FAB Debt Consolidation loan

fab Bank

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Debt Consolidation loan

Minimum Salary

AED 10K

Flat Rate

6%

Loan Amount

AED 4500K

Early Settlement Fee

1.05%

Arrangement Fee

1.05%

AED 10K

Minimum Salary

6%

Flat Rate

AED 4500K

Loan Amount

1.05%

Early Settlement Fee

1.05%

Arrangement Fee

Features

  • Only UAE Nationals can apply for this loan
  • The loan is provided for an interest rate of 6%
  • 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

Frequently Asked Questions

Q. Do we need to provide a salary transfer letter?

A. Yes. Salary transfer letter is a mandatory document.

Q. Can expats apply for this finance?

A. No, only salaried and self-employed UAE Nationals can apply for this finance.

Q. How many months banks statements do I need to provide?

A. 6 months bank statements of the account to which your monthly income is getting transferred to, should be submitted.

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