RAKBANK Mortgage Review UAE 2026
RAKBANK (formerly known as National Bank of Ras Al Khaimah) has evolved into one of the UAE's most accessible retail banks, with mortgage products designed to serve a broad range of customers. RAKBANK's standout feature is its AED 8,000 minimum salary requirement — the lowest among major UAE banks — making it ideal for first-time buyers and lower-income earners. RAKBANK also accepts a very broad range of nationalities (100+) and has strong coverage across the northern emirates (Ras Al Khaimah, Sharjah, Ajman).
RAKBANK Mortgage Rates
| Rate Type | Rate |
|---|---|
| Fixed Rate (1-year) | From 3.75% p.a. |
RAKBANK Eligibility
- Minimum salary: AED 8,000
- Maximum LTV (expats): 75%
- Established: 1976
- Headquartered: Ras Al Khaimah, UAE
- Total assets: AED 70 billion+
Best For
Lower-income earners (AED 8,000-12,000/month), first-time buyers, and buyers in northern emirates
Compare RAKBANK Mortgages
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Also see: All UAE Banks | Bank Comparisons