The FAB Advantage
Move your loans to FAB with the Buyout Loan and
enjoy additional funds and attractive interest rates
Warning
- You may have to pay penalties if you pay off a loan/financing early
- If you do not meet the repayments/payments on your loan/financing, your account will go into arrears. This may affect your credit rating, which may limit your ability to access financing in the future
- Refinancing your loans/financing may take longer to pay off than your previous loan/financing and may result in paying more in interest/profit
7,000
Minimum monthly salary
Up to 5 million
Up to 5 million for UAE Nationals and 2 million for expats
Competitive rates
Competitive interest rates
Features
Enjoy great rates & flexibility
Eligibility - Here's how you qualify
A minimum monthly salary of 7,000- Employed with a governmental, semi-governmental or legitimate private organisation
- Applicants must be 21+ years old
- Completed a minimum of 6 months service or confirmed in employment with your current employer
OR
OR
OR
OR
- Working in a company approved by FAB with their salary transferred to a FAB bank account and with a minimum monthly salary of 7,000
- This is a Variable Interest Rate Loan linked to Personal Loan Base Rate (PBR)
- The applicable rate may vary based on other factors including income, credit bureau score and approval criteria
- All interest rates quoted are effective rates on the outstanding loan balance
OR
OR
OR
OR
- Liability letter or a clearance letter
- Copy of a valid passport/resident visa/Emirates ID(Originals must also be presented)
- Salary transfer letter/salary certificate addressed to FAB
- Bank statements for the last three months showing salary credits (if salary is not credited to a FAB account)
- Signed and completed application
OR
OR
OR
OR
OR
*All interest rates quoted are effective rates on loan outstanding balance
Indicative Personal Loan Calculator
Enter your monthly income and expenses for each category, and the Loan Calculator will estimate the monthly EMI amount.
I am a UAE National
I am an employee of Ministry of Defense
My monthly Salary is
I need to borrow
And Pay it back (periods range from 6-60 months)
Annual interest rates from 4.70% - 12.75%
Monthly repayment
0
Total repayable
0
Additional one-time upfront processing fee of 1.05% will apply on the loan amount (minimum 525 and maximum 2,625). A life insurance fee may apply. For further information on fees and charges, please refer to the service and price guide.
Monthly repayment
0
Total repayable
0
* Please note that this is just an estimate calculator based on given amounts
Additional one-time upfront processing fee of 1.05% will apply on the loan amount (minimum 525 and maximum 2,625). A life insurance fee may apply. For further information on fees and charges, please refer to the service and price guide.
Get in touch
Need more help?
Contact us anytime for further assistance or check out our FAQ page for more information.
| For customers within the UAE | For customers outside of the UAE | ||
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600 52 5500 | |
+971 2 681 1511 |