FAB Buyout Loans

fab Bank

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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

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

Frequently Asked Questions

Q. Do I need to transfer my salary to FAB account?

A. Yes, to avail FAB Buyout loan you need to transfer your salary to FAB account.

Q. What is the discount provided on the processing fees for Gold Elite customers?

A. For Gold Elite customers 25% off is provided on the processing fees.

Q. What is the early settlement fee on buyout loans?

A. 1.05% of the outstanding loan amount is charged as early settlement fees.

Q. How many months bank statements do we need to provide?

A. Latest 6 months bank statements where the salary is getting transferred to, should be provided.

Q. Can I skip any installments?

A. Yes, you can skip installments but installment deferment fees of AED 100(per installment) is charged.

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