3 months of WPS credits, existing EMIs, and POS spending — laid out the way a RAKBANK credit officer reads them.
Convert your statementRAKBANK is known for accessible personal loans, especially for mid-income expats. The standard ask is three months of statements. The credit officer checks WPS salary regularity, existing LOAN EMI rows, DIRECT DEBIT load (insurance, school fees), and overall spending discipline. The UAE Central Bank caps the debt burden ratio at 50% of monthly salary — so every EMI on the statement counts against your headroom.
Transferring your salary to RAKBANK usually unlocks a better rate. The statement is the proof that the salary actually lands there each month, not just that you said it would.
Returned payments, frequent cash advances, and overdraft events are negative signals. Stable WPS salary on the same day each month, low monthly POS variation, and a flat or growing closing balance are positive. The converted Excel lets you see all of these at once instead of scrolling a 12-page PDF.
If a client transfer arrived once and won't repeat, the underwriter wants to know that. The category column lets you flag it as one-off before submission.
Three months of statements is roughly 100-300 rows. The underwriter scans for the patterns below.
Primarily English PDF. Some product descriptions in Arabic. Dates DD/MM/YYYY. Modern digitally generated layout: transaction date, posting date, description, debit, credit, balance. Account type, IBAN, and statement period clearly shown. Summary section at end shows total debits, credits, and closing balance. No multi-currency complexity for most retail accounts.
| Label | Meaning |
|---|---|
| POS PURCHASE | Card payment at merchant terminal |
| ATM WITHDRAWAL | Cash dispensed from ATM |
| SALARY | WPS salary credit from employer |
| LOAN EMI | Monthly personal loan instalment |
| ONLINE TRANSFER | Fund transfer via internet banking |
UAE personal loan applications require 3–6 months; Central Bank capped debt-burden ratio at 50% of salary, so lenders calculate total monthly obligations from the statement.
Download 3 months of RAKBANK statements
From RAKBANK Mobile, pull the last three statement months covering today's date. Save each PDF.
Upload and merge
Drop all three PDFs into Kashfbank. We extract each and merge into one chronological spreadsheet.
Tag salary and EMIs
Use the Category column to mark SALARY, EMI, DIRECT DEBIT, POS, and Other. The descriptor stays attached so the bank sees the source.
Export and review
Download the CSV. Sort by category. Check for any returned payments or overdraft rows before submission.
Common challenges
How many months does RAKBANK want for a personal loan?
Three months is standard for personal loans. Some products — like top-ups on existing loans — may accept less. Business loans usually want six to twelve months of the business account.
Will the lender see my POS spending in detail?
Yes. The full descriptor stays on each row in the CSV — merchant name, amount, date. Sensitive merchant categories (medical, for example) cannot be redacted without altering the statement, and lenders typically want the unmodified version.
Does the UAE Central Bank 50% DBR cap apply here?
Yes. RAKBANK calculates total monthly obligations (existing EMIs plus the new one) against your declared monthly salary. The statement is where they verify both numbers.
My salary hits on the 28th sometimes and the 1st sometimes. Is that a problem?
WPS timing shifts around holidays. The underwriter looks at whether the salary lands once per calendar month, not at the exact day. Three months of statements clarifies that.
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Regulator: Central Bank of the UAE (CBUAE)
Fiscal year: Jan 1 – Dec 31 (Gregorian)
Full country guide →Statement language: English