x Abu Dhabi, UAEFriday 28 July 2017

Deals of the Week: RAKBank sweetens its deals with an on-the-go app

RAKBank has launched a new mobile banking app of special offers through its RAKBankdeals.ae platform.

RAKBank has launched a mobile app for cardholders to take advantage of a host of exclusive deals, including dining and shopping programmes. WAM
RAKBank has launched a mobile app for cardholders to take advantage of a host of exclusive deals, including dining and shopping programmes. WAM

Cardholders can find the best deals based on their location

RAKBank, the Ras Al Khaimah-based retail lender, has launched a new mobile banking app that allows customers to take advantage of special offers through its RAKBankdeals.ae platform.

The bank says the app, which can be downloaded online, is compatible with most Web-enabled smartphones, such as the iPhone, BlackBerry and Android devices.

"With RAKBankdeals.ae enjoying a growing popularity, we introduced this new application so our customers can access a wide array of exclusive, attractive deals while they are on the go," says Banali Malhotra, the head of marketing at RAKBank.

Cardholders can also share news of the deals with their family and friends via SMS, email or through social-networking sites, including Facebook and Twitter.

RAKBankdeals.ae, which the bank launched late last year, is a one-stop online platform designed for RAKBanks's credit, debit and prepaid cardholders who want to take advantage of exclusive privileges and loyalty programmes.

These include access to the lender's weekly deals, which offer discounts of 50 per cent and more from 80 brands. The app also offers a dining discount programme, prepaid card offers and buy one get one free deals. For details, go to www.rakbank.ae.

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Mashreq has updated its tailor-made Majestic loan bundle that guarantees customers will receive cash in their accounts in 24 hours if their application is successful.

Dubai's third-largest lender by assets is also giving away free holiday vouchers to all customers who apply for a loan, as well as the option to apply for job-loss insurance.

"At Mashreq, we understand customer requirements and needs and constantly look at various value-added benefits to offer them throughout the year," says Ambar Brahmachary, the head of marketing and customer experience at Mashreq.

"The Majestic loan is designed to ease the financial hassle families endure during the summer season."

Interest rates for the loans start at 6.99 per cent, while the bank is offering a payment holiday of up to 60 days. Customers will also receive a free credit card for the first year, a current account with no fall-below fees and an overdraft facility, also for the first year.

Mashreq launched its Majestic loan bundle, which includes personal loans, mortgages and financing for small-to-medium businesses, in September last year.

Go to www.mashreqbank.com for details.

pf@thenational.ae