FAB New to Country/New to Employment Loans

fab Bank

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New to Country/New to Employment Loans

Minimum Salary

AED 10K

Loan Amount

AED 500K

Early Settlement Fee

1.05%

Arrangement Fee

1.05%

AED 10K

Minimum Salary

AED 500K

Loan Amount

1.05%

Early Settlement Fee

1.05%

Arrangement Fee

Features

  • Competitive interest rates are charged
  • A minimum salary of AED 10,000 is required
  • Maximum finance of AED 500,000(UAE Nationals) and AED 200,000(expats) is provided

Benefits

  • People new to UAE or new to employment are also eligible
  • Provides comprehensive life insurance coverage
  • Hassle free documentation
  • Quick approval

Frequently Asked Questions

Q. Is salary certificate mandatory?

A. Yes. It is mandatory to provide the applicant’s salary certificate.

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

A. Yes. The applicant must transfer their salary to FAB account.

Q. Can I reschedule my loan?

A. Yes. Loan holders can reschedule their loan but AED 262.5 is charged as loan rescheduling fees.

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