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Frequently Asked Questions

National Housing Loans (NHL)are joint programmes between FAB and the UAE government bodies to provide interest-free loans to eligible Emirati citizens to buy their dream homes. The loan is either being provided by the Bank (the interest will be paid by the entities mentioned) or by the entities themselves (whereby FAB will manage the loan on behalf of them).

FAB has an agreement with the following entities for NHL:
  • Abu Dhabi Housing Authority (ADHA)
  • Mohamed Bin Rashed Housing Establishment (MBRHE)
  • Sheikh Zayed Housing Programme (SZHP) – in progress
  • Ministry of Presidential Affair (MOPA) – in progress

CRE is the loan for purchase against real estate properties such as residential towers, residential complexes or commercial properties like offices and shops.

It’s a loan that is used to buy a property such as a house, villa, apartment, townhouse, or small building as an investment. The property will be held by the Bank as security until you pay off the loan.
No, you will not have the cash in hand with the buyout mortgage. However, you may use the money after settling your existing bank loan to reinvest directly either to buy other property or upgrade your current property through renovation and refurbishment etc.
Estate Finance is the loan for purchase against the value of a complex of residential villas or a multi-story building.
The loan is either being provided by the Bank (the interest will be paid by the entities mentioned) or by the entities themselves (whereby FAB will manage the loan on behalf of them). Other than the ADHA, whereby the main purpose of the loan is to be used for the property construction, the other NHLs offer the customer an option to purchase a completed property available in the market as well.
Yes, we do offer a re-mortgage or buyout mortgage and we are currently one of the best banks in the market offering this option. Please visit our re-mortgage or buyout mortgage section to learn more.
Down Payment is the initial amount you need to contribute to availing of a home loan from a financial institution. It’s the amount of savings you use in buying a home.
You may qualify for up to a maximum amount of AED 100 million.
The people that benefit are landlords owning eligible real estate properties whereby properties will be under property management with proper rental assignments.
Only UAE nationals eligible list issued by the entities of Customers is entitled to the loan.
You may qualify for up to a maximum amount of AED 200 million.
Should you wish to get a mortgage from FAB, the property valuation, also called a site visit, will be conducted by one of the evaluators on our approved panel. Evaluators will visit the property to estimate its value. If you have already selected the property, and wish to estimate its worth, all you need to ensure is to specify the contact person (if other than you) who could be contacted for property valuation. To request a property valuation, you may call our Contact Centre on 600525500.

If you need the property valuation to be conducted without a loan from FAB, then you will have to contact a property valuator.
We offer a very flexible repayment plan on a monthly, quarterly or semi-annual basis with a grace period of up to 90 days to start your first repayment.
Yes, we do. Please refer to our National Housing Loan section to find out more.
Yes. You would need both Life Insurance and Property Insurance cover for your mortgage. FAB has a group insurance cover available through our partners for both and can be easily availed. You will not be required to do any medical test for loan amount up to AED 6 million.
You can repay Estate Finance in up to a maximum of 20 years.
Normally the repayment is against the rental proceed from the real estate being financed. As an Elite Customer, you may opt for a very flexible repayment plan on a monthly, quarterly or semi-annual basis with a grace period of up to 90 days to start your first repayment.
EIBOR (Emirates InterBank Offered Rate) is a benchmark interest rate published daily by UAE Central Bank. It reflects the average rate offered by major banks in UAE for short-term loan funding between banks. Daily and historical data for EIBOR is available at UAE Central Bank’s website EIBOR Rates | CB UAE (
Depending on the approximate value of the property, you may be required to get two valuation reports.
You can repay the loan over a maximum of 15 years.
Yes. The NHL offering falls under the Islamic Finance scheme.
When you own a property, you’re called a landlord. Before you choose to purchase a property, you need to understand there is a certain cost involved. The Borrowing Cost is when you choose to get this property partially financed by a bank such as interest cost, Loan Processing Fee, Life Insurance Fee, Property Insurance Fee, Property valuation fee etc. The Non-Borrowing Cost is associated with owning the property such as Developer Fee, Property Dealer’s Commission, Land Department Fee, Fee of Issuance of Title Deed, Mortgage Registration Fee (if funded from a bank).
Depending on the approximate value of the property, you may be eligible for up to 65% of the market value and you may be required to get two valuation reports.
Documents related to your identity, income, existing loans, property and its rental records (if already occupied by tenants) would be required.
Depends on the program offered by housing authority.
The principal is the amount contributed/financed by the bank for a home loan whereas component interest represents the cost of borrowing (at a certain percentage). For example, for a home loan of AED 1 million at an interest rate of 1.99% per annum for 25 years payable by monthly instalment of AED 4,234.35, the interest portion for the first month will be AED 1,635.62 and principal will be AED 2,598.73, whereas the total interest for the entire 25 years would be AED 270,305. For more examples and to work on your calculation you may access our Mortgage Calculator.
Documents related to your identity, income, existing loans, property and its rental records (if already occupied by tenants) would be required.
Depends on the program offered by housing authority.
Definitely. You can avail of the additional facility at the Bank’s commercial terms based on eligibility.
In case of demise of the borrower and where the property is mortgaged to a bank, the standard process is that a life insurance claim is requested by the bank following which the outstanding balance of the loan is settled to release the mortgage. The property is then released from any charge from the bank and its ownership is transferred to legal heirs as per applicable laws of UAE Courts.
You can use a wide range of property types to secure your mortgage. This includes apartments, villas, townhouses. Remember, the mortgage can only be extended to the owner of the property.
Subject to eligibility, you can avail the Bank’s facility up to 85% of the property value for completed properties or up to 100% of the construction cost, calculated in a total of the loan granted by the entities plus the Bank’s facility.
For new loans, the fee includes Loan Processing Fee, Property Valuation Fee, Life & Property Insurance Premium. Once the loan is booked, there are service-related fees such as Full Settlement or Partial Settlement Fee, Loan Statement Issuance fee etc. The complete list of fees and charges are available on our website under FAB Tariff.
You can find your dream home by looking around the market, developer listings, property dealers and sellers etc. Please refer to our Insightful Tips and Resources section for more information.
The remaining amount will be financed by the bank. This is called Loan to Value or LTV. How much a bank can finance depends on various factors, such as the total price of the property, if you are a UAE national, a resident or non-resident or the end-use of the property. To know how much FAB can finance your mortgage, visit our Mortgage Journey.
Depending on your financial information, you can avail up to a maximum of AED 20 million. If you are an Elite or a Private Banking client, please contact your Relationship Manager for more information.
You can get up to a maximum of 25 years mortgage, depending on meeting the age criterion.
For a residential or investment mortgage, you must be above 21 years and below 70 years during the mortgage loan period.
Your income must be above AED 15,000 to be eligible for a mortgage from FAB.
You can use our mortgage journey to assess your affordability and make a decision. (Click here to access our Mortgage Journey)
Yes, of course. You can apply for a Mortgage Loan at FAB jointly with your parent, spouse, or sibling. We can consider income from one of both joint applicants.
FAB offer a diverse range of options for mortgages.
  • Residential Mortgage for properties you'll use for self or family residence
  • Investment Mortgage for properties to rent out for extra savings
  • Re-mortgage or buyout mortgage for transferring your existing mortgage from another bank to FAB
  • Non-resident Mortgage for expats who wish to invest in UAE real estate
  • Estate Finance Loan - for multi-story buildings or clusters of villas or apartments
Please visit our Types of Mortgage section to learn more.
If you intend to stay in the property that you are applying a mortgage for, then you should apply for a Residential mortgage. However, if the purpose of purchase is investment i.e. you plan to lease the property for rental returns to a tenant, then you should apply for an Investment mortgage.
While documentation requirement largely depends on the type of mortgage and customer segment, a standard mortgage loan includes documents related to your identity, income, existing loans and property.

Please visit our Types of Mortgage section to learn more.
The cost of obtaining a FAB mortgage includes a loan processing fee, property valuation fee, property insurance and life insurance fee.

For a complete list of Mortgage Tariff and Schedule of Charges, please click here.
For a complete list of Mortgage Tariff and Schedule of Charges, please click here.
Your credit score plays an important role in your credit decision. Please ensure that you disclose your income and liabilities concisely. All payments due should be made in time.
Building Savings Account or BSA is the name of a rental collection account that is used to place the number of rentals received from your rented-out mortgage property. BSA is only applicable for Investment Mortgages.
If you are applying for an Investment Mortgage, you are required to open a Building Savings Account. It is absolutely free of charge and a productive way to separate the rentals from the rest of your cash flow.
We need a valuation report for all mortgage applications. We will arrange the valuation on your behalf and the cost will be paid by you. A valuation report will determine how much the property whether it is a house, villa, apartment, a townhouse is worth. Based on this valuation we can determine how much the bank can finance (LTV) as compared to your contribution (down payment).
You have a choice of interest rates to choose from.

We offer the below:
  • A combination of fixed and variable rate
  • Only variable rate
  • Fixed rates range from 2, 3 or 5 years
  • Choice of variable rate from Mortgage Base Rate or EIBOR
  • In a combination rate structure; the Fixed Rate remains fixed during the agreed period (e.g. 1, 2, 3, 5 or 10 years) after which it switches to a pre-agreed variable rate
  • In an only variable rate structure, the mortgage loan is linked with EIBOR right from the beginning of the loan. The variable rate keeps on fluctuating depending on prevalent market rates
Key factors you may want to consider are while choosing between fixed or variable rates are:
  • How long do you want the mortgage tenor (term) to be, as this can affect your monthly payment amounts, the total amount of interest you will pay and how much you can afford to pay monthly
  • How much of your monthly personal income do you want to spend on your mortgage and if this is affordable with your other commitments
You can save the total interest amount by shortening the loan period. For example, you can choose a loan period of 20 years instead of 25 years, if eligible or increase the amount of your contribution, if affordable.

To review how you can reduce the total interest, please visit our Mortgage Calculator.
You may be considered for a mortgage loan if you're employed in UAE for a minimum of three months or at least confirmed in service.
Absolutely. You can apply for a Non-Resident Investment Mortgage where the property rentals will be used for loan repayment. Click here to fill out your details and one of our Mortgage Advisors will get in touch.
In order to avail of a FAB Mortgage, you would need to have property insurance and life insurance availed from our range of insurance providers. Life Insurance requirements could be waived off if the property is fully managed by FAB.
For salaried, self-employed applicants, the payments are due monthly for the duration of the mortgage tenor. For example, if you have a 25-year mortgage you'll have 300 monthly payments. The first payment will be due one month from the date you receive your mortgage funds. For example, if your mortgage starts on 1st May, the first payment is due on 31st May.

For the mortgage type where rental income is involved, we are flexible to match the payments with rental receipts for up to a quarter, which means the payment will be due after every 3 months. The insurance premium would need to be paid monthly in all instances.

We offer grace days for the first repayment up to 90 days for re-mortgage or buyout mortgage and investment loans and up to 60 days for all other scenarios.
We’ll include a full list of your responsibilities in the paperwork we send you when you apply for your mortgage. Your responsibilities usually include:
  • Making your mortgage payments on time
  • Keeping your property in a good condition
  • Having property insurance for your to cover the outstanding loan
A summary of your Mortgage loan is available on your FAB Mobile banking app. Alternatively, you may also request a digital statement at your registered email address or printed statement by contacting our Contact Centre.
You can view your mortgage loan balance and complete snapshot by login into your FAB Mobile banking app.
To settle your mortgage, you'll need to specify if you are settling the loan from your funds or by taking over the mortgage balance to another financial institution. For both scenarios, our dedicated Mortgage Specialists are available to guide you through the process. Click here to place a request for settlement of your mortgage with our Contact Centre.

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