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RAKislamic Personal Finance (Salary Transfer)
National Bank of Ras Al-Khaimah PJSC

RAKislamic Personal Finance (Salary Transfer)

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Minimum monthly salary/income AED 5,000 or above; open to expats, UAE nationals and Armed Forces staff; salary transfer required. Based on the Shariah contract...

Information courtesy of National Bank of Ras Al-Khaimah PJSC. Data is subject to change — verify with National Bank of Ras Al-Khaimah PJSC directly.

Product Specifications 6 details

Interest Rate 'Profit rates starting from 4.75% reducing rate p.a.' and 'Competitive profit rates: From 4.75% to 19.99% reducing rates p.a.' Disclaimer: 'Profit rates are quoted on a reducing rate per annu source
Minimum monthly income (Salary, ) AED 5,000 source
Loan Amount AED 2,250,000 — 'Max loan amount: Up to AED 2,250,000'. Also stated: 'Maximum finance amount up to 20 times the gross income'. source
Maximum Tenure 48 months — 'Max tenor: 48 months'. Payment periods from 6 to 48 months. source
Eligibility Minimum monthly salary/income AED 5,000 or above; open to expats, UAE nationals and Armed Forces staff; salary transfer required. Based on the Shariah contract of Salam. source
Processing Fee Processing fee: 1.05% of finance amount (minimum AED 525, maximum AED 2,625, inclusive of VAT). No valuation fee. source

Where these figures come from

The figures above were recorded from the issuer's own published page below. Last checked on August 16, 2026. Terms change without notice — confirm the current figure with the provider before you apply.

How we source and verify data · Found something wrong? Report it

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RAKislamic Personal Finance (Salary Transfer)
National Bank of Ras Al-Khaimah PJSC
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