Profit rates starting from

RAKislamic provides special offers for UAE domestic customers. Get attractive interest rates for youth national finance at RAKBANK. Learn more online.


Apply Now for Youth National Finance | RAKislamic

Youth National Finance

Profit rate starting from

RAKislamic provides special offers for UAE National customers. Get attractive interest rate. Learn the key terms and conditions at RAKBANK. Read more.


Special Offer for UAE National Finance | RAKislamic

UAE National Finance

Introducing a Personal Finance designed especially for UAE Nationals

UAE National Finance 

Youth National Finance - Enjoy extra benefits

When you take out Youth National Finance you will receive a complimentary RAKislamic Debit Card and RAKislamic Credit Card with no annual fee and low profit rates.

Enjoy extra benefits

With Salary Transfer

Option to defer your instalment twice per year

Youth National Finance - Cross Sell

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

Download the RAKBANK Mobile 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

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Bank on the go anytime, anywhere

Eligibility & Fees

You’re closer to your ideal finance than you think

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Youth National Finance - Top-up options available

Take advantage of our convenient top-up Finance option that is available to you after 1 year, subject to a set criteria from the Bank.<br><br>
This allows you to return to the original finance amount from the Bank with ease.


Top-up options available

Terms and Conditions Notification

Important Information 

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 |RAKBANK UAE

Branches & ATMs

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Free debit card and personalised chequebook

Consolidate your finances into one package

Youth National Finance - Finance takeover option

If you have outstanding finance from multiple financers, you can simplify your payments and potentially save money by taking advantage of our finance takeover option. <br> <br>

We can consolidate your outstanding amounts into one finance package with competitive profit rates and flexible payment options. It's an easy way to take control of your finances and reduce your stress.

Finance takeover option

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AED 50,000-above

Islamic Youth National Finance calculator

Note, installment amount is divided by payment and profit rate. Towards the beginning of your youth national finance, the majority of the payment is profit.

<p><span style="font-weight: 400;">You need to:</span></p>
<ul>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Pay all instalments and other amounts due on the due dates without delay.</span></li>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Review this document and all other terms and conditions set out in the application form in detail.</span></li>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Regularly check our website (www.rakbank.ae) for updates.</span></li>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">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.</span></li>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Notify the Bank in writing if you wish to prepay your Finance prior to its maturity.</span></li>
</ul>
<p><strong><br />Warnings</strong></p>
<ul>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">If you pay off the Finance prior to the due date, you will pay prepayment charges at the rates described as per the Service and Price Guide.</span></li>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">If you are late in payment or fail to make a delivery on the due date, you will pay donation amount at the rates described in the Service and Price Guide.&nbsp;</span></li>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">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:</span></li>
</ul>
<p style="padding-left: 80px;"><span style="font-weight: 400;">(a) Cancel the Finance and demand full repayment immediately;</span></p>
<p style="padding-left: 80px;"><span style="font-weight: 400;">(b) Report the default to the appropriate regulatory authorities and credit rating agencies, which will affect your credit rating;</span></p>
<p style="padding-left: 80px;"><span style="font-weight: 400;">(c) Bring legal proceedings against you.</span></p>

Customer Obligations

Terms and Conditions

<p>*minimum AED 525, maximum AED 2,625 (incl. VAT)</p>
<p>For more details about our Youth National Finance fees and charges, please refer to our&nbsp;<a title="Personal Loan Service and Price Guide" href="/globalassets/rakbank/all-pdfs/002---islamic---service-and-price-guides/bilingual/020-sp-vat-personalfinance-salama.pdf" target="_blank" rel="noopener" aria-label="Service and Price Guide - open in a new tab" data-uw-rm-ext-link="" data-uw-pdf-br="2" data-uw-pdf-doc="">Service and Price Guide</a>.</p>
<p>&nbsp;</p>
<p><strong>Enjoy a Ramadan Instalment Deferral Fee Waiver</strong><br />This Ramadan, we&rsquo;re making it easier for you to manage your finances.<br />Eligible customers will not be charged the instalment deferral fee for approved deferral requests submitted from 17 February 2026 to 31 March 2026.</p>

Fees

Due diligence, documentation and processing fees (% of Finance amount)

Fees item

Application Form and Terms & Conditions 

Key Fact Statement

Youth National Finance - Relevant links

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Obtain finance and settle your first instalment later


Youth National Finance - Pay the first instalment in 180 days

No need to worry about your first instalment after you receive your finance. <br>
You can pay it at your convenience as you have the option to make your first instalment up to 180 days later.

Pay the first instalment in 180 days

<ul>
<li><span style="font-weight: 400;">The Bank may amend the features, fees, charges, terms and conditions of the Finance with 60 days&rsquo; notice to you in advance.</span></li>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">The Bank may amend the profit rates for the Finance with 30 days&rsquo; notice to you in advance.</span></li>
</ul>

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Youth National Finance - Help Card

AED 5,000-19,999

AED 10,000-14,999

AED 20,000-49,999

Youth National Finance - How much will my finance cost?

How much will my finance cost?

Subject to satisfaction of debt burden ratio

Youth National Finance - Finance amount up to 20x your salary

This Finance gives you access to 20x more money than you would typically be eligible with your current salary! <br> <br>
What does that mean for you? Well, you can trade up the car you’ve been driving for years or use the funds toward tuition for higher education – whatever financial milestones matter most to you.

Finance amount up to 20x your salary

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<ul>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">No more than 2 instalment deferrals are allowed in a year, one month at a time, subject to a minimum 6 instalments paid since the Finance or last deferral was availed.</span></li>
<li style="font-weight: 400;" aria-level="1"><span style="font-weight: 400;">Instalment deferral cannot be given if payments are irregular, or if there are 4 cheques / Direct Debit System (DDS) returns in the last 12 months, or if the request does not meet the Bank&rsquo;s internal risk policy requirements.</span></li>
</ul>

Risks and Limitations

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<p><strong>Age:</strong></p>
<ul>
<li><span style="font-weight: 400;">At least 21 years old </span></li>
</ul>
<p><strong>Residency:</strong></p>
<ul>
<li>UAE nationals</li>
</ul>
<p><strong>Other Requirements:<br /></strong></p>
<ul>
<li><span style="font-weight: 400;">Minimum monthly salary of AED 10,000</span></li>
<li><span style="font-weight: 400;">New to job (1st job) with confirmed employment or have been employed for more than 3 months</span></li>
<li><span style="font-weight: 400;">Minimum Al Etihad Credit Bureau (AECB) score of 500</span></li>
</ul>

Eligibility

Benefits

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Finance Features 

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<p><span style="font-weight: 400;">Make your big dreams and ambitions a reality.<br />Our hassle-free finance is designed to meet the financial needs of young UAE Nationals. </span></p>
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Get more out of your first job

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

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Terms And Conditions

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Upgrade your experience

Loan amount up to 20x your salary

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Available to salaried employees with a minimum income of AED 5,000

Apply through the RAKBANK App

<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

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

Download the RAKBANK App!

Discover the Rakbank App and enjoy digital banking designed to fit your day. Manage your accounts, make secure transactions, and access smart features all in one simple, easy-to-use app

RAKBANK mobile and digital banking features enabling customers to bank anytime, anywhere

Finance Features

Get more out of your first job

How much will my finance cost?

How to use this calculator

Eligibility & Fees

You’re closer to your ideal finance than you think

Upgrade your experience

Relevant links

We’re here to help

Bank on the go, anytime, anywhere

Finance Features

Get more out of your first job

Profit rates starting from

4.79%

Finance amount up to 20x your salary

Top-up options available

Pay the first instalment in 180 days

Enjoy extra benefits

Finance takeover option

How much will my finance cost?

How to use this calculator

Eligibility & Fees

You’re closer to your ideal finance than you think

Upgrade your experience

Relevant links

We’re here to help

Bank on the go, anytime, anywhere