RAKBank Mortgage Loan
- Finance available for off-plan houses too.
- Also available for selected commercial properties.
- Minimum monthly salary must be AED 15,000.
- 2.99% is only fixed for 1 year.
Interest rates are starting at 2.99% (fixed for first year only), from 2nd year onwards 3% + 12 month EIBOR applies. Islamic finance is also available on similar terms.
Flexible repayment periods for the Mortgage Loans. 80% finance available for UAE Nationals and 75% for Expats.
Salary transfer is not mandatory. Finance available on most ready projects with Title Deeds as well as for specific off-plan projects.