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 By 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)

FAB Personal Loan Interest rates

fab Bank

8 Personal Loans Provided By FAB

Secured Loans

Minimum Salary

AED 10K

Flat Rate

1.62%

Reducing Rate

2.94%

Loan Amount

AED 5000K

Early Settlement Fee

1.05%

Arrangement Fee

1.05%

AED 10K

Minimum Salary

1.62%

Flat Rate

2.94%

Reducing Rate

AED 5000K

Loan Amount

1.05%

Early Settlement Fee

1.05%

Arrangement Fee

Buyout Loans

Minimum Salary

AED 10K

Flat Rate

2.61%

Reducing Rate

4.74%

Loan Amount

AED 5000K

Early Settlement Fee

1.05%

Arrangement Fee

1.05%

AED 10K

Minimum Salary

2.61%

Flat Rate

4.74%

Reducing Rate

AED 5000K

Loan Amount

1.05%

Early Settlement Fee

1.05%

Arrangement Fee

Lifeline - Revolving Overdraft

Minimum Salary

AED 2K

Reducing Rate

15%

Loan Amount

AED 50K

Early Settlement Fee

1.05%

Arrangement Fee

1.05%

AED 2K

Minimum Salary

15%

Reducing Rate

AED 50K

Loan Amount

1.05%

Early Settlement Fee

1.05%

Arrangement Fee

Etihad Guest Personal loan

Minimum Salary

AED 7K

Flat Rate

5.49%

Early Settlement Fee

1.05%

Arrangement Fee

1.05%

AED 7K

Minimum Salary

5.49%

Flat Rate

1.05%

Early Settlement Fee

1.05%

Arrangement Fee

Personal loan for UAE Nationals

Minimum Salary

AED 7K

Flat Rate

5.12%

Reducing Rate

9.29%

Loan Amount

AED 5000K

Early Settlement Fee

1.05%

Arrangement Fee

1.05%

AED 7K

Minimum Salary

5.12%

Flat Rate

9.29%

Reducing Rate

AED 5000K

Loan Amount

1.05%

Early Settlement Fee

1.05%

Arrangement Fee

Debt Consolidation loan

Minimum Salary

AED 10K

Flat Rate

5.12%

Reducing Rate

9.29%

Loan Amount

AED 4500K

Early Settlement Fee

1.05%

Arrangement Fee

1.05%

AED 10K

Minimum Salary

5.12%

Flat Rate

9.29%

Reducing Rate

AED 4500K

Loan Amount

1.05%

Early Settlement Fee

1.05%

Arrangement Fee

Personal loan for Expats

Minimum Salary

AED 7K

Flat Rate

5.12%

Reducing Rate

9.29%

Loan Amount

AED 2000K

Early Settlement Fee

1.05%

Arrangement Fee

1.05%

AED 7K

Minimum Salary

5.12%

Flat Rate

9.29%

Reducing Rate

AED 2000K

Loan Amount

1.05%

Early Settlement Fee

1.05%

Arrangement Fee

Advantages

  • Personal life insurance coverage is provided
  • Quick approval

Advantages

  • Personal life insurance coverage is provided
  • Quick approval
New to Country/New to Employment Loans

Minimum Salary

AED 10K

Flat Rate

5.12%

Reducing Rate

9.29%

Loan Amount

AED 500K

Early Settlement Fee

1.05%

Arrangement Fee

1.05%

AED 10K

Minimum Salary

5.12%

Flat Rate

9.29%

Reducing Rate

AED 500K

Loan Amount

1.05%

Early Settlement Fee

1.05%

Arrangement Fee

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.

About FAB

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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