Security is the key
Receive a Secured Loan against your fixed deposits
and put your financial goals within reach.
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
AED 5 million
Borrow up to AED 5 million
Attractive rates
Attractive interest rates
Features - Enjoy great rates & flexibility
- Loans of up to Arab Emirate Dirhams (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 rate as applicable. (Fixed Rate)
Eligibility - Here's how you qualify
A Fixed Deposit held with FAB- Fixed deposit will be held as security for the loan
- The loan tenor must align with the fixed deposit term
OR
OR
OR
- 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)
OR
OR
OR
*All interest rates quoted are effective rates on the loan’s 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
AED
0
Total repayable
AED
0
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.
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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 |