Six months of statements, one clean spreadsheet. Salary, EMI load, and down payment trace — the way the underwriter wants it.
Convert for mortgageUAE mortgage applications need at least six months of statements. The CBUAE caps loan-to-value at 80% for UAE nationals and 75% for expats on first properties below AED 5M. That means a 20-25% down payment, and the down payment must be seasoned — sitting in the account for 60+ days, not a sudden new transfer.
RAKBANK offers home finance products aimed at the mid-income and lower-income brackets. The converted statement is what the credit officer reads to confirm salary stability, low existing obligations, and a clean down payment story.
Underwriters trace large deposits back at least 60 days. A family gift, a savings transfer, or an asset sale all need a clear source. The descriptor on the RAKBANK statement carries the counterparty name on ONLINE TRANSFER rows — that is the trace evidence.
If the down payment came from outside the UAE, the SWIFT-equivalent inbound is what shows up. The converted CSV preserves the descriptor so you can pair the row with the source-side document (sale agreement, gift letter, SWIFT confirmation).
Six months of statements is roughly 200-600 rows. The underwriter expects to see all of the 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 mortgage applicants must show 6 months of statements; CBUAE's maximum loan-to-value is 80% for UAE nationals and 75% for expatriates for first properties below AED 5M.
Pull six months from RAKBANK
From RAKBANK Mobile, download each month's statement covering the last six. Save all PDFs.
Upload all six at once
Kashfbank converts each PDF and merges into a single chronological spreadsheet.
Flag the down payment source
Locate the large deposit, tag the row with the source (Family gift / Asset sale / Savings transfer). Keep the supporting document alongside.
Export and submit
Download the CSV. Most RAKBANK mortgage desks accept both the bank PDF and your prepared Excel for faster underwriting.
Common challenges
How long does the down payment need to sit in my RAKBANK account?
Most UAE lenders want 60+ days of seasoning. RAKBANK follows the same rule. A six-month statement window is enough to show seasoning plus salary history in one file.
I'm an expat. What's the maximum LTV I can get?
75% for first property below AED 5M under CBUAE caps. So you need a 25% down payment, plus 4% Dubai Land Department fee and agent fees on top — all of which should show as available in your statement.
Can Kashfbank merge RAKBANK statements with statements from another bank?
Yes. Upload PDFs from each bank — we extract each into its own CSV. You can then merge them in Excel for a unified asset picture if the mortgage desk wants that.
My salary moved to RAKBANK three months ago. Is that enough?
Underwriters prefer six months at the same bank. Three months is short. If your prior salary was at another bank, bring three more months from there to fill the six-month window.
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Regulator: Central Bank of the UAE (CBUAE)
Fiscal year: Jan 1 – Dec 31 (Gregorian)
Full country guide →Statement language: English