Apply for Personal Loan
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FAB Personal Loans offer amount up to AED 5 million for UAE nationals and up to AED 2 million for Expats.
FAB Personal Loans offer are designed as flexible, low-cost loan packages for expatriates residing in the UAE and UAE Nationals. The borrower can apply for a loan amount up to 20 times of salary with interest rates starting from 3.99% for the ex-pats and UAE Nationals respectively. They also offer a grace period of up to three months before your first repayment. There are various Personal Loans available to apply for as mentioned below:
| Loan Name | Minimum Salary Required | Interest Rate | Max. Loan Amount |
|---|---|---|---|
| Non-Salary Transfer Personal Loan for UAE Nationals | AED 25,000 | 5.49% | AED 1 Million |
| Personal Loan for UAE Nationals | AED 7,000 | 3.99% | AED 5 Million |
| Personal Loan for Expats | AED 7,000 | 3.99% | AED 2 Million |
Non-Salary Transfer Personal Loan for UAE Nationals
Minimum Salary Required
AED 25,000
Reducing Rate
Starting 5.49%
Maximum Loan Amount
AED 1 Million
Features and Benefits
Features & Benefits
-
High loan amounts of up to AED 1 million
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The profit rate starts at 5.49%
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Flexible payment terms of up to 48 months (or up to 60 months for Ministry of Defence employees)
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No salary transfer required
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Only UAE Nationals can apply for this scheme
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A minimum of 18 months service with your current employer required
Personal Loan for UAE Nationals
Minimum Salary Required
AED 7,000
Reducing Rate
Starting 3.99%
Maximum Loan Amount
AED 5 Million
Features and Benefits
Features & Benefits
-
A minimum salary of AED 7000 is required
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Interest rate starting from 3.99%
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The repayment period is up to 48 months (or up to 60 months for employees of the Ministry of Defense)
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Maximum Finance amount up to AED 5000000
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Only UAE Nationals can apply for this scheme
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Comprehensive personal life insurance coverage
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Salary Transfer Mandatory
Personal Loan for Expats
Minimum Salary Required
AED 7,000
Reducing Rate
Starting 3.99%
Maximum Loan Amount
AED 2 Million
Features and Benefits
Features
-
A minimum salary of AED 7,000 is required
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The profit rate starts at 3.99%
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90 day grace period before first repayment
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Comprehensive life insurance coverage
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The repayment period is up to 4 years
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Finance up to AED 2000000
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Salary Transfer Mandatory
Documents Required to apply for FAB Personal Loan in UAE
1. Passport and Visa Copy
2. Emirates ID
3. Income Proof – Valid Salary Certificate to FAB
4. 3 Months Bank Statement
5. Salary Transfer Letter
6. Liability letter in case of Buyout loan
7. Signed and completed application
Get in touch with First Abu Dhabi Bank Customer Care 600525500
Frequently Asked Questions for FAB Personal Loans
Who can apply for FAB Personal Loans?
All UAE residents (UAE Nationals and Expatriates) and non-residents earning sufficient income from either a salary or from running a company (self-employed), are eligible to apply for FAB Personal Loans.
What is the minimum income required per month to take a Personal Loan from FAB?
A minimum Salary of AED 7,000 is required to apply for a personal loan with FAB.
How can I make a request to postpone my payments?
You can simply make your request by:
1. Applying through the FAB Mobile app. You can also upload the required documents through the app.
2. Emailing here2help@bankfab.com by using the email address you have registered with FAB
3. Remember to include all of the required documents in your email. Requests without required documents will not be processed.
Am I allowed to fully settle my loan at any time?
Yes, you may fully repay your personal loan at any time. However, the Bank may charge an early settlement fee.
How much is the early settlement fee?
FAB personal loan borrowers are charged an early settlement fee of 1.05% of the remaining balance (Max AED 10,500)
How much is the processing fee for FAB Personal Loan?
1.05% of the loan amount
Min. AED 525
Max AED 2,625
*Disclaimer: The information provided by UAE Cash Loans on bank loan rates/information is on our best effort basis. As the interest rates and terms are dynamic, the data provided on UAE Cash Loans online portal is for information purposes only and does not constitute advice. Please always check with the banks or credit providers directly before committing yourselves. We take no responsibility for any contract or service you avail through such Banks, Financial Institutions or Agents.