UAE 
*All interest rates quoted are effective rates on loan outstanding balance
First Abu Dhabi Bank
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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
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 *5.95% variable for Emiratis and *6.95% 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 5.95% (UAE Nationals) and 6.95% (Expatriates) variable rate:
- Working in a company approved by FAB with their salary transferred to a FAB bank account and with a minimum monthly salary of AED 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
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
Additional one-time upfront processing fee of 1.05% will apply on the loan amount (minimum AED 525 and maximum AED 2,625). A life insurance fee may apply. For further information on fees and charges, please refer to the service and price guide.
Can't find what you are looking for?
We are currently experiencing higher call volumes than usual. We encourage you to use the FAB Mobile application and check our Frequently Asked Questions (FAQs) page.