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Home Loan Provided ByFirst Abu Dhabi (FAB)
Check Eligibility for FAB Home Loan
FAB Home Loan Calculator
Features of FAB Home Loan
- Provides up to 80% of the property value as maximum finance
- Maximum loan amount provided is 20 Million
- Can get long repayments term
- Low processing fees are charged
- Can avail life and property insurance coverage
- Provides loan for investments, residents, etc.
Eligibility Criteria of FAB Home Loan
- A minimum salary of AED 15,000 is required
- Only UAE nationals and expats are eligible
Documents Required of FAB Home Loan
- Valid passport
- Valid Emirates ID
- Residence Visa(for expats)
- Bank statements
- Income proofs
Banks may ask for additional documents depending on the applicant's profile.
First Abu Dhabi (FAB) Home Loan Interest rates
2 Home Loans Provided By First Abu Dhabi (FAB)
Frequently Asked Questions
Q. For how long the interest rates are charged on a fixed rate basis?
A. For the first two years, the interest rates are charged on a fixed rate basis.
Q. Can I get a loan clearance letter?
A. Yes. Loan clearance letter can be obtained on paying AED 99.75.
Q. Can I settle my loan partially?
A. Yes. Partial settlement of home loan can be availed but AED 1.05% is charged as partial settlement fees.
Q. What are the charges for life insurance?
A. 0.0365% of the outstanding loan amount is charged as life insurance fees monthly. For example, if your outstanding loan amount is AED 1000K then AED 365 will be charged as life insurance fees.
Q. What are the fees charged for property insurance?
A. 0.0525% of the property value is charged as property insurance fees monthly.
Q. What are the fees charged for loan rescheduling?
A. AED 3150 is charged as loan rescheduling fees.
Q. Can I get pre-approval of the loan?
A. Yes. Pre-approval can be obtained on AED 525 as pre-approval fees.
Q. Is the pre-approval fees refundable?
A. No. the pre-approval fees are not refundable. It can be reimbursed with the processing fees when you get a mortgage loan from 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
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