FAB Islamic Personal Finance

FAB
Islamic Personal Finance

Salary Transfer Required?
yes
Minimum Monthly Salary
AED 7000
Flat Rate
2.49%
Reducing Rate
4.7%
Max Loan Amount
AED 5000000
Salary Transfer Required? yes
Minimum Monthly Salary AED 7000
Fixed Rate 2.49%
Reducing Rate 4.7%
Max Loan Amount AED 5000000

Top Reasons To Choose

  • High finance amounts - up to AED 5 million
  • Attractive profit rates - 2.49% p.a.
  • Flexible payment period up to 48 months
  • 210 day grace period for first payment

Documents Required

  • Copy of a valid passport / resident visa/ emirates ID (originals must also be presented)
  • Bank statements for the last three months showing salary credits (if salary is not credited to a FAB account)
  • Salary transfer letter/salary certificate addressed to FAB
  • Liability letter or a clearance letter (in case of liability settlement)
  • Application completed and signed by the customer

Note: Additional documents may be required on a case-by-case basis

Joining Offers

Apply for FAB Islamic Personal Finance, top up your existing finance, or move your finance to FAB Islamic for a chance to win the powerful and aerodynamic Rabdan One, the first UAE-made electric vehicle. Plus, you could be one of the 51 customers to win prizes worth a grand total of AED 150,000 in FAB Islamic Rewards.

Click here for the Terms and Conditions

 

Eligibility

  • Employed in a governmental, semi-governmental or reputable private organisation
  • Applicant must be 21 years of age or above

Detailed Features

  • UAE Nationals:
    • 2.49%* (equivalent to a reducing rate of 4.74%*) per year- With Multi Product Package (with a salary transfer to a FAB Islamic savings account and Islamic credit card)
    • 3.29%* (equivalent to a reducing rate of 6.2%*) per year - With a salary transfer to a FAB Islamic savings account without an Islamic credit card
    • Loan amount upto AED 5 Million
    • 210 days grace period
  • Expats:
    • 2.82%* (equivalent to a reducing rate of 4.74%*) per year- With Multi Product Package (with a salary transfer to a FAB Islamic savings account and Islamic credit card)
    • 3.85%* (equivalent to a reducing rate of 6.2%*) per year - With a salary transfer to a FAB Islamic savings account without an Islamic credit card
    • Loan amount upto AED 2 Million
    • 120 days grace period
  • Comprehensive personal life Takaful coverage
  • Flexible repayment terms of up to 48 months to repay through your FAB account

Apply Now

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