To Speak to an advisor, Kindly Call +971-43233236
Email Us: sales@compare4benefit.com
RAKBANK Mortgage Home Loans are the most flexible, affordable way to finance the purchase of property in Dubai, Abu Dhabi and Ras Al Khaimah. RAKBANK has a team of specialist mortgage loan advisors who will provide you with dedicated and personal service and guide you effortlessly through the whole process.
Major Advantage: Free partial settlement up to 25%, Competitve rate
Points to Consider: Minimum length of service required is 6 months
Reducing Balance Rate
Category | Interest Rate |
For Salaried Clients | Starting from 3.98% |
For Self Employed | Starting from 4.44% |
Please complete the form to get detailed rates as per your working profile
*ELITE product eligibility: Income should be AED 50,000 per month or property value should be AED 2.5M
Interest Rates & Charges:
Reducing Rate (as advertised): Starting from 3.98% p.a.
Processing Fees: 0.525% of finance amount (Nil for Buyout Cases)
Property Valuation Fees: AED 2,467
Early Settlement Fees: 1% of outstanding amount or AED 10,000 whichever is less
Partial Settlement Fees: Free up to 25% of outstanding amount (once a year) after fixed year period
Finance Requirements:
Minimum Salary Requirement: AED 15,000
Minimum Length of Service Required: 6 Months
Salary Transfer: Not Compulsory.
Minimum Down payment:
Key Details:
Islamic Finance: No
Maximum Term: 25 Years
Finance available for: Almost all ready properties in Dubai, Abu Dhabi & Ras Al Khaimah.
Insurance (Compulsory):
Life Insurance: 0.0242% per month (on outstanding balance)
Property Insurance: 0.035% p.a. (based on the property value)
Common Documents:
Salaried Client Documents:
Self-Employed Client Documents:
Minimum Salary: 10,000 AED
Reducing Rate 4.89%
Yalla Apply Now