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

RAKBANK Home in One mortgage solution helping UAE customers finance their new home

Save interest on your home loan with Home in One

Designed to help you save on interest

Eligibility

Home in One - Low cost mortgage

Enjoy a mortgage designed to keep costs down, with transparent and competitive fees: <ul>
<li>No In-Principle Approval (IPA) fees</li>
<li>0% processing fee for buyout loans for salaried and self‑employed customers</li>
<li>0% loan processing fee for salaried customers and 0.50% loan processing fee for self‑employed customers for new loans</li>
<li>1% loan processing fee for self‑employed customers under the alternative income program</li>
</ul>

Low-cost mortgage

If your mortgage loan is based on 3-month EIBOR + margin, EIBOR rates are reviewed and updated four times a year on the first business day of January, April, July, and October.
For loans based on 6-month and/or 12-month EIBOR + margin, rates are reviewed and updated twice a year on the first business day of January and July.
You will be notified of any change to your EMI resulting from an update to the applicable EIBOR rate.
To know more about EIBOR Rates or EIBOR Rate movements please refer to:&nbsp;<a href="https://www.centralbank.ae/en/forex-eibor/eibor-rates">https://www.centralbank.ae/en/forex-eibor/eibor-rates</a>

Important Information-HIO

Terms and Conditions-HIO

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Which account is the best one?

For full details on Home in One 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

Home in one - Relevant links

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Standard Interest Rates starting from: 3.89% p.a. 

Standard Interest Rates starting from: 3.99% 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

Terms and Conditions Notification-HIO

Important Information

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

Is Home in One the right mortgage for you?

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

Home in One - Cross Sell

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AED 50,000-above

Every deposit lowers your mortgage interest payment

Home in One - Reduce Your Interest

Home in One links your current account balance to your mortgage, reducing the loan amount on which you're charged interest.


This means your monthly mortgage payments can be lower, simply by keeping funds in your current account. Even deposits that would typically earn little interest can work harder for you, effectively offsetting your mortgage at the same rate as your home loan.

Reduce your interest

AED 15,000-19,999

Home in one - Faq's Divider Title

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

With Home in One, the funds you keep in your current account help reduce the interest on your loan. The higher your balance, the lower the interest charged. Interest is calculated only on the outstanding loan amount after deducting the credit balance in your Home in One Current Account. This means you could pay less interest or even none at all, depending on the balance you maintain.

The more you deposit, the less interest you pay

Conventional

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

Residency

<ul>
<li>Instalment deferrals are not permitted under this facility</li>
<li>If you fail to make any payment when due, or otherwise breach the terms of the facility, the Bank may enforce the mortgage. This could result in the loss of the mortgaged property</li>
</ul>
Customer Obligations You are required to:
<ul>
<li>Pay all amounts due on time, without delay</li>
<li>Review and comply with all terms and conditions outlined in the application form</li>
<li>Regularly check <a href="/en/" target="_top">www.rakbank.ae</a> for updates</li>
<li>Notify the Bank in writing of any changes to your Employment or income details, contact information, residential status, identification or financial details or any other material information provided in your application</li>
<li>Inform the Bank in writing if you wish to prepay your loan before its maturity</li>
</ul>
 Warnings
If you repay the loan before its scheduled maturity date, prepayment charges will apply, in accordance with the rates outlined in the Service and Price Guide. If you miss a payment or make a payment after the due date, default interest will be charged at the rates specified in the Service and Price Guide. If you fail to make a payment or otherwise breach the loan terms, this will constitute a default. In such cases, Rakbank may, among other actions:
<ul>
<li>Apply a penalty interest of 2% per annum for non-compliance with the loan terms</li>
<li>Cancel the Facility and demand full repayment immediately</li>
<li>Report the default to the relevant regulatory authorities and credit bureaus, which may adversely affect your credit rating</li>
<li>Initiate legal proceedings and repossess the mortgaged property</li>
</ul>

Risks & Limitations -HIO

home in one - Faqs(5)

Home Loan - Help Card

home in one - Faqs

<ul>
<li>The Bank may amend the features, fees, charges, and terms and conditions of the loan by providing 60 days&rsquo; prior notice.</li>
<li>The Bank may revise the interest rates applicable to the loan with 30 days&rsquo; prior notice.</li>
</ul>

Terms and Conditions -HIO

home in one - Faqs(4)

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

Flexible and affordable home financing

Compare

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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

Max tenure: 25 years

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Conventional Home In One Loan

AED 20,000-49,999

Competitive interest rates

Choose from attractive 3-year fixed-rate options for both salaried and self-employed customers, starting from 3.89% p.a. up to 5.15% p.a., on a reducing balance basis.
 
After the fixed-rate period ends, follow-on rates apply, starting from:
 
<ul>
<li>3-month EIBOR + 1.94% to 3-month EIBOR + 2.25%</li>
<li>Enjoy our lowest available rates when you transfer your salary to a Rakbank account (for salaried customers) and choose a Rakbank credit card for added benefits</li></ul>

*Rates are subject to change from time to time based on market conditions.

Monthly income requirements:

Available for both salaried and self-employed individual customers, for approved residential and commercial properties.
Salaried individuals:
<ul>
<li>Minimum monthly income of AED 15,000</li>
</ul>
Single and joint expat applicants:
<ul>
<li>At least one borrower must earn a minimum monthly income of AED 10,000</li>
</ul>
Maximum loan amount:
<ul>
<li>For salaried individuals Up to AED 13 million</li>
<li>For self-employed customers 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

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Chat with an agent

Find answers to our most commonly asked questions, all in one place.

FAQ’s Help Card

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Home in one - Upgrade your experience

Upgrade your experience

Home in one - Calculator

Calculator

Calculate your Home in One loan

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Which account is best for you?

Features & Benefits

Loan

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Valuation fees: AED 3000

Terms And Conditions-HIO

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<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 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

Download the Rakbank App!

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

Global - RAKBANK APP- Personal

Bank on the go, anytime, anywhere

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Withdraw your available balance at any time

Home In One - Access Your Funds 

With Home in One, you can access your available balance at any time, just like a regular current account.
Your Home in One Current Account includes all the standard features you'd expect, including a debit card, chequebook, and internet and mobile banking.

Access your funds anytime

home in one - Faqs(2)

Home in one - Watch how it works

Watch how it can help you save interest

Min monthly income of AED 15,000 (for salaried individuals)

Min monthly income: AED 15,000 for salaried individuals Minimum monthly salary/income: AED 15,000 for salaried individuals  

Call Me Back Option - Personal/Business start 15,000

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