Borrow against the value of your rental income with the FAB Landlord Loan.
Features – Enjoy great rates & flexibility
*Interest Rate (starting): Base Rate + 2% per year (Variable Rate)
Loans 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
*Disclaimer: This is a Variable Rate Loan. Click here for the current variable rates
Eligibility – Here’s how you qualify
Criteria to be met for the applicable variable rate:
Rate applicable is Base Rate + 2% if property is mortgage free
Rate applicable is Base Rate + 3% if property is under ‘other Bank’ Mortgage
Applicable only to UAE Nationals customers Banking with FAB with mandated salary / pension credit to the FAB account
Mandatory assignment of Rental income to FAB
This is a Variable Interest Rate Loan
Required Documents – This is what we’ll need
Assignment of rental income to FAB
Signed and completed application
Copy of a valid passport/resident visa/Emirates ID(Originals must also be presented)
