ProviderRAKBANK
RAKBANK Fixed-Rate Home Loan
Eligibility unknownMortgagesLong-term finance for residential property in the UAE.
Last verified Nov 11, 2026, 3:02 PM1 source behind these figures
Terms and conditions
| Pricing | |
| Minimum amount | AED 250,000.001 source
|
|---|---|
| Maximum amount | AED 2,500,000.001 source
|
| Rate type | Reducing balance1 source
|
| Interest rate (APR) | 5.30% p.a.1 source
|
| Profit rate | —No evidence recorded |
| Processing fee | 1.50% flat1 source
|
| Processing fee cap | AED 2,625.001 source
|
| Early settlement fee | 3.00% flat1 source
|
| Maximum loan-to-value | 80.00% flat1 source
|
| Fixed-rate period | 24 months1 source
|
| Terms | |
| Salary transfer required | Yes1 source
|
| Processing time | 3 days1 source
|
| Eligible property types | Apartment, Villa, Townhouse, Off-plan1 source
|
| Shariah compliance | |
| Shariah structure | —No evidence recorded |
| Profit rate basis | —No evidence recorded |
| Shariah board reference | —No evidence recorded |
| Eligibility | |
| Minimum monthly income | AED 22,000.001 source
|
| Minimum age | 25 years1 source
|
| Maximum age at maturity | 60 years1 source
|
| Residency eligibility | Residents and UAE nationals1 source
|
| Eligible employer types | Private sector, Government1 source
|
| Minimum tenure | 60 months1 source
|
| Maximum tenure | 300 months1 source
|