RAKBANK launches 3-year fixed pricing from 3.89% — buyout at 3.89% with AED 3,000 valuation fee refunded
RAKBANK
RAKBANK has issued pricing and promotion changes effective Thursday 16 July 2026. The headline: a new 3-year fixed product from 3.89%, a 3.89% 3-year buyout rate open to all customers with the AED 3,000 valuation fee refunded, and a set of reversions to eligibility criteria and LTV limits.
New 3-year fixed pricing (all customers, HIO and non-HIO)
| Segment | Customer | 3-yr fixed | Follow-on (non-HIO) | Follow-on (HIO) |
|---|---|---|---|---|
| Salaried | Elite — salary transfer | 3.89% | 1.69% | 1.94% |
| Elite — non-salary transfer | 4.09% | 1.69% | 1.94% | |
| Non-Elite — salary transfer | 3.99% | 1.69% | 1.94% | |
| Non-Elite — non-salary transfer | 4.19% | 1.69% | 1.94% | |
| Self-employed | Elite and RAKBANK Business Banking relationship | 4.10% | 1.75% | 2.00% |
| Elite or RAKBANK Business Banking relationship | 4.29% | 1.75% | 2.00% | |
| Non-Elite | 4.49% | 1.89% | 2.14% | |
| Low docs | All customers (ready properties) | 4.59% | 1.99% | 2.24% |
Follow-on figures are the reversion margins applied after the fixed period (over EIBOR), as stated in the circular. HIO = RAKBANK’s Home in One account.
3-year buyout: 3.89% for all customers
- 3.89% 3-year buyout rate available to ALL customers — not restricted to Elite or salary-transfer segments.
- AED 3,000 valuation fee refunded.
Revisions to eligibility and lending criteria
| Criteria | Revised position |
|---|---|
| Maximum LTV | Up to 80% (expat first property) · 85% first property for UAE nationals |
| Minimum AECB score | 541 |
| Minimum length of service (salaried) | 3 months for confirmed employees if salary above AED 25K, else 6 months confirmed |
| Minimum length of business (self-employed) | Full doc: minimum 2+ years for up to 80% LTV · Low docs: 1+ year at 60% LTV, 2+ years at 65% LTV |
| Maximum loan amount | AED 20M for salaried & low-doc policy customers · AED 30M for self-employed full-doc |
| Investment / subsequent properties | Maximum LTV 60% |
| Non-resident customers | Reinstated to standard 60% LTV; Golden Visa holders up to 75% |
What it means for borrowers
- 3.89% for three years matches the sharpest verified fixed rates in the market (UAB and Emirates NBD at 3.89%) — but with 3 years of payment certainty instead of 1–2.
- The buyout offer is unusually open: 3.89% for all customers — no Elite or salary-transfer gate — plus the AED 3,000 valuation fee refunded. If you’re paying 4.5%+ elsewhere, this is worth a break-even check.
- Non-residents are back to standard terms: 60% LTV reinstated, and 75% for Golden Visa holders — relevant if you were quoted lower during the interim tightening.
- Faster eligibility for new joiners: salaried applicants earning above AED 25K/month now qualify after just 3 months of confirmed service.
Weighing RAKBANK’s 3-year fixed or the 3.89% buyout against the market? We compare it with verified pricing from 15+ banks — free, commission-free.
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