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 UAE Nationals

FAB Bank

Personal loan for UAE Nationals

Minimum Salary

AED 7K

Reducing Rate

5.95%

Loan Amount

AED 5000K

Early Settlement Fee

1.05%

Arrangement Fee

1.05%

minimum salary

AED 7K

Minimum Salary

reducing rate

5.95%

Reducing Rate

max finance

AED 5000K

Loan Amount

early settlement fee

1.05%

Early Settlement Fee

arrangement fee

1.05%

Arrangement Fee

View details on bank page

Features

  • Maximum tenure of 48 months is provided
  • Applicant must be UAE national of at least 21 yrs old
  • Get fixed Interest rate at 4.89 % per year for Multi Product Package (with a salary transfer to your FAB account and holding a credit card from FAB)
  • Get Variable interest rate of 5.95% per year for a salary transfer to your FAB account without holding a FAB credit card
  • Reducing rates starts at 5.95%
  • Get up to AED 10,000 FAB rewards when you transfer salary to FAB account holding FAB credit card
  • Offers are valid only for UAE Nationals
  • This is a Variable Interest Rate Loan linked to a Personal Loan Base Rate
  • Interest rates listed are effective rates of outstanding balance
  • Interest rates may vary depending on credit score, approval criteria and income.
  • A minimum monthly salary of AED 7000 is needed
  • A maximum loan amount of AED 5 Million is provided

Benefits

  • You can achieve financial goals with FAB personal loan by enjoying the best interest rates which start at 4.89 percent per year
  • Get the privilege of flexible repayment with 180 days first installment grace period.
  • Minimum documentation
  • Quick approval
  • Comprehensive life insurance coverage

Frequently Asked Questions

⭐ What is the loan cancellation fee for the given personal loan?

A. If canceled before disbursal AED 100 will be a loan cancellation fee for this particular personal loan.

⭐ How many days does it take to get the credit decision?

A. It takes not more than a few minutes, but sometimes it may take longer depending on the situation.

⭐ Are there any late payment fee for a personal loan?

A. Yes, 2% of the overdue amount with minimum AED 50 and maximum AED 200 will be the late payment fee for FAB personal loan.

⭐ Does getting pre-qualified for a personal loan can affect my credit score?

A. No getting pre-qualified for a personal loan doesn’t affect the credit score.

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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