Check Eligibility for FAB
Car Loan

You are eligible to apply for a FAB
Car Loan .

You may not be eligible * to apply.

* required to apply for a FAB Car Loan .

*No loan for :User_Nationality available in this page

Click here to check from other banks.

FAB Car Loan Calculator

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.

MyMoneySouq Page Rating

2 People rated this page

Check Eligibility for FAB Car Loan

You are eligible to apply for a FAB
Car Loan .

You may not be eligible * to apply.

*required to apply for a FAB Car Loan .

Click here to check loans from other banks.

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

FAB Bank

3 Car Loans Provided By First Abu Dhabi (FAB)

Car loan for Salaried Individuals

Flat Rate

2.35%

Loan Amount

AED 1500K

Early Settlement Fee

1.05%

Down Payment

20%

flat rate

2.35%

Flat Rate

loan amount

AED 1500K

Loan Amount

early settlement fee

1.05%

Early Settlement Fee

down payment

20%

Down Payment

Benefits

  • Can get finance for both used and new vehicles
  • Less down payment requirement
Apply Now

Features

  • Interest rates charged on the loan is 2.35% per annum
  • Maximum finance of AED 1.5 Million is provided
  • 20% of the car value should be borne as a down payment

Benefits

  • Can get finance for both used and new vehicles
  • Less down payment requirement
Apply Now
View Details

View details on bank page

Etihad Guest Car Loan

Flat Rate

2.99%

Loan Amount

AED 500K

Early Settlement Fee

1.05%

Down Payment

20%

flat rate

2.99%

Flat Rate

loan amount

AED 500K

Loan Amount

early settlement fee

1.05%

Early Settlement Fee

down payment

20%

Down Payment

Features

  • Can earn guest miles on the loan amount
  • Interest rates start from 2.99%
  • A maximum loan amount of AED 500,000 is provided
Apply Now

Features

  • Can earn guest miles on the loan amount
  • Interest rates start from 2.99%
  • A maximum loan amount of AED 500,000 is provided
  • 20% of the vehicle price should be borne as a down payment

Benefits

  • 350 miles are provided for every AED 20,000 of the loan amount
  • Car insurance is provided
  • Both salaried and self-employed applicants are eligible
Apply Now
View Details

View details on bank page

Car loan for Self-Employed Individuals

Flat Rate

3%

Loan Amount

AED 500K

Early Settlement Fee

1.05%

Down Payment

20%

flat rate

3%

Flat Rate

loan amount

AED 500K

Loan Amount

early settlement fee

1.05%

Early Settlement Fee

down payment

20%

Down Payment

Features

  • Interest rates charged on the loan is 3% per annum
  • Maximum finance of AED 500,000 is provided
  • 20% of the car value should be borne as a down payment
Apply Now

Features

  • Interest rates charged on the loan is 3% per annum
  • Maximum finance of AED 500,000 is provided
  • 20% of the car value should be borne as a down payment

Benefits

  • Can get finance for both used and new vehicles
  • Less down payment requirement
  • High finance amount can be availed
Apply Now
View Details

View details on bank page

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.

About 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

Ask questions and share your comments

We encourage our users to have discussion on questions they might have on financial products and help other users by sharing their insights. Kindly help us in making this site useful. We don't encourage any spam posts here. This is a public forum, so we request you to be safe by not disclosing personal information such as bank account or phone numbers etc. Please follow our posting guidelines. All the comments posted under MyMoneySouq official account are not reviewed by the financial institutions.

Show/Post Comments