FAB Secured Loans

fab Bank

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Secured Loans

Minimum Salary

AED 10K

Flat Rate

1.62%

Reducing Rate

2.94%

Loan Amount

AED 5000K

Early Settlement Fee

1.05%

Arrangement Fee

1.05%

AED 10K

Minimum Salary

1.62%

Flat Rate

2.94%

Reducing Rate

AED 5000K

Loan Amount

1.05%

Early Settlement Fee

1.05%

Arrangement Fee

Features

  • Provides loan against fixed deposits
  • Long tenure is provided
  • Both UAE Nationals and Expats can avail this loan
  • Interest rates charged is 2.94% onwards
  • Maximum finance provided is AED 5 Million

Benefits

  • Can pledge fixed deposit as collateral for a loan
  • About 95% of the deposit amount is provided as maximum finance
  • Competitive interest rates are charged

Frequently Asked Questions

Q. Are self-employed individuals eligible?

A. Yes, both salaried and self-employed individuals are eligible.

Q. What are the charges on insurance?

A. 1-1.50% of the loan amount is charged as insurance fees.

Q. Are there any late payment fees levied?

A. Yes, 2.10% of the installment amount is charged as late payment 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