Interest rates* starting from 

Combine your home loan and current account with RAKBANK's Home in One. Save on interest and reduce your loan tenure with this unique mortgage solution.

Home In One Loan: Combine Mortgage & Savings | RAKBANK UAE

Home in One

Save interest on your home loan with Home in One

Go for a mortgage loan that saves you interest

A late EMI payment could attract fees of AED 700 per EMI.
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> 
 &nbsp;

Important Information

Eligibility

Home in One - Low cost mortgage

No In-Principle Approval (IPA) fees
 
0% processing fee for buyout loans
 
0.50% loan processing fee for salaried and self-employed customers for fixed rates options of 3 years and 5 years
 
0.25% loan processing fee for salaried and 0.50% for self-employed customers for variable rate from day 1 loans
 
Special discount on evaluation fees of AED 2,350
 
Attractive discounts on life insurance at 0.0242% per month + VAT of the loan outstanding each month, as applicable 
For Alternate Income program; In-Principle Approval (IPA) fee is AED 787.5 (including VAT) (non-refundable) & loan processing fee is 1%

Low-cost mortgage

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Which account is the best one?

For more details about our Home in One Loan mortgage fees and charges, please refer to our <a href="/globalassets/rakbank/all-pdfs/001---service-and-price-guides/bilingual/017-sp-vat-homemortgage.pdf" target="_blank" rel="noopener">Service and Price Guide</a>.

Fees

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Max loan amount: AED 20 Million (for self-employed customers)

Max loan amount: AED 20 Million

Application Form 

Key Fact Statement

Service and Price Guide

Terms and Conditions

Mortgage/Home Finance Service Form

FAQs on monthly charges

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Standard Interest Rates starting from: 4.03% p.a. 

Standard Interest Rates starting from: 4.75% p.a. 

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

Segment - Personal

Downpayment: 25% to 30% depending on the project

Home in one - FAQs

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

Eligibility & Fees

Ready for the ultimate mortgage facility? 

Home In One - You’re closer to your ideal loan 

Home in One - Cross Sell

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Terms And Conditions

AED 50,000-above

Every deposit lowers your mortgage interest payment

Home in One - Reduce Your Interest

Home in One links your current account balances to your mortgage loan in order to reduce the mortgage balance you’re charged interest on. This will help reduce your mortgage payments each month. 

For any low-yielding deposits, once placed in your Current Account, will yield the same rate as that on the mortgage loan.

Reduce your interest

AED 15,000-19,999

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FAQs

 Confirmed employment, min employment duration required

 Eligibility requirements:UAE Nationals: Confirmed employment. Expatriate residents: Minimum 6 months and confirmed employment with same employer. Non-residents: Minimum 12 months and confirmed employment with same employer. Business customers: Minimum 2 

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Home in One - The more you deposit, the lower your interest

Loan Features

The more funds you deposit in your Current Account, the less interest you pay on your Home in One Loan. This means that you pay interest only on the outstanding loan amount net of the credit balances in your Home in One Current Account with the bank. Therefore, you pay less or no interest depending upon the balances in your Home in One Current Account.

The more you deposit, the lower your interest

Conventional

<ul>
<li>UAE nationals and UAE residents</li>
</ul>

Residency

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Home Loan - Help Card

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Interest rate* starting from

Secure a home loan from RAKBANK and enjoy competitive interest rates with flexible payment terms. Buy your dream home today with ease and confidence.

Home Loans At Competitve Rates & Flexible Terms | RAKBANK UAE

Home Loan

Make your dream home a reality with our flexible, affordable loan 

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1% (Taken upfront, LPF is product specific, based on offer letter)

1% (Taken upfront from customer, LPF is product specific and is based on the offer letter. 

Open for UAE Nationals and UAE Residents

Open to Resident Expatriates, UAE Nationals, GCC Nationals, Non-Resident Individuals

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Max tenure: 25 years

Conventional Home In One Loan

AED 20,000-49,999

Variable rate from day 1 and fixed rate options available

Competitive interest rates

Variable rate from day 1 and fixed rate options available.
 
Attractive option of 3 & 5 years fixed rates for salaried and self-employed customers starting from 4.03% p.a. to 5.99%, reducing rate p.a.
 
Follow on rates after expiring the fixed rate period starting from 3 months EIBOR + 1.74% to 3 months EIBOR + 2.54%.
 
Variable rate from day 1 starting from 3 months EIBOR + 1.04% to 3 months EIBOR + 1.84% reducing rate p.a.
 
*Rates are subject to change based on market conditions from time to time.

Monthly Income Requirements:

Available for salaried and self-employed individual customers for approved residential and commercial properties.
<ul>
<li>Minimum income required for salaried individuals: AED 15,000 / month</li>
<li>Minimum income required for single and joint expats: One borrower&rsquo;s salary has to be a minimum of AED 10,000 / month</li>
</ul>
Maximum Loan Amount:
<ul>
<li>For salaried individuals: Maximum loan amount of up to AED 13 million</li>
<li>For self-employed customers Maximum loan amount of up to AED 20 million</li>
</ul>
&nbsp;

Employment and Loan Amount

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Home in one - We’re here to help

FAQ Accordion Items

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

home in one - Faqs(6)

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

FAQ’s Help Card

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Home in one - Upgrade your experience

Upgrade your experience

Home in one - Calculator

Calculator

Home in One loan calculator

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Features & Benefits

Terms and Conditions Notification

Loan

Tabbed Box

Eligibility - tabListingBullet - Parent

Valuation fees: AED 3000

Google Recaptcha Config

<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

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Bank on the go anytime, anywhere

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<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 (www.rakbank.ae) 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 Facility 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 Facility 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>

Risks & Limitations 

Withdraw your available balance at any time

Home In One - Access Your Funds 

You can withdraw your available balance at any time, just like any current account 
The Home in One current account offers all facilities of a current account, i.e. debit card, cheque book, internet and mobile banking.

Access your funds anytime

home in one - Faqs(2)

Home in one - Watch how it works

Loan Features

The more you deposit, the lower your interest

Watch how it can help you save interest