FAB Islamic Home Finance

FAB Islamic Home Finance

First Abu Dhabi Bank (FAB)

MINIMUM SALARY

AED 15,000

FIXED RATE

LOAN AMOUNT

AED 2,000,000

REDUCING RATE

0.55% + 3 months EIBOR in first year

DOWN PAYMENT

15.00%

  • Fixed profit rate options for up to 10 years
  • Up to 85% financing for first-time buyers
  • No approval-in-principle fee

Minimum Salary Required

AED 15,000

Max Loan Amount

AED 2,000,000

Reducing Rate

0.55% + 3 months EIBOR in first year

Down Payment

15.00%

Key Features

Islamic Home Finance benefits include:

  • Profit rates starting from 3-month EIBOR + 0.49%* for the first year then 3-month EIBOR + 1.20%* per year from the second year onwards
  • Fixed profit rate options for up to 10 years
  • Up to 85% financing for first-time buyers
  • No approval-in-principle fee
FAB Morgage Loans for Residences in UAE

FAB Morgage Loans for Residences in UAE

First Abu Dhabi Bank (FAB)

MINIMUM SALARY

AED 15000

FIXED RATE

5.24%

LOAN AMOUNT

AED 2,000,000

REDUCING RATE

0.55% + 3 months EIBOR in first year

DOWN PAYMENT

15.00%

  • FAB’s range of mortgage options and ratest from 3.99%
  • No approval-in-principle fee
  • Up to 85% financing for first-time buyers

Minimum Salary Required

AED 15000

Max Loan Amount

AED 2,000,000

Fixed Rate

5.24%

Reducing Rate

0.55% + 3 months EIBOR in first year

Down Payment

15.00%

Key Features

  • Range of fixed rate mortgages of up to five years for 5.24% 
  • One-year fixed rate from 3.99% and a FAB credit card for customers who transfer their salaries to a FAB account*
  • One-year fixed rate from 4.99% and a FAB credit card for customers without salary transfers to a FAB account*
  • We offer a range of fixed rate mortgages of up to five years for 5.24%**
  • One-year variable rate from 0.55% + 3 months EIBOR for the first year and 1.5% + 3 months EIBOR from the second year onwards
  • Up to 85% financing for first-time buyers
  • No approval-in-principle fee
  • Loans upto AED 20 million
  • 25 years loan term upon maturity
  • 15% of the value of property for UAE Nationals and 20% for Expat - (first-time buyers only)

*The subsequent mortgage rate you’ll move to when your current deal ends is equivalent to the Mortgage Base Rate (MBR) minus4.5% and it will not fall below a specified rate of 1.99% over an agreed period of time.

**The subsequent mortgage rate you’ll move to when your current deal ends is 3 months EIBOR + 1.89% or the Mortgage Base Rate (MBR) minus 5% (rate applicable to customers with a salary transfer to a FAB account).