Credit Bureau Consent, Welcome Offer & General Terms & Conditions

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FAB Loans for Small Buildings

FAB Bank

Loans for Small Buildings

Flat Rate

2.1%

Reducing Rate

3.99%

Early Settlement Fee

1.05%

Arrangement Fee

0.5%

Down Payment

15%

Repayments Up To

20 Years

flat rate

2.1%

Flat Rate

reducing rate

3.99%

Reducing Rate

early settlement fee

1.05%

Early Settlement Fee

arrangement fee

0.5%

Arrangement Fee

down payment

15%

Down Payment

repayment

20 Years

Repayments Up To

View details on bank page

Features

  • Loans are provided for new purchase or a refinance for completed residential buildings in the UAE.
  • Enjoy best competitive interest rates.
  • Loans offered up to AED 100 million or up to 70% of the property value.
  • Loan tenure is up to 20 years.
  • Flexible repayment terms from rental income.
  • 1% standard processing fee.
  • The arrangement fee is 0.5%+ VAT
  • Property management provided by FAB.
  • Life and property insurance coverage

Benefits

  • High loan amount
  • Quick and transparent process
  • Long repayment period of up to 20 years
  • Easy asset management
  • No requirement of salary transfer
  • High financing ratio up to 70% of the property value
  • Get loans for small building offer for fresh loans and buyout options
  • Simple documentation like income documents, property documents and signed mortgage application

Frequently Asked Questions

Q. Who can apply for this loan

A. Salaried employees and self-employees can apply for this loan.

Q. What is the interest rate for a small building loan?

A. The Interest rate is flat starting from 3.99%

Q. What is the loan repayment tenure?

A. The loan repayment tenure is 20 years

Q. Is Insurance covered?

A. Yes, both personal and property insurance is covered.

Q. How much is the loan amount?

A. Loan provided is up to AED 100 million or up to 70% of the property value

FAB

First Abu Dhabi Bank (FAB) is one of the largest banking institutions established in 2017 and is a merger of NBAD and FGB. FAB offers tailor made solutions, products and services to the customers.The international network of FAB is spread over 5 continents providing global relationships, expertise and financial strength to local and international business. FAB offers its diversifying services by having differentiation, agility and innovation as their main motto and vision

   Get in touch with FAB Customer Care