Credit Bureau Consent, Welcome Offer & General Terms & Conditions

I hereby acknowledge and agree to allow Citibank to share my details with any UAE credit bureau and make enquiries about me with any UAE credit bureau at its sole and absolute discretion. I agree to the Terms and Conditions listed below. Citibank Terms and Conditions apply, are subject to change without prior notice and are available upon request. For the current Terms and Conditions, please visit our website www.citibank.ae. All offers are made available on a best-effort basis and at the sole discretion of Citibank, N.A. Citibank, N.A. makes no warranties and assumes no liability or responsibility with respect to the products and services provided by partners/other entities. By inquiring about our services, offers or products, you will be authorizing our representatives to approach you on your contact details including your telephone/mobile number for any product or service offered by Citibank. The applicant agrees to be bound by Citibank’s General Terms and Conditions available on the website www.citibank.ae. The applicant hereby represents and warrants that the information provided herein is true, accurate, and complete and that he/she agrees to remain responsible for and to indemnify Citibank, N.A. from and against any losses, claims and/or liabilities incurred by Citibank NA as a result of having relied on such information. Citibank, N.A. is not required to verify the information provided by the applicant and neither is the bank obliged to provide the applicant with any loans or credit facilities based on the provided information. The products and services mentioned on this website are not offered to individuals resident in the European Union, European Economic Area, Switzerland, Guernsey, Jersey, Monaco, San Marino, Vatican, The Isle of Man or the UK. This page is not, and should not be construed as, an offer, invitation or solicitation to buy or sell any of the products and services mentioned herein to such individuals.

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FGB Personal Installment Loan

FGB Bank

WarningMessage This product is discontinued by the Bank

Personal Installment Loan

Minimum Salary

AED 5K

Flat Rate

11.02%

Reducing Rate

20%

Loan Amount

AED 200K

Early Settlement Fee

1%

Arrangement Fee

1%

minimum salary

AED 5K

Minimum Salary

flat rate

11.02%

Flat Rate

reducing rate

20%

Reducing Rate

max finance

AED 200K

Loan Amount

early settlement fee

1%

Early Settlement Fee

arrangement fee

1%

Arrangement Fee

Features

  • The loan is provided for a interest rate of 20%
  • Minimum salary of AED 5,000 is required
  • The reduction rate and the flat rate is 20% and 11.02%. This denotes that the computation done was a division of the reduction rate by 1.814
  • It is not mandatory to transfer your salary
  • Finance up to AED 200,000
  • Early settlement fee is 1% of finance amount
  • Arrangement fee is 1% of loan amount

Benefits

  • Applicants can get up to AED 200,000 loan amount
  • Documentation is simple and easy
  • There is low salary requirement and long repayment period along with this scheme

Frequently Asked Questions

⭐ Will my credit score get checked before approving my application?

A. No, as you are new to UAE there will be no credit score check, but the bank officials check your DBR before approving the loan.

⭐ What are the additional benefits provided?

A. On the approval of the loan, the loan applicant gets a free international debit card.

⭐ Who all can apply for this finance?

A. Applicants who are employed at government, semi government or a reputable private organization.

⭐ What all documents do we need to submit to be eligible for this finance?

A. You need to submit 1 month bank statements, salary certificate letter addressed to First Gulf bank, copy of valid passport, residence visa and Emirates ID.

⭐ Is it mandatory to get the insurance cover for the loan?

A. Yes, it is mandatory to get the insurance cover for the loan.

FGB

First Gulf Bank (FGB) was established in 1979 to offer all sorts of financial services to consumers and business houses by creating an extensive network of relationship managers and branches. FGB is known for its high-end commitment in maximizing value for customers, employees, and shareholders. It focuses exclusively on delivering banking products and services as per client's requirements that also support the UAE’s dynamic economy.

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