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Car Loan Provided ByFirst Abu Dhabi (FAB)
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 information provided on this website does not constitute the marketing of any products or services to individuals resident in the European Union, European Economic Area, Switzerland, Guernsey, Jersey, Marino, San Marino, Vatican and Isle of man. The content on this website 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. Find your nearest Citi branch: www.findmyciti.com/ae/. Call us at: +971 4 311 4000.
Address: Citibank UAE, P.O. Box 749, Dubai, United Arab Emirates.
Check Eligibility for FAB Car Loan
FAB Car Loan Calculator
Features of FAB Car Loan
- Provides finance on competitive interest rates
- Can avail finance for both used and new cars
- Can get up to 80% of the car value as the maximum loan amount
- Can get finance up to AED 1.5 Million
- Competitive interest rates
Eligibility Criteria of FAB Car Loan
- Both self-employed and salaried individuals are eligible
Documents Required of FAB Car Loan
- UAE driving license
- Vehicle quotation
- Bank statements
- Valid passport
- Valid Emirates id
First Abu Dhabi (FAB) Car Loan Interest rates
3 Car Loans Provided By First Abu Dhabi (FAB)
Frequently Asked Questions
⭐ Can I reschedule my loan?
A. Yes. Loan rescheduling can be done on paying AED 262.50.
⭐ Are we supposed to provide post-dated cheques?
A. Yes. Post-dated cheques in favor of FAB is mandatory.
⭐ Can I get my installments due date changed?
A. Yes. Installments due date can be changed for AED 26.25.
⭐ What are the late payment fees charged?
A. 2.10% of the delayed amount should be paid as late payment fees.
⭐ What are the charges on installment deferment?
A. On deferring installments, AED 105 is charged as installment deferment fees.
⭐ Can I get a loan for used cars as well?
A. Yes. FAB provides auto loans for used cars as well.
⭐ Is it mandatory to have Dubai driving license to get an auto loan?
A. Yes. It is mandatory to have Dubai driving license to get an auto loan in UAE.
⭐ Can I pay my monthly installment in advance?
A. Yes. Monthly installments on car loan can be paid in advance but 1.05% of the advance payment is charged as advance payment fees.
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
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