ADIB Smart Account

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 2000 required to apply for a FAB Personal Loan .

*No loan for :User_Nationality available in this page

Click here to check from other banks.

FAB Personal Loan Calculator

Personal Loan Provided ByFirst Abu Dhabi (FAB)

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 2000 required to apply for a FAB Personal Loan .

Click here to check loans from other banks.

FAB Personal Loan Calculator

ADIB Smart Account
FAB Personal Loan Details
Minimum Salary AED 2000 - AED 10000 per month (depends on the nationality and type of loan)
Profit Rates Flat rate: 1.62% - 6% | Reducing rate: 2.94% - 15%
Maximum Loan Amount AED 500K - AED 5000K(depends on the nationality and type of loan)
Early Settlement Fees 1.05% of the outstanding amount
Arrangement Fees 1.05% of the approved 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

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

8 Personal Loans Provided By First Abu Dhabi (FAB)

Secured Loans

minimum salary

Minimum Salary

AED 10K

flat rate

Flat Rate

1.62%

reducing rate

Reducing Rate

2.94%

loan amount

Loan Amount

AED 5000K

early settlement fee

Early Settlement Fee

1.05%

arrangement fee

Arrangement Fee

1.05%

minimum salary

AED 10K

Minimum Salary

flat rate

1.62%

Flat Rate

reducing rate

2.94%

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 rates charged is 2.94% onwards
  • 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

Minimum Salary

AED 10K

flat rate

Flat Rate

2.61%

reducing rate

Reducing Rate

4.74%

loan amount

Loan Amount

AED 5000K

early settlement fee

Early Settlement Fee

1.05%

arrangement fee

Arrangement Fee

1.05%

minimum salary

AED 10K

Minimum Salary

flat rate

2.61%

Flat Rate

reducing rate

4.74%

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 4.74% are charged
  • 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 4.74% are charged
  • 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

View details on bank page

Personal loan for UAE Nationals

minimum salary

Minimum Salary

AED 7K

flat rate

Flat Rate

5.12%

reducing rate

Reducing Rate

9.29%

loan amount

Loan Amount

AED 5000K

early settlement fee

Early Settlement Fee

1.05%

arrangement fee

Arrangement Fee

1.05%

minimum salary

AED 7K

Minimum Salary

flat rate

5.12%

Flat Rate

reducing rate

9.29%

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
  • Reducing rates of 9.29% and flat rate of 5.12% is charged. The flat rate is calculate by dividing reducing rate with 1.814 (Indicative only)

Features

  • Maximum tenure of 48 months is provided
  • Applicant must be UAE national of at least 21 yrs old
  • Reducing rates of 9.29% and flat rate of 5.12% is charged. The flat rate is calculate by dividing reducing rate with 1.814 (Indicative only)
  • A maximum loan amount of AED 5 Million is provided

Benefits

  • Minimum documentation
  • Quick approval
  • Comprehensive life insurance coverage

View details on bank page

Personal loan for Expats

minimum salary

Minimum Salary

AED 7K

flat rate

Flat Rate

5.12%

reducing rate

Reducing Rate

9.29%

loan amount

Loan Amount

AED 2000K

early settlement fee

Early Settlement Fee

1.05%

arrangement fee

Arrangement Fee

1.05%

minimum salary

AED 7K

Minimum Salary

flat rate

5.12%

Flat Rate

reducing rate

9.29%

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

  • Quick approval
  • Hassle free documentation
  • Comprehensive personal life insurance coverage

Features

  • Reducing rate of 9.29% and flat rate of 5.12% is charged. The flat rate is calculate by dividing reducing rate with 1.814 (Indicative only)
  • A minimum salary of AED 7000 is required
  • Salary transfer is required
  • Maximum loan amount of AED 2 Million is provided

Benefits

  • Quick approval
  • Hassle free documentation
  • Comprehensive personal life insurance coverage

View details on bank page

Lifeline - Revolving Overdraft

minimum salary

Minimum Salary

AED 2K

reducing rate

Reducing Rate

15%

loan amount

Loan Amount

AED 50K

early settlement fee

Early Settlement Fee

1.05%

arrangement fee

Arrangement Fee

1.05%

minimum salary

AED 2K

Minimum Salary

reducing rate

15%

Reducing Rate

loan amount

AED 50K

Loan Amount

early settlement fee

1.05%

Early Settlement Fee

arrangement fee

1.05%

Arrangement Fee

Features

  • Up to 2 months of monthly salary is provided as an overdraft
  • Must have a FAB Salary account to be eligible
  • Interest rates start from 15%

Features

  • Up to 2 months of monthly salary is provided as an overdraft
  • Must have a FAB Salary account to be eligible
  • Interest rates start from 15%
  • A minimum salary of AED 2000 is required
  • Maximum finance of AED 50,000 can be availed
  • Processing fees of AED 210 are charged

Benefits

  • Interest rates are charged only on the utilization of the credit
  • Can withdraw funds using a debit card

View details on bank page

Etihad Guest Personal loan

minimum salary

Minimum Salary

AED 7K

flat rate

Flat Rate

5.49%

early settlement fee

Early Settlement Fee

1.05%

arrangement fee

Arrangement Fee

1.05%

minimum salary

AED 7K

Minimum Salary

flat rate

5.49%

Flat Rate

early settlement fee

1.05%

Early Settlement Fee

arrangement fee

1.05%

Arrangement Fee

Features

  • Earn guest miles on the maximum loan amount approved
  • Interest rates provided 5.49% onwards
  • Must transfer salary to Etihad account

Features

  • Earn guest miles on the maximum loan amount approved
  • Interest rates provided 5.49% onwards
  • Must transfer salary to Etihad account
  • High loan amount is provided

Benefits

  • Get 500 guest miles per AED 20,000 of finance amount
  • Free Etihad account and debit card are provided
  • Can earn 500 miles on first salary transfer
  • Can redeem the guest miles for high travel benefits

View details on bank page

Debt Consolidation loan

minimum salary

Minimum Salary

AED 10K

flat rate

Flat Rate

5.12%

reducing rate

Reducing Rate

9.29%

loan amount

Loan Amount

AED 4500K

early settlement fee

Early Settlement Fee

1.05%

arrangement fee

Arrangement Fee

1.05%

minimum salary

AED 10K

Minimum Salary

flat rate

5.12%

Flat Rate

reducing rate

9.29%

Reducing Rate

loan amount

AED 4500K

Loan Amount

early settlement fee

1.05%

Early Settlement Fee

arrangement fee

1.05%

Arrangement Fee

Features

  • Only UAE Nationals can apply for this loan
  • The loan is provided for an interest rate of 9.29%
  • Minimum salary of AED 10,000 is required

Features

  • Only UAE Nationals can apply for this loan
  • The loan is provided for an interest rate of 9.29%
  • Minimum salary of AED 10,000 is required
  • It is mandatory to transfer your salary
  • Finance up to AED 4,500,000
  • Early settlement fee is 1.05% of finance amount
  • The arrangement fee is 1.05% of the loan amount

Benefits

  • High finance amount is provided
  • Documentation is simple and easy
  • Up to 144 months repayment period is provided

View details on bank page

New to Country/New to Employment Loans

minimum salary

Minimum Salary

AED 10K

flat rate

Flat Rate

5.12%

reducing rate

Reducing Rate

9.29%

loan amount

Loan Amount

AED 500K

early settlement fee

Early Settlement Fee

1.05%

arrangement fee

Arrangement Fee

1.05%

minimum salary

AED 10K

Minimum Salary

flat rate

5.12%

Flat Rate

reducing rate

9.29%

Reducing Rate

loan amount

AED 500K

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

  • Reducing rate and flat rate of 9.29% and 5.12% are charged respectively. The flat rate is calculated by taking division of reducing rate with 1.814.
  • A minimum salary of AED 10,000 is required
  • Maximum finance of AED 500,000(UAE Nationals) and AED 200,000(expats) 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

Frequently Asked Questions

Q. Should we provide original passport?

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

Q. Are new to UAE applicants eligible?

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

Q. What is the maximum tenure provided on the loans?

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

Q. Are Etihad guest miles provided on all the FAB loans?

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

Q. 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.

Q. Are there any late payment fees charged?

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

Q. What are the charges on life insurance?

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

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

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

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

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

Q. 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.

Q. 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.

Q. Is there any facility of loan deferment available with FAB?

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

Q. 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.

Q. What are the other personal loans provided for UAE Residents?

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

Q. 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).

Q. 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.

Q. 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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