The FAB Advantage

Loans up to AED 5 million for UAE nationals and AED 2 million for expats

Flexible repayment terms of up to 48 months (or up to 60 months for employees of the Ministry of Defense)

Interest rates from *3.79% variable for Emiratis and *3.99% variable for Expats

Up to 150 days grace period for Emiratis and up to 90 days grace period for Expats before the first repayment

A minimum monthly salary of AED 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

Criteria to be met for 3.79% (UAE Nationals) and 3.99% (Expatriates) variable rate:

• Taking a new Personal Loan (does not currently have an existing Personal Loan with FAB), and
• Working in a company approved by FAB with their salary transferred to a FAB bank account and with a minimum monthly salary of AED 15,000
• This is a Variable Interest Rate Loan and subject to an introductory discount over the variable rate, which is only applicable for the first nine months
• 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

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