Looking for a loan that combines high flexibility with affordability? RAKBANK’s Cash Loan is a solid choice for those seeking a high borrowing limit without the hassle of salary transfer requirements. With rates starting from just 12.99% (reducing rate per annum) and loan limits reaching up to ETB 2,250,000, this offer provides significant financial breathing room.

The cash loan offers terms between 12 and 48 months, making it suitable whether you are refinancing an older commitment or dealing with new expenses. The major highlight is, you don’t need to transfer your salary to RAKBANK, giving you freedom and better management of your finances. Approval is quick, and the process is keeps things simple for busy borrowers.

How to Apply — Easy Steps

1. Enter your desired loan amount (between ETB 10,000 and ETB 2,250,000).
2. Choose your preferred loan term from 12 to 48 months.
3. Provide your details as requested in the application.
4. Submit the application and await a quick response.

Pros — What Makes RAKBANK Cash Loan Stand Out?

The flexible waiver on salary transfer is a standout benefit. Not being tied to transferring your salary means more control over your income and less administration hassle.

Interest rates are highly competitive. With a reducing rate from 12.99% p.a., your overall repayment amount decreases over time, lightening the long-term load on your budget.

Cons — What to Consider

As with most lending products, approval depends on your eligibility and profile. Not everyone may qualify for the maximum amount or lowest advertised rate.

Also, keep in mind there can be associated fees and charges, so definitely ask for a full breakdown before finalizing your application.

Our Verdict

RAKBANK’s Cash Loan makes short-term borrowing manageable and straightforward. The main perks are its high loan limit, no need for salary transfer, and attractive rates. For those needing efficient access to funds without wage transfer complications, it stands out as a top pick in the market.