Non-listed Company Personal Finance in UAE
A personal finance designed for employees
of non-listed companies
Warning
- You may have to pay applicable early settlement charges if you settle the full financing early
- If you do not meet the payments on your financing, your account will go into arrears, and you will be committed to pay a donation amount based on the bank’s request (if any)
- The Bank will commence the recovery and collection process (which may include engaging third party debt collection agencies) and legal action including bankruptcy
- Any legal action against you may affect your credit rating, and this may limit your ability to access financing and make it more difficult or more expensive to access financing in the future
- Refinancing your facility may result in it taking longer to pay off the financing and you may pay higher profit
Why should you apply for a personal finance with FAB Islamic?
Up to AED 500,000
Up to AED 500,000 for both UAE nationals and Expats
For Employees of Non-listed Companies
Personal finances for Employees of non-listed companies
Market-leading Profit Rates
From 4.86%* (equivalent to a reducing rate of 8.99%* per year)
Personal Finance Features
| Segment | Profit Rate | Finance Amount | Payment Terms |
|---|---|---|---|
| UAE Nationals | 4.86%* (equivalent to a reducing rate of 8.99%* per year) | Up to AED 500,000 | Up to 48 months |
| Expatriates | 6.60%* (equivalent to a reducing rate of 11.99%* per year) | Up to AED 500,000 | Up to 48 months |
Eligibility and Documents
Eligibility
*All profit rates quoted are effective rates on the finance’s outstanding balance.
