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RAK Bank Home in One

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RAK Bank Home in One


  • This finance is a combination of current account and Home Finance
  • Home in One is ideal for anyone who is buying a home for self-use or investment
  • Every deposit you make in your current account lowers your interest payment reducing your loan tenure
  • You can withdraw your balance at any point in time
  • Interest is calculated on your daily balance, reducing the effective rate of interest
  • There is a monthly fee of AED 25
  • Bundled Emirates Skywards World Elite Credit Card offered with the loan
  • You can move your existing Mortgage Loan to RAKBANK at 0% processing fees.


  • Minimum Salary Requirement: AED 15,000
  • Minimum Length of Service Required: 6 months for salaried & 2 years for self-employed
  • Salary Transfer: Not compulsory.
  • Minimum Down payment: 20%

Documents Required

Basic Documents:  

  • Valid Passport, Visa, and Emirates ID Copy.
  • Offer letter copies of all personal ongoing finance.
  • Property documents (If the property is finalized or equity release).
  • Liability letter (In case of Buyout only).
  • Relevant property documents.

For Salaried:

  • Latest salary certificate addressed to RAK Bank.
  • Latest 6 months personal bank statement.
  • Six months payslips if there is variance in salary.

For Self-Employed:

  • Valid trade company license.
  • MOA (Memorandum of Association) including all amendments.
  • Latest 6 months personal bank statement.
  • Latest 6 months company bank statement.
  • Audit financials of the last 2 years.
  • Offer letter copies of all company ongoing finance (for self-employed).

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