- 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
Features - Enjoy great rates & flexibility
Loans of up to AED 5 million, or 95% of the fixed deposit amount for UAE nationals and expats
Flexible repayment terms of up to 48 months to repay through your FAB account
Interest Rate: Fixed Deposit Rate + 2% per year with a minimum of *2.49% (Fixed Rate)
Required Documents - This is what we'll need
Pledge on fixed deposit held with FAB
Signed and completed application
Copy of a valid passport/resident visa/Emirates ID(Originals must also be presented)
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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.