RAKBANK Self-Employed Mortgage
How business owners get approved at RAKBANK — verified pricing, the documents that matter, and honest positioning. Commission-free.
Self-employed and running your own business? RAKBANK is one of the banks we place business-owner files with — commission-free. Advertised rates below are verified from official circulars; we confirm your exact terms free.
Advertised rate — we confirm RAKBANK's current best pricing for your profile, free.
Can the self-employed get a RAKBANK mortgage?
Yes — business owners, partners and freelancers can finance property through RAKBANK. Self-employed files are assessed differently from salaried ones: banks look at your trade licence history (typically 2+ years), audited financials or bank statements, and apply an income haircut of roughly 20–40% to smooth variable earnings. Positioning the file correctly is most of the battle — that’s our job.
RAKBANK advertised rates
| Segment | Advertised fixed rate | After the fixed period | Verified |
|---|---|---|---|
| Non-salary transfer | 4.19% · 2-yr fixed | then 1.69% + 3M EIBOR | 2026-07-12 |
| Self-employed | 4.35% · 2-yr fixed | then 1.75% + 3M EIBOR | 2026-07-12 |
| Salary transfer | 3.99% · 2-yr fixed | then 1.69% + 3M EIBOR | 2026-07-12 |
RAKBANK publishes a dedicated self-employed segment in our verified set — see the SE rows above. Final pricing is confirmed on application.
What RAKBANK will ask for
- Trade licence (usually 2+ years) and company documents (MOA, share certificates).
- Audited financials and/or 6–12 months of business + personal bank statements.
- Existing liabilities — your total instalments must fit the UAE-wide 50% debt burden ratio.
- Standard LTV caps apply: up to 80% on a first property ≤ AED 5M (residents); self-employed low-doc products can sit lower — we confirm your exact limit.
How we get self-employed files approved
- We pre-check your income calculation the way the credit team will — before the bank sees it.
- If RAKBANK isn’t the right home for your profile, we’ll say so and place you with the bank most likely to approve — we compare 15+.
- Commission-free: the bank pays us on completion, never you.
Latest verified RAKBANK updates
- RAKBANK launches 3-year fixed pricing from 3.89% — buyout at 3.89% with AED 3,000 valuation fee refunded
- RAKBANK refreshes mortgage pricing — 3.99% buyout, Elite STL fixed for 2 years; new rates effective 29 April
- RAKBANK cuts mortgage rates to 3.99% — zero processing fees for salaried buyers
RAKBANK self-employed FAQs
What rate do the self-employed get at RAKBANK?
How many years of trade licence do I need?
Do I need audited financials?
Is RAKBANK the best bank for self-employed borrowers?
RAKBANK mortgage overview → · UAE self-employed guide → · Check eligibility →
Compare with other UAE banks
Not sure which bank fits your profile? See current UAE mortgage rates, check your eligibility, work out your DBR or estimate your monthly payment — then we compare all of them for you, free.