Personal loan with competitive rates and flexible features.
Features – Enjoy great rates & flexibility
Achieve your financial goals with a FAB Personal Loan and enjoy our market-leading interest rate starting from 5.34% per year.
Get up to AED 2 million and take advantage of other great benefits like a flexible repayment solution with up to 9 months first instalment grace period, fast and easy approvals, and hassle-free documentation.
| | With Multi Product Package (with a salary transfer to your FAB account and holding a credit card from FAB) | With a salary transfer to your FAB account without holding a FAB credit card |
| Interest rate | 5.34% fixed per year | 6.95% variable per year |
Other great benefits included with the Multi Product Package:
Up to AED 7,500 in FAB Rewards when you transfer your salary to your FAB account with holding a credit card from FAB
Eligibility – Here’s how you qualify
A minimum monthly salary of AED 7,000
Employed with a governmental, semi-governmental or legitimate private organisation
Applicants must be 21+ years old
Completed a minimum of 6 months service or confirmed in employment with your current employer
Criteria to be met for a variable rate:
- Working in a company approved by FAB with their salary transferred to a FAB bank account with a minimum monthly salary of AED 7,000
- This is a Variable Interest Rate Loan linked to Personal Loan Base Rate (PBR)
- The applicable rate may vary based on other factors including income, credit bureau score and approval criteria
- All interest rates quoted are effective rates on the outstanding loan balance
Required Documents – This is what we’ll need
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 buyout loans)
Signed and completed application
