FAB Non Salary Transfer Personal Loans for UAE Nationals

Non Salary Transfer Personal Loans for UAE Nationals

Salary Transfer Required?
Minimum Monthly Salary
AED 15000
Flat Rate
Reducing Rate
Max Loan Amount
AED 1200000
Salary Transfer Required? no
Minimum Monthly Salary AED 15000
Fixed Rate 10.49%
Reducing Rate 10.49%
Max Loan Amount AED 1200000

Top Reasons To Choose

  • Loans upto AED 1,200,000
  • Lowest-in-class rates from 10.49% fixed rate per year
  • Employer need not be on the FAB approved list of companies
  • Pay from current salary transfer account
  • Comprehensive life insurance coverage

Loans for UAE Nationals are designed especially to meet the borrowing requirements of all Emiratis, whether it's a home to invest in, travel or marriage expenses. With competitive loan amounts, pricing and quick approvals, you will get great value while realizing your medium and long term financial needs.

UAE nationals can apply for this benefit packed loan.

Product Overview
Personal Loans in UAE are offered to customers for a variety of reasons including education, travel, medical and many more.  There are two types of personal loans, one which requires a salary transfer and one which doesn’t. Loans are offered for a minimum period of 6 to a maximum of 60 months for UAE Nationals. Most of the banks assign Loan APR (Annual Percentage Rate) based on the profile of the customer and his/her employer. A few banks use bureau score to assign interest rates. 

Documents Required

  • Copy of a valid passport/Emirates ID (originals must also be presented)
  • Bank statements for the last six months showing salary credits (if salary is not credited to a FAB account)
  • Salary certificate addressed to FAB
  • Signed and completed application

Joining Offers

Apply for a FAB Personal Loan, top up your existing loan, or move your loan to FAB 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 Rewards.  

Click here for the Terms and Conditions


  • A minimum monthly income of AED 15,000
  • Acceptable Credit Bureau Score
  • A minimum of 18 months service with your current employer
  • Applicants must be 21+ years old
  • Applicant must be a UAE National

Detailed Features

  • High personal loan amounts of up to AED 1,200,000 with flexible payment terms of up to 48 months (or up to 60 months for Ministry of Defence employees)
  • Lowest-in-class rates starting from 10.49%* fixed rate per year
  • A salary transfer to a FAB account is not required, and you can pay your instalments from the bank account into which you receive your salary each month
  • A personal loan is available even if your employer is not on FAB’s Approved List of Employers
  • Comprehensive life insurance coverage

*All interest rates quoted are effective rates on the loan’s outstanding balance.

*Rates shown are minimum available and may vary depending on income, credit bureau score, and lender’s approval criteria.

A Flat interest rate is calculated on the entire loan amount throughout the loan tenure. In this case, the interest rate or lending rate is fixedf for the duration of the loan and will be calculated at the start of the loan.

Interest accrual on each installment= (Loan principal x Loan tenor x  interest rate per annum)/ total number of installments

A Reducing rate is calculated based on diminishing principal amount. Every month when you pay your EMI your principal reduces. Interest is calculated only on the reduced principal amount at the time of EMI Payment. 

Interest payable on each installment= Outstanding loan amount x interest rate applicable for each installment


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