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Mortgages for Existing Homeowner


We know exactly how crucial it is to sign up for the right mortgage, no matter what stage of the journey you are on. We are here to make the transition as seamless and beneficial for you as possible. Before we move forward, there are a few important details to consider.

What are you looking for?

We are here to help you navigate this financial journey with ease by offering you all the information, tools and insightful tips to make an informed decision.

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Remortgage, re-finance or buy-out mortgage is when you end your mortgage with your current financial institution or bank and transfer that mortgage to a different bank or institution.
Mortgages are one of your biggest outgoings every month and even a slight reduction in the interest rate on your mortgage can amount to substantial savings. Reducing your monthly commitment on the EMIs can be done by:
  • Being offered a better rate from another bank
  • Changing to a longer tenure
  • To reduce the interest rate on EMI
  • In need of cash to re-invest
  • To buy another property
  • To upgrade the current property with renovation etc.
Depending on the market value of your property vs the remaining payable balance of the mortgage, you may apply for a top-up on your existing loan. The bank would require a recent dated property valuation report (cost of which is borne by the customer).
The amount you can borrow in Equity Release depends on the value of your property. Depending on your property valuation and the amount that you currently owe on your mortgage, you may be able to borrow a higher sum than what you currently owe. Have a property to evaluate? You may reach out to our Contact Centre at 600525500 for assistance.
EIBOR (Emirates InterBank Offered Rate) is a benchmark interest rate published daily by UAE Central Bank. It reflects the average rate offered by major banks in UAE for short-term loan funding between banks. Daily and historical data for EIBOR is available at UAE Central Bank’s website EIBOR Rates | CB UAE (

Insightful Tips and Resources

A few charges to consider before remortgaging

Before applying for a Remortgage, ensure that you assess what you want from your new mortgage. Do keep in mind that moving your mortgage from your current provider may incur charges like an early repayment and exit fee.

Read more

Best ways to manage your finances

Planning a budget and managing finances efficiently are excellent ways to make sure you stay on top of your money game and manage to save for your future.

Read more

Mortgage Calculator

Use our Mortgage Calculator to find out how much you are eligible to borrow and the breakdown of your monthly payments. This tool will help you understand the difference an overpayment on your mortgage could make or how much more you could borrow on your current mortgage.

Mortgage Calculator

Just enter you monthly income and expenses for each category and the calculator will do the rest.


Representative example

Mortgage amount

Monthly repayment

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Loan Amount :
Interest Rate :
No Of Payments :

The Mortgage Application Process

Applying for a mortgage with FAB is easy. Start the journey to your new home with these simple steps:

FAB Green Mortgage

Switch to sustainable with our green mortgage.

  • Enjoy a discount on variable rates based on EIBOR
  • Save 50% on your processing fee

Home Loans for non-UAE residents

Buying an investment property in the UAE as a non-resident is easy with FAB.

  • High loan amounts of up to AED 10 million
  • Borrow up to 50% of the property’s value
  • Competitive variable rates with an option to link to EIBOR or MBR

Home Loan for Residences and Investments in UAE

Own your dream home in the UAE with a range of mortgage options including low fixed and variable rates.

  • One-year fixed rate from 3.99%
  • Three-year fixed rate from 4.24%
  • Five-year fixed rate for 4.49%
  • One-year variable rate from 0.55% + 3 months EIBOR
  • Low down payments, high loan amounts, flexible rate options and helpful mortgage advisers
  • Exclusive deals on properties with major developers

Loans for Small Buildings

Get finance for completed residential buildings.

  • Loan amount of up to AED 100m
  • Loan duration of up to 20 years
  • Competitive rates

National Housing Loan

Helping UAE nationals to buy their dream homes.

  • Loans up to AED 2 Million
  • Loan duration of up to 25 years
  • No interest

*This is a variable rate offer based on a three month EIBOR in addition to a margin of 1.49% (with a minimum rate of 1.99%).

Need Support?

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First Abu Dhabi Bank

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