Featured interest rate*

Build or renovate your home with sustainability in mind with RAKBANK's Green Home Loan. Benefit from special rates and eco-friendly loan conditions.

Green Home Loans For 'BARJEEL' Certified Homes In RAK | RAKBANK UAE

Green Home Loan

Settle into your new home in Ras Al Khaimah

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Special Offer for UAE Residents Valid Until Further Notice 

<ul>
<li>Variable rate from day 1 starting 3 months EIBOR + 1.20% to 3 Months EIBOR + 1.99% reducing rate p.a.</li>
<li>Attractive option of 2 years fixed rates for salaried and self-employed customers starting from 3.89% p.a. to 5.99%, reducing rate p.a.&nbsp; Follow on rates after the fixed rate period starting from 3 months EIBOR + 1.65% to 3 months EIBOR + 2.24%.</li>
<li>No In Principle Approvals (IPA) fees</li>
<li>0% loan processing fee for buyout loans&nbsp;</li>
<li>0.50% loan processing fee for salaried customers and 0.75% for self-employed customers</li>
<li>Special discounted evaluation fees of AED 1,850&nbsp;</li>
<li>Attractive discounts on life insurance at 0.0242% p.m. + VAT as applicable</li>
</ul>

Green Auto Loan - Special Offer for UAE Residents Valid Until [...]

Special offer for UAE Residents (valid until further notice)

Green Home Loans - Greener loan for greener homes

Loan Features

To go green is a decision, and we&rsquo;ve made it easier for you with our Green Home Loan available exclusively to salaried and self-employed customers who wish to buy a &lsquo;BARJEEL&rsquo; certified home within the Emirate of Ras Al Khaimah.

Greener loan for greener homes

<ul>
<li>The Bank may amend the features, fees, charges, terms and conditions of the Loan with 60 days' notice to you in advance.</li>
<li>The Bank may amend the interest rates for the Loan with 30 days' notice to you in advance.</li>
</ul>

Green Home Loan - Terms and Conditions 

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ELIGIBILITY & FEES

You’re closer to your ideal loan than you think

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Green Home Loan -  Valuation Fees

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Green Home Loan - Terms And Conditions

Terms and Conditions

Special Offer for UAE Residents Valid Until [...]

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Special offer for UAE Residents 

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

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Call Me Back Option - Personal/Business start 3000

Submit your details and we’ll be in touch soon

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FAQs

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Green Home Loan - Fees

Fees

Property can be purchased under single or joint names

Green Home Loans - Single or Joint Ownership

Whether you're interested in a single or joint ownership property, we've got you covered. When you opt for joint ownership, our Green Home Loan allows you to share the costs with another borrower - providing flexibility and security to both parties.

Single or Joint ownership

Single or joint ownership

Green Home Loan - Eligibility

Eligibility

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Joint ownership option

Green Home Loan - Joint ownership option

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Green Home Loans - No Processing and Approval Fees 

Getting your dream home has never been more affordable. We put savings at the top of our priority list, which is why the Green Home Loan offers no approval fees and 0% processing fee for buyout loans.

No processing and approval fees 

Green Home Loan - FAQs

AED 50,000-above

Conventional

<ul>
<li>A minimum monthly salary of AED 15,000</li>
</ul>

Green Home Loan - Salaried individuals

EIBOR Rates are updated four times a year on the first business day of every January, April, July and October months if your Mortgage Loan is based on 3-months EIBOR + Margin. For Loans based on 6- and/or 12-months EIBOR + Margin, the 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 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>

Green home Loan - Important Information

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Green Home Loan - Low & Affordable Interest Rates

Attractive option of 2 years fixed rates for salaried and self-employed customers starting from 3.89% p.a. to 5.99%, 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% 
 
Lowest rates applicable when you transfer your salary to RAKBANK account (applicable for salaried customers) and choose a RAKBANK credit card for added benefits!
 
*Rates are subject to change based on market conditions from time to time.

Affordable Home Loan interest rates

<ul>
<li>No deferrals of instalments are allowed on this Facility.</li>
<li>If you fail to make any payment due under the facility 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 need to:
<ul>
<li>Pay all amounts due on the due dates without delay.</li>
<li>Review all other terms and conditions set out in the application form;</li>
<li>Regularly check our website (<a href="/en/" target="_top">www.rakbank.ae</a>) for updates;</li>
<li>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>Notify the Bank in writing if you wish to prepay your Loan prior to its maturity.</li>
</ul>
 Warnings
If you pay off the Loan prior to the due date, you will pay prepayment charges at the rates described in the Service and Price Guide. If you are late in payment or fail to make a payment on the due date, you will pay default interest at the rates described in the Service and Price Guide. If you fail to make a payment or otherwise breach the Loan terms, this will be a default and the Bank will be entitled, among other things, to:
<ul>
<li>Apply a penalty interest of 2% per annum for non-compliance with the terms of the Loan;</li>
<li>Cancel the Facility and demand full repayment immediately;</li>
<li>Report the default to the appropriate regulatory authorities and credit rating agencies, which will affect your credit rating;</li>
<li>Bring legal proceedings against you and repossess the mortgaged property.</li>
</ul>

Green Home Loan - Risks & Limitations

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Green Home Loan - UAE nationals

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Terms and Conditions 

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Offers & Promotions

Check out our limited-time offers 

AED 20,000-49,999

<ul>
<li>Business ownership (minimum of 2 years) Available for UAE nationals, UAE residents and non-residents, expatriates and GCC nationals</li>
</ul>

Green Home Loan - Business customers 

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Green Home Loans - Flexible Repayment Options

We understand that everyone has different needs when it comes to financing. That’s why we offer flexible repayment periods of up to 25 years, meaning you can choose an option that works best with your budget and lifestyle. 

Flexible repayment options

from 4.74% to 22.49% 
reducing rate 
p.a.

Featured interest rate

Fund your personal eco-friendly projects with a RAKBANK Green Personal Loan. Enjoy competitive rates and support your commitment to sustainability.

Green Personal Loans For Eco-Friendly Projects | RAKBANK UAE

Green Personal Loan

Pave your way towards huge energy savings and costs

No approval fees

Green Home Loan - No approval fees

Green Home Loan - fee

Green Home Loan - Terms and Conditions

2.40% (salaried) to 3.45% (business)
 flat rate p.a.

Interest rates* starting from

Purchase your eco-friendly vehicle with RAKBANK Green Auto Loan. Take advantage of special terms to drive greener and reduce your environmental impact.

Green Auto Loans To Buy Electric Or Hybrid Cars | RAKBANK UAE

Green Auto Loan

Drive your new electric or hybrid car with a Green Auto Loan


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FAQ Accordion Items

Flexible repayments (up to 25 years)

Green Home Loan - Flexible repayments (up to 25 years)

Chat with an agent

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

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Green Home Loan - How can I apply for a liability and/or no-liability certificate?

Green Home Loan - Upgrade your experience

Upgrade your experience

Features & Benefits

Loan

Green Home Loan - How can I apply for a loan?

Featured interest rate at 3.89% p.a. (reducing)

Green Home Loan - Interest rate at 4.50%

<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

Green Home Loan - Terms and Conditions Notification

<ul>
<li>A minimum of 6 months of employment with the same employer</li>
</ul>

Green Home Loan - UAE expat residents

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.