Featured interest rate starting from

Fund your education with RAKBANK's Educational Loans. Flexible and affordable loans to support your academic pursuits without financial strain.

Educational Loans: Finance Education In UAE & Abroad | RAKBANK UAE

Education Loan

Eligibility

Set up your child's future success today 

Education - You’re closer to your ideal loan

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Segment - Personal

Age:
<ul>
<li>21 years old and above</li>
</ul>
Residency:
<ul>
<li>Salaried parent residing and working in the UAE</li>
</ul>
Other Requirements:
<ul>
<li>Minimum salary of AED 5,000</li>
<li>Salary transfer to RAKBANK is mandatory</li>
</ul>

Education Loan - Other Requirements

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FAQs

Educational Loan - FAQ's

Educational Loan

Competitive interest rates

Competitive interest rates starting from 4.89% means you'll pay less over the life of your loan. *Rates are subject to change based on market conditions from time to time.

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Made for students. Designed for parents.

Loan Features

We've designed the perfect loan to support your child's education in the UAE or abroad.

<ul>
<li style="font-weight: 400;" aria-level="1">Only 2 deferrals are allowed in a year, one month at a time, subject to a minimum of 6 instalments repaid since the loan or last deferral was availed.</li>
<li style="font-weight: 400;" aria-level="1">Instalment deferral cannot be given if payments are irregular or if there are 4 cheques / Direct Debit System (DDS) returns in the last 12 months or if the request does not meet the Bank&rsquo;s internal risk policy requirements.</li>
</ul>

Education Loan - Risks and Limitations

Educational Loan - What is the Education Loan and who can apply for it?

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Conventional

Is it mandatory to transfer my salary to RAKBANK to avail an education loan?

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

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RAKBANK Emirates Skywards Savings Account

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Education Loan - Terms and Conditions Notification

Important Information 

Open to UAE Residents

Educational Loan - Flexible loan tenures 

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Educational Loan - Upgrade your experience

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

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World Credit Card

Conventional Educational Loan

Note, instalment 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 as 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.

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Minimum monthly salary of AED 10,000

Educational Loan - Minimum monthly salary of AED 10,000

FAQ Accordion Items

Education Loan- Eligibility

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

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Benefits

Educational Loan - How do I repay my Education Loan?

Competitive interest rates 

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Loan

Preferential exchange rates

Enjoy the added benefit of preferential currency exchange rates when you remit to foreign institutions. 

Education - Eligibility

Flexible Loan Tenure

Our Education Loan can be availed with tenures of up to 48 months, giving you time to manage your budget more comfortably.

Flexible loan tenure

Education - Terms And Conditions

Terms and Conditions

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Educational Loan - Can I settle my Education Loan earlier and are there any settlement fees in that case?(3)

<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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Salaried individuals with salary transferred to RAKBANK

Educational Loan - Salaried individuals with salary transferred to RAKBANK

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

High loan amount

Our Education Loan comes with a maximum loan amount of up to AED 300,000.
 
Start your child's academic year with confidence knowing that the funds are readily available.

Educational Loan - Calculate Educational Loan

Indicative Educational Loan Calculator

<ul>
<li style="font-weight: 400;" aria-level="1">Education Loan is only available for salaried individuals whose salaries start from AED 10,000.</li>
<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&rsquo; 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>

Education Loan - Terms and Conditions

Loan Features

Made for students. Designed for parents.

Featured interest rate starting from

4.89%

High loan amount

Competitive interest rates

Flexible loan tenure

Preferential exchange rates

Indicative Educational Loan Calculator

How to use this calculator

Eligibility

Set up your child's future success today

Upgrade your experience

FAQs

Bank on the go anytime, anywhere