You have the rest of your life to pay back your loan. Unlike a bank or a credit card company, your life insurer wont come after you demanding payment.

However, this kind of loan also has some downsides, such as: Limited Value. The amount you can borrow against your life insurance depends on the value of the policy. However, it takes years for a life insurance policy to build up a significant cash value.

This means that in the early years of your policy, you wont be able to borrow very much. But most payday loans are only a few hundred dollars, and theres a good chance you can tap your insurance for that much. Lower Death Benefit.

Rak bank personal loan interest rates in uae

Paying your loan over 3 months gives you more flexibility if you struggle to pay your payday loan off in one payment, however please remember that by spreading the loan over multiple months you may be paying more overall. How it works. Decide if you would like a short term loan or a personal loan. Use our sliders to select the total loan amount that you wish to borrow. You can also select how long you with to borrow for. For short term loans, choose up to £3,000 and for personal loans you can apply for up to £25,000.

Complete our 100 online application form.

Rak bank personal loan interest rates in uae

It is protected by top-notch security software and absolutely free for you to use. No Obligations or Hidden Fees. Get Connected with a Lender. You will be connected with one of our lenders and receive your loan decision.

Even the users with imperfect credit may be offered a loan. Fast Access to Lenders. Money is Deposited Directly. E-sign documents to accept your loan offer and get cash directly deposited in as soon as the next business day.

Rak bank personal loan interest rates in uae