A wide range of shariah compliant products
Fast and simple approval process
Competitive Profit Rates
High Finance Amount
Flexible Tenures
Low minimum salary requirement

• Avail a high personal loan amount upto AED 175,000 or upto 8x Salary (No Salary transfer to Citi is required)
• Get an in-principle approval in 10 minutes 

Whether you are taking baby steps into parenthood, renovating a home, planning a family reunion or a wedding, whatever the needs, make it happen with a Citi Personal Loan without the hassels of transferring your salary to Citi. 

Unlike most other loans, personal loans are easier t avail, as they require minimum documentation. They are processed quickly  and are usually disbursed within a week. A convenient and flexible repayment period of 6 to 48 months for a personal loans without a salary transfer.

• High loan amount up to AED 300,000
• Easy repayment options
• No collateral or guarantor required
• 100% cash without end use declaration
• 7-day Loan Return Option
• Double Insurance Coverage

Competitive interest rates starting from 18.99% reducing
Repayment period of up to 48 months
Minimum 1 year length of business
Loan amount up to AED 300,000
7-day Loan Return Option
Double Insurance Coverage

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.

• 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 5.34%*) 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 7.2%*) 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 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.  

• Get high loan amounts of up to AED 800,000 with flexible payment terms of up to 48 months
• Enjoy market leading interest rates starting from 15.49% fixed 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

*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

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.  

• 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

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.

• 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

• High Personal Loan amounts at low interest rates
• Quick approvals
• Competitive interest rates
• Flexible repayment periods of up to 48 months for expatriates and UAE nationals (60 months for Armed Forces Staff)

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 48 months expats and 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.  

UAE loan APR rates range between from 5% to 35% in general.

Illustration: 

If a customer borrows a loan of AED 20,000 and earns an income of AED 10,000. With a repayment period of 48 months, the EMI would be AED 470 at an effective interest rate of 13.99% per annum.           

Total repayment that would have been paid at the completion of the loan would be AED22,540, The borrower would be paying AED 2,540 as interest.  

Please use Soulwallet’s Loans EMI Calculator for further simulations.

Arrangement Fee: 1% of the finance amount