without breaking the bank while living sustainably at the same time.

Affordable profit rates

<ol>
<li>Your Emirates ID</li>
<li>Your Passport with valid residency visa</li>
<li>Any of the following proof of income</li>
</ol>
<ul>
<li>Salary Certificate</li>
<li>Bank Statements</li>
<li>Payslips</li>
<li>Labour Contract</li>
</ul>

Visit A Branch

A specialist will be able to assist you with the process

Visit a branch

Scan the QR code to download the RAKBANK app from the Apple App Store

Download the RAKBANK App!

Discover the RAKBANK App and enjoy cutting-edge Digital Banking services at your fingertips. Seamlessly manage your accounts, conduct secure transactions, and enjoy a range of innovative features – all in one user-friendly platform.

Scan the QR code to download the app from the Google Play Store

Global - RAKBANK APP- Personal

Bank on the go anytime, anywhere

Key Fact Statement

Green Mortgage Finance - Relevant links

3 yrs fixed rate option starting from 4.99% p.a. (reducing rate)

Profit rate at 4.99%

<ul>
<li>Salaried or self-employed</li>
<li>Minimum monthly salary of AED 15,000</li>
</ul>