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Personal Loans for UAE Nationals and Expats
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
Achieve your financial goals with a FAB Personal Loan and enjoy low interest rates starting from 4.70% per year.
Enjoy a host of benefits, like a flexible repayment solution, fast and easy approvals, and hassle-free documentation.
| Segment | 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 | Loan Amount | Grace Period |
|---|---|---|---|---|
| UAE Nationals | 4.70% fixed per year | 6.20% variable per year | AED 5 million | 210 days |
| Expatriates | 5.44% fixed per year | 7.20% variable per year | AED 2 million | 120 days |
Sign up for FAB’s Multi Product Package offer and enjoy less banking, and more living!
- Maximise your rewards by bundling more products and take home up to AED 10,000. Enjoy cashback on salary transfers, credit cards, loans, and more.
Eligibility - Here's how you qualify
A minimum monthly salary of AED 7,000- Employed with a governmental, semi-governmental or reputable private organization
- Applicants must be 21+ years old
- Completed a minimum of 6 months service or confirmed in employment with your current employer
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OR
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- 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
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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.
*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.
My monthly salary
I need to borrow
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Additional one-time upfront processing fee of 1.05% will apply on the loan amount (minimum AED 525 and maximum AED 2,625). A life insurance fee may apply. For further information on fees and charges, please refer to the service and price guide.
Monthly repayment
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* Please note that this is just an estimate calculator based on given amounts
Additional one-time upfront processing fee of 1.05% will apply on the loan amount (minimum AED 525 and maximum AED 2,625). A life insurance fee may apply. For further information on fees and charges, please refer to the service and price guide.
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Be mindful of the following
- Interest rates for UAE Nationals – Starting from 4.70% to 13.99%.
- Interest rates for Expatriates – Starting from 5.44% to 13.99%.
- The applicable interest rate depends on various factors such as income, employment status, type of loan, credit score, and an affordability assessment conducted by the bank. The interest rate may differ from the advertised representative rate. Customers can choose between a fixed or variable rate based on their preference.
- The interest rates mentioned apply only to customers who are employed with FAB’s approved list of employers.
- Illustrative example: If the loan amount is AED 250,000 at a fixed interest rate of 3.99% for a tenor of 48 months and opt for a first instalment grace period of 90 days, the indicative Equated Monthly Instalment (EMI) will be AED 5,681.46. The total interest payable on the loan will be AED 22,710.08. The total interest may be higher if you opt for an instalment deferment or miss any payments which may extend the duration of your loan, or increase your final repayment instalments.
- Minimum loan tenor is 6 months, and the maximum is 48 months. (60 months for UAE Nationals employed with Ministry of Defense).
- Processing fees for FAB Personal Loan is 1.05% of the principal loan amount (one-time payment) subject to a minimum of AED 525 and maximum of AED 2,625 (inclusive of VAT).
- Life insurance premium starts from 0.0169% of the monthly loan outstanding and is due monthly on the loan instalment due date, starting from the month of loan disbursal, irrespective of month when the first loan instalment is due and will be charged for the entire month, regardless of loan disbursal date. Life insurance monthly premium amount remains due even in case of deferral of the payment of monthly loan instalments. Failure to pay the monthly life insurance premium will impact your credit history with FAB and Al Etihad Credit Bureau.
- The Customer shall submit to the Bank all documents that the Bank may require and must inform the Bank of any change in the information provided at the time of making an initial request.
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 | ||
|---|---|---|---|
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600 52 5500 | |
+971 2 681 1511 |