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Mortgages

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The excitement of buying your first home is a feeling you will remember for the rest of your life. We want that experience to be joyful and seamless from the get-go. This is why we have carefully curated a selection of financing options to set you on the right path, and we will guide you through your journey every step of the way.

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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What is a Mortgage or Home Loan?

It’s a loan that is used to buy a property such as a house, villa, apartment, townhouse, or small building as an investment. The property will be held by the Bank as security until you pay off the loan.

What is a Down Payment?

Down Payment is the initial amount you need to contribute to availing of a home loan from a financial institution. It’s the amount of savings you use in buying a home.

How do we value the property?

Should you wish to get a mortgage from FAB, the property valuation, also called a site visit, will be conducted by one of the evaluators on our approved panel. Evaluators will visit the property to estimate its value. If you have already selected the property, and wish to estimate its worth, all you need to ensure is to specify the contact person (if other than you) who could be contacted for property valuation. To request a property valuation, you may call our Contact Centre on 600525500.

If you need the property valuation to be conducted without a loan from FAB, then you will have to contact a property valuator.

Do I need an insurance cover for the mortgage?

Yes. You would need both Life Insurance and Property Insurance cover for your mortgage. FAB has a group insurance cover available through our partners for both and can be easily availed. You will not be required to do any medical test for loan amount up to AED 6 million.

What is EIBOR, its trend and max high/low?

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 (centralbank.ae).

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.

AED
AED
Years
%

Representative example

Mortgage amount

Monthly repayment


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Loan Amount :
Interest Rate :
No Of Payments :
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FAB Green Mortgage

Switch to sustainable with our green mortgage.

  • Enjoy a discount of 0.25% on a five-year fixed interest rate.
  • Save 50% on your processing fee
  • Valid until 31 December 2022
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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
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Home Loan for Residences and Investments in UAE

Introducing our best mortgage rate yet

  • From 0.49% + 3m EIBOR
  • Dedicated Mortgage Advisor to support you throughout your loan journey

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
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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%).


We are here with you every step of the way. How would you like to connect with us?

 

 

Contact Centre


600 525 500

International Number


+971(2)6811511

Branch & ATM Locator


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First Abu Dhabi Bank

First Abu Dhabi Bank P.J.S.C

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