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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FAB Buyout Loans

FAB Bank

Buyout Loans

Minimum Salary

AED 7K

Reducing Rate

5.95%

Loan Amount

AED 5000K

Early Settlement Fee

1.05%

Arrangement Fee

1.05%

minimum salary

AED 7K

Minimum Salary

reducing rate

5.95%

Reducing Rate

max finance

AED 5000K

Loan Amount

early settlement fee

1.05%

Early Settlement Fee

arrangement fee

1.05%

Arrangement Fee

View details on bank page

Features

  • Maximum tenure provided is 4 years
  • Interest rates of 6.95% are charged for expats and 5.95% are charged for Emiratis.
  • Maximum loan amount of AED 5 million for UAE nationals and AED 2 Million for expats is provided

Benefits

  • Gold Elite customers can avail discount on processing fees
  • Can transfer your existing loans to FAB
  • Up to 150 days grace period for Emiratis and up to 90 days grace period for Expats before the first repayment

Frequently Asked Questions

⭐ Do I need to transfer my salary to FAB account?

A. Yes, to avail FAB Buyout loan you need to transfer your salary to FAB account.

⭐ What is the discount provided on the processing fees for Gold Elite customers?

A. For Gold Elite customers 25% off is provided on the processing fees.

⭐ What is the early settlement fee on buyout loans?

A. 1.05% of the outstanding loan amount is charged as early settlement fees.

⭐ How many months bank statements do we need to provide?

A. Latest 6 months bank statements where the salary is getting transferred to, should be provided.

⭐ Can I skip any installments?

A. Yes, you can skip installments but installment deferment fees of AED 100(per installment) is charged.

FAB

First Abu Dhabi Bank (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

   Get in touch with FAB Customer Care

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