Compare Financial Products
Select 2-4 products to compare side by side. See fees, rates, rewards and eligibility at a glance.
| Feature |
RAKBANK Cash Loan
|
RAKBANK Personal Loan
|
|---|---|---|
| Loan maturity | — | — |
| Applicant Age | — | — |
| Monthly Installments | — | — |
| Markup Rate(Fixed) | — | — |
| Financing limit | — | — |
| Repayment tenure | — | — |
| Life insurance coverage | — | — |
| Financed Amount | — | — |
| Security Deposit | — | — |
| Minimum monthly income (Salary, ) | — | AED 5,000 |
| Eligibility | No salary transfer required; no salary criteria stated; open to UAE Nationals and UAE Residents (salaried individuals). | Minimum monthly salary AED 5,000; salary transfer to RAKBANK is required; minimum 6 months employment (or confirmed) at a Bank-approved company; open to resident expatriates; minimum Al Etiha |
| One-time Processing Fee | — | — |
| Annual Charges | — | — |
| Limit enhancement fee | — | — |
| Late payment charges | — | — |
| Loan Category | — | — |
| Maximum Tenure | 36 months — 'Max tenor: 3 years'. | 48 months — 'Max tenor: 48 Months for non MOD customers, 60 Months for MOD customers'. |
| Tentative rate | — | — |
| Additional Benefits | — | — |
| Free Insurance & Processing Fee | — | — |
| Interest Rate | — | — |
| Loan Amount | — | AED 2,250,000 — 'Max loan amount: AED 2,250,000'. |
| Card/Cards | — | — |
| Borrrowing Amount | — | — |
| Educational Loan | — | — |
| Return Policy | — | — |
| Deferment Conditions | — | — |
| Flat rate | — | — |