RAKBANK RAKIslamic Personal Finance
To Speak to an advisor, Kindly Call +971-43233236
Email Us: sales@compare4benefit.com
Based on the contract of Salam, the Sharia Compliant Personal Finance can help you live the life you want, while at the same time ensuring you can afford it.
Major Advantage: High finance amount, Low salary requirement
Points to Consider: There is a processing fees
Major Feature: Free RAK BANK Credit Card free for life
Minimum Salary Requirement: AED 5,000
Reducing Rate (as advertised): 5.99% p.a.
Flat Rate: 3.18% p.a. (as per 4 years calculation)
Processing Fees: 1% of the finance amount (Min AED 500, Max AED 2,500)
Maximum Finance Amount: AED 1,250,000 (up to 20 times of salary)
Islamic Finance: Yes
Maximum Term: 48 Months; 60 Months for Armed forces employees
Salary Transfer: Compulsory
Early Settlement Fees: 1% of outstanding amount
Takaful: Yes, a nominal amount will be charged
Holiday Period: Yes, Client can apply for one-month deferment after 6 months payments
Salaried/Self Employed: Only Salaried can apply
Minimum Salary: 7,000 AED
Reducing Rate 4.99%
Yalla Apply Now
