Personal Loan Provided By FGB
| FGB Personal Loan Details | |
|---|---|
| Minimum Salary | AED 5000 - AED 10000 per month (depends on the nationality and type of loan) |
| Interest Rates | Flat rate: 2.76% - 11.02% | Reducing rate: 5% - 20% |
| Maximum Loan Amount | AED 200K - AED 4500K(depends on the nationality and type of loan) |
| Early Settlement Fees | 1% of the outstanding amount |
| Arrangement Fees | 1% of the approved loan amount |
| Tenure | 48 months |
| Age | 21 - 60 years(Expats) & 65 years(UAE Nationals) |
Features of FGB Personal Loan
FGB's personal loans are designed especially to meet the borrowing requirements of both UAE nationals and expats.
Some of the common features of FGB personal loans are:
- Attractive loan amounts
- Competitive interest rates
- Minimum documentation
- Fast track approval
Eligibility Criteria of FGB Personal Loan
- Employed in Government, Semi Government or a reputable private organization
- Minimum monthly income of AED 5000-10,000
- 21 years of age or above.
Documents Required of FGB Personal Loan
- Passport and residence visa
- Emirates ID
- 1 months bank statements showing salary credits
- Salary certificate letter addressed to FGB
FGB Personal Loan Interest rates
4 Personal Loans Provided By FGB
Frequently Asked Questions
Q. Is there any facility of loan deferment available with FGB?
A. Yes, loan deferment facility is available with a payment of AED 100.
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's the fees charged for liability letter?
A. A fees of AED 100 is charged for liability letter.
Q. Is passport mandatory for documentation?
A. Yes. Passport is mandatory for documentation of this loan.
Q. What's the fees for late payment of the loan?
A. Its 2% of late payment amount.
Q. What's the processing fees charged?
A. The processing fees charged is 1% of the loan amount.
Q. Who can apply for this loan?
A. Employees of government, semi government and private organizations are eligible for this loan.
Q. What are the benefits I can attain on personal loan for UAE Nationals?
A. Loan applicants can get up to 4,500,000 AED loan amount, documentation is easy and salary requirement is less.
Q. What are the other personal loans provided for UAE Residents?
A. Other than FGB, you can check various personal loan in UAEhere.
About FGB
First Gulf Bank (FGB) was established in 1979 to offer all sorts of financial services to consumers and business houses by creating an extensive network of relationship managers and branches. FGB is known for its high-end commitment in maximizing value for customers, employees, and shareholders. It focuses exclusively on delivering banking products and services as per client's requirements that also support the UAE’s dynamic economy.