Credit Bureau Consent, Welcome Offer & General Terms & Conditions

I hereby acknowledge and agree to allow Citibank to share my details with any UAE credit bureau and make enquiries about me with any UAE credit bureau at its sole and absolute discretion. I agree to the Terms and Conditions listed below. Citibank Terms and Conditions apply, are subject to change without prior notice and are available upon request. For the current Terms and Conditions, please visit our website www.citibank.ae. All offers are made available on a best-effort basis and at the sole discretion of Citibank, N.A. Citibank, N.A. makes no warranties and assumes no liability or responsibility with respect to the products and services provided by partners/other entities. By inquiring about our services, offers or products, you will be authorizing our representatives to approach you on your contact details including your telephone/mobile number for any product or service offered by Citibank. The applicant agrees to be bound by Citibank’s General Terms and Conditions available on the website www.citibank.ae. The applicant hereby represents and warrants that the information provided herein is true, accurate, and complete and that he/she agrees to remain responsible for and to indemnify Citibank, N.A. from and against any losses, claims and/or liabilities incurred by Citibank NA as a result of having relied on such information. Citibank, N.A. is not required to verify the information provided by the applicant and neither is the bank obliged to provide the applicant with any loans or credit facilities based on the provided information. The products and services mentioned on this website are not offered to individuals resident in the European Union, European Economic Area, Switzerland, Guernsey, Jersey, Monaco, San Marino, Vatican, The Isle of Man or the UK. This page is not, and should not be construed as, an offer, invitation or solicitation to buy or sell any of the products and services mentioned herein to such individuals.

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FAB Personal loan for Expats

FAB Bank

Personal loan for Expats

Minimum Salary

AED 7K

Flat Rate

2.19%

Reducing Rate

6.95%

Loan Amount

AED 2000K

Early Settlement Fee

1.05%

Arrangement Fee

1.05%

Advantages

  • Personal life insurance coverage is provided
  • Quick approval
minimum salary

AED 7K

Minimum Salary

flat rate

2.19%

Flat Rate

reducing rate

6.95%

Reducing Rate

max finance

AED 2000K

Loan Amount

early settlement fee

1.05%

Early Settlement Fee

arrangement fee

1.05%

Arrangement Fee

Advantages

  • Personal life insurance coverage is provided
  • Quick approval

View details on bank page

Features

  • Get a fixed Interest rate at 5.34 % per year for Multi Product Package (with a salary transfer to your FAB account and holding a credit card from FAB)
  • Get a Variable interest rate of 6.95% per year for a salary transfer to your FAB account without holding a FAB credit card
  • A reducing rate of 6.95% and a flat rate of 3.55% is charged. The flat rate is calculated by dividing the reducing rate by 1.814 (Indicative only)
  • A minimum salary of AED 7000 is required
  • Salary transfer is required with or without holding FAB credit card
  • Maximum loan amount of AED 2 Million is provided

Benefits

  • Comprehensive personal life insurance coverage
  • You can achieve financial goals with FAB personal loan by enjoying the best interest rates which start at 5.34 percent per year
  • Get the privilege of flexible repayment with 120 days first installment grace period.
  • Enjoy quick and easy approvals with hassle free documents.
  • Get up to AED 7,500 FAB rewards when you transfer salary to FAB account holding FAB credit card

Frequently Asked Questions

⭐ Is there any fee for rescheduling of the loan in FAB?

A. Yes, for the given loan rescheduling fee is AED 262.5.

⭐ Can I get a personal loan for business purpose in FAB?

A. Yes, you can get a personal loan for business purpose also.

⭐ Do we need to provide proof of income to be eligible for a personal loan?

A. Yes, you need to provide a minimum of 3 months bank statements showing salary credits.

⭐ Are there any processing fees even on the top up loans?

A. Yes, on top-up loans a processing fee of 1.05% of the loan amount is charged.

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

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