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FAB Islamic Personal Finance

FAB Islamic Personal Finance

First Abu Dhabi Bank (FAB)

SALARY TRANSFER

Yes

FLAT RATE

2.49%

MONTHLY SALARY

AED 7,000

REDUCING RATE

4.70 %

  • High finance amounts - up to AED 5 million
  • Attractive profit rates - 2.58% p.a.
  • Flexible payment period up to 48 months
  • 210 day grace period for first payment

Salary Transfer Required?

Yes

Minimum Monthly Salary

AED 7,000

Fixed Rate

2.49%

Reducing Rate

4.70 %

Max Loan Amount

5,000,000

Key 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
FAB Landlord Loans

FAB Landlord Loans

First Abu Dhabi Bank (FAB)

SALARY TRANSFER

Yes

FIXED RATE

5.10%

MONTHLY SALARY

AED 5,000

REDUCING RATE

9.25%

  • Competitive Interest Rates

Salary Transfer Required?

Yes

Minimum Monthly Salary

AED 5,000

Fixed Rate

5.10%

Reducing Rate

9.25%

Max Loan Amount

2,000,000

Key Features

  • Variable interest rate starting from 9.25% p.a.
  • Generous loan amounts of up to AED 2 million
  • Flexible repayment terms of up to 48 months
  • Repayment from rental income received on properties managed by select banks

Things To Be Aware Of

  • Repayment from rental income managed by select banks
FAB Non Salary Transfer Personal Loans for UAE Nationals

FAB Non Salary Transfer Personal Loans for UAE Nationals

First Abu Dhabi Bank (FAB)

SALARY TRANSFER

No

FLAT RATE

10.49 %

MONTHLY SALARY

AED 15,000

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

Salary Transfer Required?

No

Minimum Monthly Salary

AED 15,000

Fixed Rate

10.49 %

Max Loan Amount

1,200,000

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.  

Key Features

  • Loans up to AED 1,200,000
  • Lowest-in-class rates starting from 10.49% flat rate per year
  • A salary transfer to a FAB account is not required
  • 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
FAB Non-Salary Transfer Islamic Personal Finance

FAB Non-Salary Transfer Islamic Personal Finance

First Abu Dhabi Bank (FAB)

SALARY TRANSFER

Yes

FIXED RATE

5.72

MONTHLY SALARY

AED 15,000

REDUCING RATE

10.49

  • Loans up to AED 1million
  • Interest rates starts from 8.39% per year for UAE Nationals
  • Interest rates starts from 5.43% per year for UAE Nationals

Salary Transfer Required?

Yes

Minimum Monthly Salary

AED 15,000

Fixed Rate

5.72

Reducing Rate

10.49

Max Loan Amount

1,000,000

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.  

FAB Non Salary Transfer Personal Loans for Expats

FAB Non Salary Transfer Personal Loans for Expats

First Abu Dhabi Bank (FAB)

SALARY TRANSFER

No

FIXED RATE

15.49 %

MONTHLY SALARY

AED 15,000

REDUCING RATE

15.49 %

  • Attractive loan amounts up to AED 800,000
  • Interest rates starts from 15.49% reducing per year
  • Minimum documentation
  • Chance to win a Rabdan One
  • Comprehensive Life Insurance coverage

Salary Transfer Required?

No

Minimum Monthly Salary

AED 15,000

Fixed Rate

15.49 %

Reducing Rate

15.49 %

Max Loan Amount

800,000

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

Key Features

  • Get high loan amounts of up to AED 800,000 with flexible payment terms of up to 48 months
  • Enjoy best-in-class rates starting from 15.49%* reducing 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
  • Benefit from comprehensive life insurance coverage
  • Flexible repayment terms
  • Minimum documentation
  • Fast-track approvals

 

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

Non-Salary Transfer Islamic Personal Finance

Non-Salary Transfer Islamic Personal Finance

First Abu Dhabi Bank (FAB)

SALARY TRANSFER

Yes

FIXED RATE

5.72

MONTHLY SALARY

AED 15,000

REDUCING RATE

10.49

  • Loans up to AED 1.2 million
  • Interest rates starts from 5.72% per year for UAE Nationals
  • Interest rates starts from 8.7% per year for UAE Nationals
  • A salary transfer to a FAB account is not required

Salary Transfer Required?

Yes

Minimum Monthly Salary

AED 15,000

Fixed Rate

5.72

Reducing Rate

10.49

Max Loan Amount

1,200,000

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.

Key Features

  • For UAE Nationals:
    • High finance amounts of up to AED 1.2 million with flexible payment terms of up to 48 months (or up to 60 months for Ministry of Defence employees)
    • Best-in-class profit rates starting from 5.72% per year (equivalent to a reducing balance rate of 10.49%* per year)
  • For Expats
    • High finance amounts of up to AED 800,000 with flexible payment terms of up to 48 months
    • Best-in-class profit rates starting from 8.70% per year (equivalent to a reducing balance rate of 15.49%* 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
  • Personal finance is available even if your employer is not on FAB Islamic’s Approved List of Employers
  • Comprehensive life Takaful coverage

One-time upfront processing fee of 1.05% will apply on the finance amount (minimum AED 525 and maximum AED 2,625). A life Takaful contribution may apply. For further information on fees and charges

  • For UAE Nationals:
    • High finance amounts of up to AED 1.2 million with flexible payment terms of up to 48 months (or up to 60 months for Ministry of Defence employees)
    • Best-in-class profit rates starting from 5.72% per year (equivalent to a reducing balance rate of 10.49%* per year)
  • For Expats
    • High finance amounts of up to AED 800,000 with flexible payment terms of up to 48 months
    • Best-in-class profit rates starting from 8.70% per year (equivalent to a reducing balance rate of 15.49%* 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
  • Personal finance is available even if your employer is not on FAB Islamic’s Approved List of Employers
  • Comprehensive life Takaful coverage

One-time upfront processing fee of 1.05% will apply on the finance amount (minimum AED 525 and maximum AED 2,625). A life Takaful contribution may apply. For further information on fees and charges