FAB Islamic Personal Finance

FAB
Islamic Personal Finance

Salary Transfer Required?
yes
Minimum Monthly Salary
AED 7,0000
Fixed Rate
2.64%
Reducing Rate
4.99%
Max Loan Amount
AED 5,000,0000
Salary Transfer Required? yes
Minimum Monthly Salary AED 7,0000
Fixed Rate 2.64%
Reducing Rate 4.99%
Max Loan Amount AED 5,000,0000

Top Reasons To Choose

  • High finance amounts - up to AED 5 million
  • Attractive profit rates - 2.64% p.a.
  • Flexible payment period up to 48 months
  • 90 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

Eligibility

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

Detailed Features

High Finance Amounts
Up to AED 5 million for UAE Nationals and up to AED 2 million for Expats

Low profit rates
Profit rate as low as 2.64% flat rate equivalent to reducing rate of 4.99% per year

Grace Period
90-day grace period until your first payment

Minimum documentation

Fast-track approvals

Comprehensive personal life Takaful coverage

Apply Now

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