FAB Personal Loans in UAE
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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.
Check Eligibility for FAB Personal Loan
FAB Personal Loan Calculator
|FAB Personal Loan Details|
|Minimum Salary||AED 2000 - 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)|
|Early Settlement Fees||1.05% of the outstanding amount|
|Arrangement Fees||1.05% of the approved loan amount|
|Age||21 - 60 years(Expats) & 65 years(UAE Nationals)|
|Profit Rates||Flat rate: 1.62% - 5.49% | Reducing rate: 3.99% - 15%|
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
7 Personal Loans Provided By First Abu Dhabi (FAB)
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.
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
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