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 

Home Loan - Hero Item(2)

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: 3.98% p.a. 

Standard Interest Rates starting from: 4.70% p.a. 

Hero-1920x1080.jpg

Home Loan - Upgrade your experience

Upgrade your experience

Question?(6)

Home Loan - Wrapper - Benefitcard&Calculator

Home_Loan_HeroBanner.jpg

01_HomeLoans.jpg

Home Loan - Flexible and Affordable

Loan Features

Our Home Loan is the most flexible, affordable, and convenient way to finance the purchase of property in Abu Dhabi, Dubai, and Ras Al Khaimah. We have a team of specialist Home Loan advisors who will provide you with dedicated and personal service and guide you through the whole process.

Flexible, affordable, and hassle-free

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.


RAKBANK Branches And ATM Machines Near Me In UAE |RAKBANK UAE

Branches & ATMs

Question?(4)

Segment - Personal

Home Loan - Hero Small

Minimum formalities, quick approvals

We keep it simple and easy. Instead of waiting around for an answer, with our Home Loan, you can enjoy a new home faster than ever before!

Question?(2)

Home Loan - Faq's Divider Title

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

Question?(1)

In Page Floating Menu

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

Max loan amount: AED 20 Million

Variable rate from day 1 and fixed rate options available

Home Loan - Low & Affordable 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 3.98% 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 + 2.39% 
 
Variable rate from day 1 starting from 3 months EIBOR + 0.99% to 3 months EIBOR + 1.79% reducing rate p.a. 
 
*Rates are subject to change based on market conditions from time to time.

Affordable Home Loan interest rates

Eligibility & Fees

You’re closer to your ideal loan than you think 

Home Loan - You’re closer to your ideal loan 

AED 50,000-above

07_HomeInOne.jpg

Question?(3)

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

Home Loan - Relevant Links

Home Loans - Calculate Home Loan

Calculator

Indicative Mortgage Loan Calculator

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 of AED 2,350 on evaluation fees. 
 
Attractive discounts on life insurance at 0.0242% p.m. + VAT of the loan outstanding each month, as applicable. 
For Alternate Income program; In-Principle Approval (IPA) fees is AED 787.5 (Incl VAT) (non-refundable) & Loan Processing Fees is 1%

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

<ul>
<li style="font-weight: 400;" aria-level="1">Variable rate from Day 1 starting 3 months EIBOR + 0.99% to 3 months EIBOR + 1.69% reducing rate p.a.</li>
<li style="font-weight: 400;" aria-level="1">Attractive option of 3 &amp; 5 years fixed rate for salaried and self-employed customers starting from 5.19% p.a. to 5.69% reducing rate p.a. Follow on rates after expiring the fixed rate period starting from 3 months EIBOR + 1.79% to 3 months EIBOR +2.19%</li>
<li style="font-weight: 400;" aria-level="1">No In-Principle Approvals (IPA) fees</li>
<li style="font-weight: 400;" aria-level="1">0% loan processing fees for buyout loans&nbsp;</li>
<li style="font-weight: 400;" aria-level="1">0.50% loan processing fee for salaried and self-employed customers for fixed rates options of 3 years and 5 years</li>
<li style="font-weight: 400;" aria-level="1">0.25% loan processing fee for salaried and 0.50% loan processing fees for self- employed customers for aariable rate from Day 1 loan</li>
<li style="font-weight: 400;" aria-level="1">Special discounted evaluation fees of AED 1,850&nbsp;</li>
<li style="font-weight: 400;" aria-level="1">Attractive discounts on life insurance at 0.0242% p.m. + VAT as applicable</li>
<li style="font-weight: 400;" aria-level="1">Bundled <a href="https://rakbank.ae/wps/portal/retail-banking/cards/personal/emirates-skywards-world-elite-card">Emirates Skywards World Elite Credit Card</a> offered with the loan*</li>
</ul>
*The bundled credit card will be offered subject to availability in your Debt-Burden Ratio (DBR)

Home Loan -Special Offer for UAE Residents Valid Until Further Notice

Special offer for UAE Residents (valid until further notice)

<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 

Question?(5)

Home Loan - Help Card

App.png

Home  Loan

Home Loan - We’re here to help

Home Loans - FAQ's

Eligibility - tabListingBullet - Parent

Tabbed Box

Home Loan - Check out our limited offers

Offers & Promotions

Check out our limited-time offers

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.

Home Loan - Cross Sell

Home Loan - Benefit Card Container

Home in one - Wrapper - Tabbed box

Special Offer for UAE Residents Valid Until Further Notice

Home Loan - benefit card - Special Offer for UAE Residents Valid Until Further Notice

Special offer for UAE Residents 

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

Home Loan - Wrapper - Feature Card

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

FAQ’s Help Card

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

We offer long tenures of up to 25 years, giving you greater control of your financial planning. 

Google Recaptcha Config

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

Home Loan - feature card container

<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

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

Global - RAKBANK APP- Personal

Bank on the go anytime, anywhere

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.