Warning
- You may have to pay penalties if you pay off a loan/financing early
- If you do not meet the repayments/payments on your loan/financing, your account will go into arrears. This may affect your credit rating, which may limit your ability to access financing in the future
- Refinancing your loans/financing may take longer to pay off than your previous loan/financing and may result in paying more in interest/profit
Key Features and Benefits
275 Days Grace Period
Grace period of up to 275 days for the first instalment
AED 2 Million Loan Amount
Loan up to AED 2 million
5.34% fixed rate
From 5.34% fixed rate per year
Achieve your financial goals with a FAB Personal Loan and enjoy market-leading interest rate starting from 5.34% per year.
Apply for FAB Personal Loan and enjoy a host of benefits like a flexible repayment solution, fast and easy approvals, and hassle-free documentation.
Personal Loans Interest Rate
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 credit card from fab |
---|---|
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.
Personal Loan Eligibility and Documents
- 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
Top up your existing personal loan:
Top up your existing personal loan in a few easy steps! Click here to check your eligibility and apply instantly on the FAB Mobile app! Conditions apply.
- 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
*All interest rates quoted are effective rates on the loan’s outstanding balance.
Indicative Personal Loan EMI Calculator
Calculate your monthly installment by entering your income and expenses for each category. Our Personal Loan EMI Calculator will do the rest.
Get in touch
Need more help?
Contact us anytime for further assistance or check out our FAQ page for more information.
For customers within the UAE | For customers outside of the UAE | ||
---|---|---|---|
600 52 5500 | +971 2 681 1511 |