National Bank of Ras Al-Khaimah PJSC (RAKBANK)

Ras Al Khaimah

https://www.rakbank.ae

Bank Logo
National Bank of Ras Al-Khaimah PJSC (RAKBANK)

Branches

National Bank of Ras Al-Khaimah PJSC (RAKBANK) RAKBANK Branch - Al Nakheel

RAKBANK Branch - Al Nakheel

opposite to The Al Ansari Exchange - Al Nakheel - Ras Al Khaimah

National Bank of Ras Al-Khaimah PJSC (RAKBANK) Rak Bank The National Bank of Ras Al Khaimah (P.S.C)

Rak Bank The National Bank of Ras Al Khaimah (P.S.C)

9G5F+VHF - Musaffah - Musaffah Industrial - Abu Dhabi

National Bank of Ras Al-Khaimah PJSC (RAKBANK) RAKBANK Branch - Al Hamra

RAKBANK Branch - Al Hamra

Zamil Steel Industries RAK - Branch - Al Jazeera Al Hamra Industrial - Ras Al Khaimah

Personal

Credit Cards

National Bank of Ras Al-Khaimah PJSC (RAKBANK) Logo
APR: 43.80%
Annual Fee: AED997.50
Interest-Free Period: -55 days
Cash Advance Fee: 3.15% (min 105.00 AED)

Benefits:

Unlimited complimentary airport lounge access, cashback on all spends, travel benefits, lifestyle privileges, and savings.

National Bank of Ras Al-Khaimah PJSC (RAKBANK) Logo
APR: 43.80%
Annual Fee: AED0.00
Interest-Free Period: -55 days
Cash Advance Fee: 3.15% (min 100.00 AED)

Benefits:

Cashback up to 1.5%, free for life credit card, complimentary airport lounge access, free international remittances, lifestyle privileges.

Deposits

National Bank of Ras Al-Khaimah PJSC (RAKBANK) Logo
Minimum Deposit: AED 25,000.00
Tenure: 30 - 1095 days
Interest Rate: 2.1%
Payment Frequency: On Maturity
Early Withdrawal Penalty: 2% reduction on applicable interest rate.
Islamic Deposit: No

Features:

Auto-renewal available; overdraft facility up to 90% of deposit.

National Bank of Ras Al-Khaimah PJSC (RAKBANK) Logo
Minimum Deposit: AED 10,000.00
Tenure: 30 - 730 days
Interest Rate: 1%
Payment Frequency: Monthly, Quarterly, On Maturity
Early Withdrawal Penalty: Lower interest applies on withdrawn amount.
Islamic Deposit: No

Features:

Automatically transfers excess funds from linked account.

Mortgages

National Bank of Ras Al-Khaimah PJSC (RAKBANK) Logo
Interest Rate: 4.50%
APR: N/A
Max Loan Amount: AED 13,000,000.00
Loan Tenure: 300 months
Loan-to-Value (LTV): 85.00%
Processing Fee: 1.05% of loan amount.

Features:

Applicable for single or joint property ownership.

National Bank of Ras Al-Khaimah PJSC (RAKBANK) Logo
Interest Rate: 4.99%
APR: N/A
Max Loan Amount: AED 13,000,000.00
Loan Tenure: 300 months
Loan-to-Value (LTV): 85.00%
Processing Fee: 1.05% of loan amount.

Features:

Linked account balances offset interest payments, potentially reducing loan costs significantly.

Car Loans

National Bank of Ras Al-Khaimah PJSC (RAKBANK) Logo
Interest Rate: 2.85% reducing
Maximum Loan Amount:
Loan Tenure: 60 months
Loan-to-Value (LTV): 80.00%

Features:

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

Personal Loans

National Bank of Ras Al-Khaimah PJSC (RAKBANK) Logo
Flat Interest Rate: N/A
Reducing Rate: N/A
Max Loan Amount: AED 500,000.00
Loan Tenure: 48 months
Min Salary: AED 3,000
Processing Fee: 1.00%

Features:

Available in both conventional and Islamic variants; salary transfer required.

National Bank of Ras Al-Khaimah PJSC (RAKBANK) Logo
Flat Interest Rate: N/A
Reducing Rate: N/A
Max Loan Amount: AED 1,000,000.00
Loan Tenure: 48 months
Min Salary: AED 5,000
Processing Fee: 1.00%

Features:

Available in both conventional and Islamic variants; mandatory salary transfer.

Savings Accounts

National Bank of Ras Al-Khaimah PJSC (RAKBANK) Logo
Interest Rate -0.60% - 0.25%
Minimum Balance: AED 3,000.00
Account Type Standard
Open Online: No
National Bank of Ras Al-Khaimah PJSC (RAKBANK) Logo
Interest Rate 0.15% - 0.75%
Minimum Balance: AED 3,000.00
Account Type Standard
Open Online: Yes

Business

SWIFT Codes

National Bank of Ras Al-Khaimah PJSC (RAKBANK)
NRAKAEAK

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