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  • ae UAE

Mortgages

  • Two-year fixed rate starting from 1.99% per year
  • Fixed rate options for 2-5 years
  • Up to 85% financing for first-time buyers
  • No approval-in-principle fees
Mortgage rates
WARNING
If you do not keep up your repayments/payments, you may lose your property.

Frequently Asked Questions

How much financing is available for home loans if I am a first-time buyer?

You can own the home of your dreams with FAB’s mortgages by contributing as low as 15% for your first purchase, that means bank financing for a home loan would be up to 85% of the property value for UAE Nationals and 80%.

What kind of fees apply to FAB's mortgages?

When you are thinking about buying a home, you need to consider various costs. Financing/Borrowing Cost refers to the fees and charges associated with obtaining a home loan from a Financial Institution. Other Costs include (but not limited to) brokerage/consultation fees, developer charges, land registration charges, property management fees, property maintenance fees etc.

Here is a list of some of the fees that may apply to your FAB home loan:
  • Approval in Principal Fee: (To obtain mortgage pre-approval based on your income assessment even before you select any property) AED 525* *Approval in principal fee is AED 0 during the current campaign period

  • Valuation Fee: (Property Valuation Fee to assess the estimated market value of property to be financed) starting from AED 3,000/- depending on nature of property + VAT
  • Processing Fee*: (After Mortgage Approval, prior to releasing the funds) Reduced processing fee: 0.5% of approved finance + VAT *In case you shift your mortgage from another Financial Institution within UAE to FAB) the processing fee is waived along with reimbursement of Property Valuation Fee (up to AED 3,000/-) & Early Settlement Fee at settling Bank (up to AED 10,000/-).
  • Life Insurance Fee: (For entire duration of Mortgage): 0.0112% calculated per month on outstanding loan amount.
  • Property Insurance Fee: (For entire duration of Mortgage): 0.05% + VAT calculated on property value, paid upfront on pro-rata basis followed by annual payment.

Click here for detailed information on FAB Home Loan fees and charges.

What is the charge for early settlement of a home loan?

At FAB, we charge 1.0% + VAT of the outstanding mortgage amount up to a maximum of AED 10,000 + VAT as an Early Settlement Fee.

Click here for detailed information on FAB Home Loan fees and charges.

Do you offer low interest rates on home loans?

FAB offers highly competitive interest rates on home loans. You can enjoy obtaining a home loan from FAB with fixed rates for 2 years, as low as 1.99% per year*.

*Terms and conditions apply

Click here for a detailed overview of the rates offered by FAB.

How can I apply for a FAB Home Loan?

The FAB Home Loan application process is fast and easy. You may assess your approximate eligibility online by answering few questions on our web-based mortgage journey by clicking here.

You may also fill out a call back form for a Home Loan for Small Buildings or Home Loan for Etihad Guest Customers, call our Contact Centre at 600525500, or approach the nearest FAB branch to speak with one of our mortgage advisors.

What is the maximum amount I can borrow for a home loan?

With FAB home loans, you can borrow up to AED 20 million* for a residential property.
You may also check your eligibility online by answering few questions on our web-based mortgage journey by clicking here.

*Terms and conditions apply

What type of home loans does FAB offer?

FAB offers various types of home loans. You can learn more about our home loans by visiting the following pages or contacting us on 600525500 for further information on home financing:
Read more

We are currently experiencing higher call volumes than usual. We encourage you to use the FAB Mobile app and check our .

 

 

Customer Service

600525500

International

+971(2)6811511

Ratibi Service

600522298

International

+971(2)4996279

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