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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

AED 7,000

Minimum monthly salary

Up to AED 5 million

Up to AED 5 million for UAE Nationals and 2 million for expats

Competitive rates

Competitive interest rates

AED 7,000

Minimum monthly salary

Up to AED 5 million

Up to AED 5 million for UAE Nationals and 2 million for expats

Competitive rates

Competitive interest rates

Features

Enjoy great rates & flexibility

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

Interest rates from *5.95% variable for Emiratis and *6.95% variable for Expats

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

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

  • Node Minus Alt
    A minimum monthly salary of AED 7,000
  • OR
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    Employed with a governmental, semi-governmental or legitimate private organisation
  • OR
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    Applicants must be 21+ years old
  • OR
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    Completed a minimum of 6 months service or confirmed in employment with your current employer
  • OR
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    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
  • OR
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    This is a Variable Interest Rate Loan linked to Personal Loan Base Rate (PBR)
  • OR
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    The applicable rate may vary based on other factors including income, credit bureau score and approval criteria
  • OR
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    All interest rates quoted are effective rates on the outstanding loan balance
  • OR
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    Liability letter or a clearance letter
  • OR
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    Copy of a valid passport/resident visa/Emirates ID(Originals must also be presented)
  • OR
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    Salary transfer letter/salary certificate addressed to FAB
  • OR
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    Bank statements for the last three months showing salary credits (if salary is not credited to a FAB account)
  • OR
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    Signed and completed application
  • OR

Terms and conditions apply.

*All interest rates quoted are effective rates on loan outstanding balance

Indicative Loan Calculator

Just enter your monthly income and expenses for each category and the calculator will do the rest.
I am a UAE National
I am an employee of Ministry of Defense
My monthly Salary is
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I need to borrow
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And pay it back over
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Annual interest rate
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Monthly repayment
AED
0
Total repayable
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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.

Monthly repayment
AED
0
Total repayable
AED
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 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.

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
600 52 5500 +971 2 681 1511