Bradgate Heights Mortgages
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RAKBANK Mortgage — Straightforward Home Finance Across the UAE

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RAKBANK (National Bank of Ras Al Khaimah) offers straightforward and accessible mortgage products for both UAE nationals and expatriates, with a reputation for approachable lending criteria and fast turnaround times. RAKBANK is a popular choice for buyers in the Northern Emirates as well as Dubai and Abu Dhabi.

Key Features

  • ✓Accessible lending criteria for expats
  • ✓Northern Emirates specialist knowledge
  • ✓Competitive fixed and variable rate options
  • ✓Finance for villas, apartments and townhouses

Typical Rates

From 4.09% fixed for 1 year, reverting to EIBOR + 1.60%

Rates are indicative and subject to change. Contact us for a personalised quote.

Frequently Asked Questions

Does RAKBANK finance properties in Ras Al Khaimah?+
Yes, RAKBANK has strong expertise in financing properties across Ras Al Khaimah including popular communities such as Al Hamra Village and Mina Al Arab. This makes them an excellent choice for buyers looking at RAK's growing real estate market.
What is the minimum income required for a RAKBANK mortgage?+
RAKBANK typically requires a minimum monthly income of AED 10,000 for salaried applicants, making it one of the more accessible options for buyers with moderate income levels. Self-employed applicants need to demonstrate stable income over at least 2 years.
How long is the RAKBANK mortgage approval process?+
RAKBANK aims to provide pre-approval within 3–5 working days of receiving a complete application. Full approval after property valuation typically takes 7–14 working days, depending on the complexity of the transaction.
Can I finance an off-plan property through RAKBANK?+
RAKBANK does offer finance for off-plan properties, though the approved developer and project list is more limited compared to larger banks. It is advisable to check with your broker whether your chosen development is on RAKBANK's approved list before proceeding.

Ready to apply with RAKBANK?

Let Bradgate Heights handle the application for you. We manage every step from pre-approval through to completion.

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