from 4.14% 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

Home in one - What's the maximum age at loan maturity?

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Flexible repayment options

Flexible repayment periods of up to 48 months are available with Green Personal Loans. 

Flexible repayment option

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

Green Personal Loan - What's the minimum age requirement for a RAKLoan?

Green Personal Loan - Eligibility

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FAQs

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ELIGIBILITY & FEES

You’re closer to your ideal loan than you think

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Flexible repayments (up to 48 months)

Green Personal Loan - Flexible repayments (up to 48 months)

AED 50,000-above

Conventional

Earn Emirates Skywards Miles with every deposit into your RAKBANK Emirates Skywards Savings Account. Save money and travel more!

RAKBANK Emirates Skywards Savings Account With Skywards Miles | RAKBANK UAE

RAKBANK Emirates Skywards Savings Account

More rewards for Emirates Skywards members

Easy loan takeover option

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Important Information

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Exclusive rates

Green Personal Loans can be availed at rates as low as 4.14% p.a. to 22.49% p.a. (reducing). 
*Rates are subject to change based on market conditions from time to time.

Green Personal Loan - Is salary transfer to RAKBANK mandatory for a RAKLoan?

Green Personal Loan- The best of both worlds

Loan Features

Now you can save on your expenses and do your bit for our planet. Get easy loan options for environmentally-friendly purchases like solar panels, energy efficient products, and appliances for your home.

The best of both worlds

Green Personal Loan - Am I eligible for a RAKLoan if I just joined my company?

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* Loan Processing Fees (minimum AED 525, maximum AED 2,625) (incl. VAT)
For more details about our Green Personal Loan fees and charges, please refer to our&nbsp;<a title="Personal Loan Service and Price Guide" href="/globalassets/rakbank/all-pdfs/001---service-and-price-guides/bilingual/018-sp-vat-personalloan1.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>.

Green Personal Loan - Fees

Fees

AED 20,000-49,999

Green Personal Loan - Processing Fees

Warnings 
<ul>
<li>For a period of 3 consecutive months, if the salary credited to your salary account is less than 75% of the declared salary or if salary is not regularly credited during these 3 months, you will be obliged to pay 2% per annum above the rate of interest originally agreed until completion / settlement of the Loan.</li>
<li>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.</li>
<li>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.</li>
<li>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:</li>
</ul>
(a) Cancel the Loan and demand full repayment 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.

Green Personal Loan - Terms And Conditions

Terms and Conditions

Discover the World Credit Card

Enjoy 10% cashback on dining, travel, and grocery spends with the RAKBANK World Credit Card. Get started now and receive an AED 1,500 welcome bonus!

World Credit Card With 10% Cashback & AED 750 Welcome Bonus | RAKBANK UAE

World Credit Card

Discover the RAKBANK World Credit Card that offers unparalleled benefits including cashback, travel rewards, and exclusive lifestyle privileges.

World Credit Card With Cashback & Travel Benefits | RAKBANK UAE

Get AED 750 welcome bonus from the King of Cashback

Exclusive Life Insurance

UAE Nationals with a Green Personal Loan will also get to enjoy exclusive Life Insurance rates.

Discounted Life Insurance fees

Interest rates starting 4.14% p.a.

Green Personal Loan - Interest rate from 4.14%

Eligibility

Green Personal Loan - Terms and Conditions

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Chat with an agent

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

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Terms and Conditions 

Service and price guide

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Features & Benefits

Loan

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Loan options up to AED 2,000,000 (subject to DBR)

Green Personal Loan - Loan options up to AED 2,000,000 (subject to DBR)

<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 Personal Loan - What is RAKLoan?

Age:
<ul>
<li>21 years or older</li>
</ul>
Residency:
<ul>
<li>UAE National or Salaried expatriate, residing in the emirate of Ras Al Khaimah.</li>
</ul>
Other Requirements:
<ul>
<li>End-of-service benefits (EOSB) and salary transfer to RAKBANK is required until repayment of Green Personal Loan is completed</li>
<li>Minimum Al Etihad Credit Bureau (AECB) score of 541</li>
<li>Customer must be employed with a RAKBANK-approved employer</li>
<li>Minimum monthly salary of AED 5,000</li>
</ul>

Green Personal Loan - Salaried individuals

<ul>
<li style="font-weight: 400;" aria-level="1">Payment deferrals for a Green Personal Loan are not allowed</li>
</ul>

Green Personal Loan - Risks & Limitations

Green Personal Loan - Cross Sell

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

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

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

Global - RAKBANK APP- Personal

Bank on the go, anytime, anywhere

Green Personal Loan - How do I repay my RAKLoan?

AED 3,000-19,999

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