Check Eligibility for FAB
Personal Loan

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Personal Loan .

You may not be eligible * to apply.

* Minimum salary AED 7000 required to apply for a FAB Personal Loan .

*No loan for :User_Nationality available in this page

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FAB Personal Loan Calculator

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FAB Personal Loans in UAE

Check Eligibility for FAB Personal Loan

You are eligible to apply for a FAB
Personal Loan .

You may not be eligible * to apply.

* Minimum salary AED 7000 required to apply for a FAB Personal Loan .

Click here to check loans from other banks.

FAB Personal Loan Calculator

FAB Personal Loan Details
Minimum Salary AED 7000 - AED 10000 per month (depends on the nationality and type of loan)
Maximum Loan Amount AED 500K - AED 5000K(depends on the nationality and type of loan)
Profit Rates Flat rate: 1.62% - 5.49% | Reducing rate: 3.99% - 15%
Early Settlement Fees 1.05% of the outstanding amount
Arrangement Fees 1.05% of the loan amount
Tenure 48 months
Age 21 - 60 years(Expats) & 65 years(UAE Nationals)

Features of FAB Personal Loan

  • High finance amount is provided
  • Quick processing of loan
  • Hassle free documentation
  • Interest rates start from 1.62%
  • Provides finance for people new to UAE/Employment also

Eligibility Criteria of FAB Personal Loan

  • A minimum salary of AED 7000 is required
  • Only UAE nationals and expats are eligible
FAB Personal LoansMinimum SalarySalary Transfer
Secured LoansAED 10,000No
Buyout LoansAED 15,000Yes
Personal Loan for ExpatsAED 15,000Yes
Personal Loan for UAE NationalsAED 15,000Yes
Etihad Guest Personal LoanAED 7,000Yes
No Salary Transfer Loan for Expats and UAE NationalsAED 15,000No
New to UAE/ Employment LoanAED 10,000Yes

Documents Required of FAB Personal Loan

  • Valid passport
  • Emirates ID
  • 3-6 months bank statements are needed
  • Salary transfer letter(depends on the loan type)
  • Salary certificate(depends on loan type)

First Abu Dhabi (FAB) Personal Loan Interest rates

FAB Bank

9 Personal Loans Provided By First Abu Dhabi (FAB)

Secured Loans

Minimum Salary

AED 7K

Flat Rate

2.49%

Reducing Rate

4.99%

Loan Amount

AED 5000K

Early Settlement Fee

1.05%

Arrangement Fee

1.05%

minimum salary

AED 7K

Minimum Salary

flat rate

2.49%

Flat Rate

reducing rate

4.99%

Reducing Rate

loan amount

AED 5000K

Loan Amount

early settlement fee

1.05%

Early Settlement Fee

arrangement fee

1.05%

Arrangement Fee

Features

  • Provides loan against fixed deposits
  • Long tenure is provided
  • Both UAE Nationals and Expats can avail this loan

Features

  • Provides loan against fixed deposits
  • Long tenure is provided
  • Both UAE Nationals and Expats can avail this loan
  • Interest rate charged is Fixed Deposit Rate + 2% per year with a minimum of 2.49% (Fixed Rate)
  • Maximum finance provided is AED 5 Million

Benefits

  • Can pledge fixed deposit as collateral for a loan
  • About 95% of the deposit amount is provided as maximum finance
  • Competitive interest rates are charged

View details on bank page

Buyout Loans

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

loan amount

AED 5000K

Loan Amount

early settlement fee

1.05%

Early Settlement Fee

arrangement fee

1.05%

Arrangement Fee

Features

  • Maximum tenure provided is 4 years
  • Interest rates of 6.95% are charged for expats and 5.95% are charged for Emiratis.
  • Maximum loan amount of AED 5 million for UAE nationals and AED 2 Million for expats is provided

Features

  • Maximum tenure provided is 4 years
  • Interest rates of 6.95% are charged for expats and 5.95% are charged for Emiratis.
  • Maximum loan amount of AED 5 million for UAE nationals and AED 2 Million for expats is provided

Benefits

  • Gold Elite customers can avail discount on processing fees
  • Can transfer your existing loans to FAB
  • Up to 150 days grace period for Emiratis and up to 90 days grace period for Expats before the first repayment

View details on bank page

National Loans Scheme

Arrangement Fee

1.05%

arrangement fee

1.05%

Arrangement Fee

Features

  • The National Loans scheme was developed by the Central Bank of the UAE.
  • This scheme is designed for reducing the debt burden of UAE Nationals.
  • Committed to reduce the debt burden of UAE Nationals, who have loans originated prior to May 2011

Features

  • The National Loans scheme was developed by the Central Bank of the UAE.
  • This scheme is designed for reducing the debt burden of UAE Nationals.
  • Committed to reduce the debt burden of UAE Nationals, who have loans originated prior to May 2011
  • The installments exceed 50 percent of salary or income and the tenor is more than 48 months.
  • The Bank should be contacting eligible applicants who meet the National Loan scheme eligibility criteria
  • National Loan scheme interest rates changes twice a year during January and July
  • The National Loans scheme is developed by the central bank of the UAE for easing the debt burden of the UAE Nationals.

Benefits

  • Loan origination is prior to May 2011 and remaining loan tenor is more than 4 years
  • Debt Burden Ratio (DBR) should be greater than 50% for regular customers and greater than 30% for pensioners
  • The customers consent for participation in the NLS Scheme
  • The customer undertakes not to seek any loans or credit facilities from any bank or financial institution during the period of repayment
  • The National Loan scheme is designed to help ease debt burden for UAE nationals.

View details on bank page

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%

minimum salary

AED 7K

Minimum Salary

flat rate

2.19%

Flat Rate

reducing rate

6.95%

Reducing Rate

loan amount

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
Advantages
  • Personal life insurance coverage is provided
  • Quick approval

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.

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

View details on bank page

Non-salary transfer personal loan for UAE nationals

Minimum Salary

AED 15K

Flat Rate

8.99%

Loan Amount

AED 1000K

Arrangement Fee

1.05%

minimum salary

AED 15K

Minimum Salary

flat rate

8.99%

Flat Rate

loan amount

AED 1000K

Loan Amount

arrangement fee

1.05%

Arrangement Fee

Features

  • Maximum loan amount of AED 1 Million is provided
  • Interest rates start from 8.99% per year
  • A minimum salary of AED 15000 is required

Features

  • Maximum loan amount of AED 1 Million is provided
  • Interest rates start from 8.99% per year
  • A minimum salary of AED 15000 is required
  • Good credit score is needed to be eligible
  • Salary certificate is needed
  • 1.05% of the loan amount is charged as a processing fee

Benefits

  • Salary transfer is not required
  • Working company need not be listed with the bank
  • Comprehensive life insurance coverage is provided

View details on bank page

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

loan amount

AED 5000K

Loan Amount

early settlement fee

1.05%

Early Settlement Fee

arrangement fee

1.05%

Arrangement Fee

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) <br> Get Variable interest rate of 5.95% per year for a salary transfer to your FAB account without holding a FAB credit card <br> Reducing rates starts at 5.95% <br> Get up to AED 10,000 FAB rewards when you transfer salary to FAB account holding FAB credit card<br> Offers are valid only for UAE Nationals<br> This is a Variable Interest Rate Loan linked to a Personal Loan Base Rate<br> Interest rates listed are effective rates of outstanding balance<br> Interest rates may vary depending on credit score, approval criteria and income.

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

View details on bank page

New to Country/New to Employment Loans

Minimum Salary

AED 10K

Flat Rate

12.75%

Reducing Rate

9.29%

Loan Amount

AED 600K

Early Settlement Fee

1.05%

Arrangement Fee

1.05%

minimum salary

AED 10K

Minimum Salary

flat rate

12.75%

Flat Rate

reducing rate

9.29%

Reducing Rate

loan amount

AED 600K

Loan Amount

early settlement fee

1.05%

Early Settlement Fee

arrangement fee

1.05%

Arrangement Fee

Benefits

  • People new to UAE or new to employment are also eligible
  • Provides comprehensive life insurance coverage
  • Hassle free documentation

Features

  • Interest rates starting from 12.75% per year
  • A minimum salary of AED 10,000 is required
  • Maximum finance of AED 600,000 is provided

Benefits

  • People new to UAE or new to employment are also eligible
  • Provides comprehensive life insurance coverage
  • Hassle free documentation
  • Quick approval

View details on bank page

Landlord Loans

Loan Amount

AED 2000K

Arrangement Fee

1.05%

loan amount

AED 2000K

Loan Amount

arrangement fee

1.05%

Arrangement Fee

Features

  • You can borrow against the value of rental income with FAB Landlord loan
  • The Interest rate are starting from base rate and two percent per year
  • The loans issued are up to AED 2 million

Features

  • You can borrow against the value of rental income with FAB Landlord loan
  • The Interest rate are starting from base rate and two percent per year
  • The loans issued are up to AED 2 million
  • Loan repayment is up to 48 months
  • The loan repayments are managed by separate bank
  • Compulsory assignment of Rental income to FAB

Benefits

  • You can borrow up money on the rental income
  • The highest loan amount offered by bank is up to 2 millions
  • The Rate applicable is Base Rate + 2% if property is mortgage free
  • The Rate applicable is Base Rate + 3% if property is under ‘other Bank’ Mortgage
  • Scheme is applicable only to UAE National Customers This is a variable Interest rate loan

View details on bank page

Non-salary transfer personal loan for expats

Minimum Salary

AED 15K

Flat Rate

13.99%

Loan Amount

AED 600K

Arrangement Fee

1.05%

minimum salary

AED 15K

Minimum Salary

flat rate

13.99%

Flat Rate

loan amount

AED 600K

Loan Amount

arrangement fee

1.05%

Arrangement Fee

Features

  • Maximum loan amount of AED 600,000 is provided
  • Interest rates start from 13.99% per year
  • A minimum salary of AED 15000 is required

Features

  • Maximum loan amount of AED 600,000 is provided
  • Interest rates start from 13.99% per year
  • A minimum salary of AED 15000 is required
  • Good credit score is needed to be eligible
  • Salary certificate is needed
  • 1.05% of the loan amount is charged as a processing fee

Benefits

  • Salary transfer is not needed
  • Employer need not be listed with the bank
  • Comprehensive life insurance coverage is provided

View details on bank page

Frequently Asked Questions

⭐ Should we provide original passport?

A. Original passport should be provided for verification. You must provide a photocopy of passport along with other documents.

⭐ Are new to UAE applicants eligible?

A. Yes. New to UAE applicants are eligible for FAB New to UAE/Employment personal loan.

⭐ What is the maximum tenure provided on the loans?

A. The maximum tenure provided on a personal loan is 48-60 months.

⭐ Are Etihad guest miles provided on all the FAB loans?

A. No. Only Etihad guest loan holders are eligible for Etihad guest miles.

⭐ Is it mandatory to have a fixed deposit to get a loan at FAB?

A. No. Only for FAB Secured loan, you must have a fixed deposit as collateral.

⭐ Are there any late payment fees charged?

A. Yes. 2.10% of the delayed installment will be charged as late payment fees.

⭐ What are the charges on life insurance?

A. 1%-1.50% of the disbursed loan amount will be charged as life insurance fees.

⭐ Are there any fees for cancellation of the loan after getting approved?

A. Yes.That option is available with a fees of AED 105.

⭐ What’s the loan amount that is provided for expats?

A. The loan amount provided for expats is AED 2000K.

⭐ How much time does it take to get the amount credited once the loan is approved?

A. It usually takes 3-7 days to get the amount credited once the loan is approved.

⭐ Is there any rescheduling loan facility? If so what are the charges applied on it?

A. Yes. Rescheduling facility is available with a fees of AED 262.5.

⭐ Is there any facility of loan deferment available with FAB?

A. Yes, loan installment deferment facility is available with a payment of AED 105.

⭐ Will my loan application get rejected if I don’t meet the salary requirement mentioned for loan?

A. Yes, your salary should meet the requirement specified by the bank to get your loan application approved.

⭐ What are the other personal loans provided for UAE Residents?

A. Other than FAB, you can check various personal loan in UAEhere.

⭐ What are the interest rates charged on a personal loan in FAB?

A. The interest rates charged on a personal loan in FAB are, Flat rate: 1.62%(onwards) and Reducing rate: 2.94%(onwards).

⭐ What is the processing fees charged on FAB personal loan?

A. 1.05% of the approved loan amount is charged as a processing fees on FAB personal loan.

⭐ What is the early settlement fees charged on FAB personal loan?

A. 1.05% of the outstanding loan amount is charged as a processing fees on FAB personal loan.

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

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