Personal loans for Emiratis of up to AED 5 million.
Features – Enjoy great rates & flexibility
Achieve your financial goals with a FAB Personal Loan and enjoy our market-leading interest rate starting from 4.74% per year.
Get up to AED 5 million and take advantage of a 12-month grace period before the first instalment. Plus, you can enjoy a host of other benefits like a flexible repayment solution, 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 | 4.74% per year | A reducing rate of 5.95% per year |
Other great benefits included with the Multi Product Package:
Up to AED 10,000 in FAB Rewards when you transfer your salary to your FAB account while holding a FAB credit card.
Offer valid for UAE Nationals.
To know more about the Multi Product Package, click here.
Eligibility – Here’s how you qualify
A minimum monthly salary of AED 7,000
Employed with a governmental, semi-governmental or reputable 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
