RAKBANK – Home in One

Mortgages

Features

Every deposit you make lowers your interest payments reducing your loan tenor
You can withdraw your available balance at any time, just like any current account
Interest is calculated on your daily balances, reducing the effective rate of interest
Home in One links your current account balances to your mortgage facility in order to reduce the mortgage balance you’re charged interest on. This will help reduce your mortgage payments each month.
Your low yielding deposits once placed in Home in One will yield the same rate as that on the loan. Additionally, you will have instant access to your funds.
Home in One is ideal for anyone buying a home whether for self-use or as an investment
The Account offers all facilities of a Current Account i.e. Debit Card, Cheque book, Internet and Mobile Banking.