RAK Auto Loan

National Bank of Ras Al-Khaimah PJSC (RAKBANK)

National Bank of Ras Al-Khaimah PJSC (RAKBANK) logo
Vehicle Type Car
Loan Type Personal
Loan Tenor 60 months
Interest Rate 2.85% reducing (Fixed rates: 2.85% - 3.49% flat p.a. (reducing 5.36% - 6.50%) for new vehicles, 2.85% - 3.69% flat p.a. (reducing 5.36% - 6.90%) for used vehicles)
Flat Interest Rate 2.85% (Flat rates vary by segment: New cars (2.85% - 3.49% flat p.a.), Used cars (2.85% - 3.69% flat p.a.))
Processing Fee 1.05% (1.05% of loan amount (Min AED 525, Max AED 2,625, includes VAT))

Features

Flexible repayment up to 60 months; Available for new and used vehicles; Quick approval process

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