Frequently Asked Question Topics
Credit Card Takeover
EMI Free Loan
Personal Loan (EMI)
Premium Bike Loan
Special Purpose Loan
Our affiliate NBFCs offers Advance Salary loans for 10 and 20 days. Other, Special purpose loans are offered from 3 months to 33 months, as per the agreement term.
For Advance Salary, once during the facility period, on the due date. Interest or EMI servicing for other Special Purpose loans need to be done once in month, as per the due date.
Special purpose loans can be done for an amount starting from Rs. 10,000/- upto Rs. 4 Lakhs
Yes, charges will apply as per the current Service & Price guide.
Amount payable would be subject to credit approval.
A salary based individual having his or her salary or pension transferred to RAKBANK (Subject to receiving a minimum of three salaries credited to the account).
A Salary Advance is a temporary advance against salary or pension, where your salary is transferred directly to RAKBANK. This advance is repaid by the following month’s salary credited into the account.