FAB Personal loan for UAE Nationals

fab Bank

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Personal loan for UAE Nationals

Minimum Salary

AED 7K

Flat Rate

2.61%

Reducing Rate

4.74%

Loan Amount

AED 5000K

Early Settlement Fee

1.05%

Arrangement Fee

1.05%

AED 7K

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 of 48 months is provided
  • Applicant must be UAE national of at least 21 yrs old
  • Competitive interest rates
  • A maximum loan amount of AED 5 Million is provided

Benefits

  • Minimum documentation
  • Quick approval
  • Comprehensive life insurance coverage

Frequently Asked Questions

Q. What is the loan cancellation fee for the given personal loan?

A. If canceled before disbursal AED 100 will be a loan cancellation fee for this particular personal loan.

Q. How many days does it take to get the credit decision?

A. It takes not more than a few minutes, but sometimes it may take longer depending on the situation.

Q. Are there any late payment fee for a personal loan?

A. Yes, 2% of the overdue amount with minimum AED 50 and maximum AED 200 will be the late payment fee for FAB personal loan.

Q. Does getting pre-qualified for a personal loan can affect my credit score?

A. No getting pre-qualified for a personal loan doesn’t affect the credit score.

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