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

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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 AED 10,000 / month</li>
</ul>

Salaried and Self-Employed Customers

<ul>
<li style="font-weight: 400;" aria-level="2">UAE nationals, GCC nationals, resident expatriates and non-resident individuals</li>
</ul>

Residency

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

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Home Loan - Flexible and Affordable

Loan Features

Finance your property purchase in Abu Dhabi, Dubai, or Ras Al Khaimah with a home loan designed to make the process straightforward. Our specialist home loan advisors are on hand to give you personal guidance every step of the way.

Hassle-free home loans

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

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

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.


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Branches & ATMs

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Minimum formalities, quick approvals

We've made the process as straightforward as possible, so you spend less time waiting and more time planning your move.

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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

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

Settle into your new home in Ras Al Khaimah

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

Max loan amount: AED 20 Million

Home Loan - Low & Affordable Interest Rates

3-year fixed rates for salaried and self-employed customers, starting from 3.89% p.a. to 5.39% reducing rate p.a. 
 
Follow-on rates after the fixed rate period starting from 3 months EIBOR + 1.69% to 3 months EIBOR + 2.25%. 
 
Lowest rates are applicable when you transfer your salary to a Rakbank account (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 interest rates 

Eligibility & Fees

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AED 50,000-above

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Terms And Conditions

Terms and Conditions

AED 15,000-19,999

Conventional

Application Form

Key Fact Statement

Service and Price Guide

Mortgage/Home Finance Service Form

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Calculator

Indicative Mortgage Loan Calculator

Low cost mortgage

<ul>
<li>No In‑Principle Approval (IPA) fees 
<li>0% processing fee for buyout loans for salaried and self‑employed customers
 
<li>0% loan processing fee for salaried customers and 0.50% loan processing fee for self‑employed customers for new loans
 
<li>1% loan processing fee for self‑employed customers under the alternative income program
</ul>

Low-cost mortgage

<ul>
<li style="font-weight: 400;" aria-level="1">For salaried individuals: Maximum loan amount of up to AED 13 million&nbsp; </li>
<li style="font-weight: 400;" aria-level="1">For self-employed customers: Maximum loan amount of up to AED 20 million</li>
</ul>

Other Requirements

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

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  Loan

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Open for UAE & GCC Nationals, Expats & Non-Residents

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

You need to:
<ul>
<li style="font-weight: 400;" aria-level="1">Pay all instalments and other amounts due on the due dates without delay;</li>
<li style="font-weight: 400;" aria-level="1">Review this document and all other terms and conditions set out in the application form in detail;</li>
<li style="font-weight: 400;" aria-level="1">Regularly check our website (www.rakbank.ae) for updates;</li>
<li style="font-weight: 400;" aria-level="1">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; and</li>
<li style="font-weight: 400;" aria-level="1">Notify the Bank in writing if you wish to prepay your Loan prior to its maturity.</li>
</ul>

Customer Obligations

AED 20,000-49,999

Conventional Mortgage Loan

Note, installment amount comprises of repayment towards principal and interest. Please note the interest calculation is not based on the actual no. of days in the month this will depend on the exact date of your loan disbursal. This repayment schedule is only a guide and the actual repayment schedule will vary and be provided to you at the time of loan disbursal.  Life Insurance and Property Insurance are not included in this repayment schedule.

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FAQ Accordion Items

For more details about our Home 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

Chat with an agent

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

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Terms and Conditions Notification

Important Information 

<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' notice to you in advance.</li>
</ul>

Key Terms & Conditions

Features & Benefits

Loan

<ul>
<li>If you settle your Loan before the availed tenure, you will pay prepayment charges at the rates described below.</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 below.</li>
<li>Once you sign the Final Offer Letter, the processing fee will not be refunded.</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>
<ol>
<li style="list-style-type: none;">
<ul style="list-style-type: circle;">
<li>Cancel the Loan 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>
</li>
</ol>
 EIBOR Rates
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, 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 the 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;&nbsp;

Important Information

Flexible repayment options

With loan tenures of up to 25 years, you have the breathing room to plan your finances on your own terms.

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Eligibility

<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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<ul>
<li style="font-weight: 400;" aria-level="1">No deferrals of instalments are allowed on this Loan.</li>
<li style="font-weight: 400;" aria-level="1">If you fail to make any payment due under the Loan 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>

Risks & Limitations

Valuation fees: AED 3000

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Deferral not allowed

Max tenure: 25 years

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