Your details are safe and secured
Credit Bureau Consent, Welcome Offer & General Terms & Conditions
I hereby acknowledge and agree to allow Citibank to share my details with any UAE credit bureau and make enquiries about me with any UAE credit bureau at its sole and absolute discretion. I agree to the Terms and Conditions listed below. Citibank Terms and Conditions apply, are subject to change without prior notice and are available upon request. For the current Terms and Conditions, please visit our website www.citibank.ae. All offers are made available on a best-effort basis and at the sole discretion of Citibank, N.A. Citibank, N.A. makes no warranties and assumes no liability or responsibility with respect to the products and services provided by partners/other entities. By inquiring about our services, offers or products, you will be authorizing our representatives to approach you on your contact details including your telephone/mobile number for any product or service offered by Citibank. The applicant agrees to be bound by Citibank’s General Terms and Conditions available on the website www.citibank.ae. The applicant hereby represents and warrants that the information provided herein is true, accurate, and complete and that he/she agrees to remain responsible for and to indemnify Citibank, N.A. from and against any losses, claims and/or liabilities incurred by Citibank NA as a result of having relied on such information. Citibank, N.A. is not required to verify the information provided by the applicant and neither is the bank obliged to provide the applicant with any loans or credit facilities based on the provided information. The products and services mentioned on this website are not offered to individuals resident in the European Union, European Economic Area, Switzerland, Guernsey, Jersey, Monaco, San Marino, Vatican, The Isle of Man or the UK. This page is not, and should not be construed as, an offer, invitation or solicitation to buy or sell any of the products and services mentioned herein to such individuals.
Thank you for providing your details.
FAB Home Loans in UAE
Features of FAB Home Loan
- Provides up to 80% of the property value as maximum finance
- Maximum loan amount provided is 20 Million
- Can get long repayments term
- Low processing fees are charged
- Can avail life and property insurance coverage
- Provides loan for investments, residents, etc.
- For Buyout Loans, no processing fees, a refund of valuation and early settlement fees
Eligibility Criteria of FAB Home Loan
- A minimum salary of AED 15,000 is required
- Only UAE nationals and expats are eligible
Documents Required of FAB Home Loan
- Valid passport
- Valid Emirates ID
- Residence Visa(for expats)
- Bank statements
- Income proofs
Banks may ask for additional documents depending on the applicant's profile.
First Abu Dhabi (FAB) Home Loan Interest rates
4 Home Loans Provided By First Abu Dhabi (FAB)
Mortgage loan for Residences in UAE
Features
- Interest rates are starting at 3.99%
- The down payment starts from 15%
- The arrangemt fee is 0.5%+ VAT
Features
- Interest rates are starting at 3.99%
- The down payment starts from 15%
- The arrangemt fee is 0.5%+ VAT
- Fixed-rate Mortgages up to 5 years
- Get best-in-market fixed rates when you transfer your salary to a FAB account. You will also get a FAB credit card to complement your loan.
- Cashback earning up to AED 12,500 when you transfer your salary to a FAB account and open an iSave Account with multi product offer
- The maximum tenure of 25 years is provided
- No approval in Principal fee
- Exclusive deals on processing fees and discounted valuation fees on properties with major developers
- A minimum salary of AED 15,000 is required per month
- Salary transfer accounts enjoy a fixed rate of 3.99% for one year, 4.24% for three years, and 4.49% for five years. Non-salary transfer accounts have a fixed rate of 5.24% for up to five years.
Experience flexibility with variable rates at 0.55% plus 3 months EIBOR for a dynamic and adjustable mortgage solution. - Up to 20 million of finance amount can be availed
- Up to 85% financing for first time buyers.
Benefits
- High finance is provided
- Provides finance for both under construction and completed properties
Home Loan for Non-Residents in the UAE
Features
- No approval in principle fees. You can check your eligibility at no cost.
- You can Borrow up to 50% of the property’s value
- Get a Competitive variable rates with an option to link to EIBOR or MBR
Features
- No approval in principle fees. You can check your eligibility at no cost.
- You can Borrow up to 50% of the property’s value
- Get a Competitive variable rates with an option to link to EIBOR or MBR
- A maximum loan amount of AED 10 million is provided
- The early settlement fee is charged
- 2.10% of the overdue amount is charged as a late payment fee
- 1.05% of the loan amount is charged as a processing fee
- The down payment starts from 15%
- The arrangement fee amounts to 0.5% plus VAT.
- For Buyout loan, no processing fees, a refund of valuation and early settlement fees
Benefits
- A high loan amount is provided
- The fixed interest rate can be set for a duration
- No processing fee on buyout loans
Loans for Small Buildings
Features
- Loans are provided for new purchase or a refinance for completed residential buildings in the UAE.
- Enjoy best competitive interest rates.
- Loans offered up to AED 100 million or up to 70% of the property value.
Features
- Loans are provided for new purchase or a refinance for completed residential buildings in the UAE.
- Enjoy best competitive interest rates.
- Loans offered up to AED 100 million or up to 70% of the property value.
- Loan tenure is up to 20 years.
- Flexible repayment terms from rental income.
- 1% standard processing fee.
- The arrangement fee is 0.5%+ VAT
- Property management provided by FAB.
- Life and property insurance coverage
Benefits
- High loan amount
- Quick and transparent process
- Long repayment period of up to 20 years
- Easy asset management
- No requirement of salary transfer
- High financing ratio up to 70% of the property value
- Get loans for small building offer for fresh loans and buyout options
- Simple documentation like income documents, property documents and signed mortgage application
Green Mortgage
Features
- Start enjoying a great discount on variable rates based on EIBOR.
- You can save 50 percent on processing fee
Features
- Start enjoying a great discount on variable rates based on EIBOR.
- You can save 50 percent on processing fee
Frequently Asked Questions
⭐ For how long the interest rates are charged on a fixed rate basis?
A. For the first two years, the interest rates are charged on a fixed rate basis.
⭐ Can I get a loan clearance letter?
A. Yes. Loan clearance letter can be obtained on paying AED 99.75.
⭐ Can I settle my loan partially?
A. Yes. Partial settlement of home loan can be availed but AED 1.05% is charged as partial settlement fees.
⭐ What are the charges for life insurance?
A. 0.0365% of the outstanding loan amount is charged as life insurance fees monthly. For example, if your outstanding loan amount is AED 1000K then AED 365 will be charged as life insurance fees.
⭐ What are the fees charged for property insurance?
A. 0.0525% of the property value is charged as property insurance fees monthly.
⭐ What are the fees charged for loan rescheduling?
A. AED 3150 is charged as loan rescheduling fees.
⭐ Can I get pre-approval of the loan?
A. Yes. Pre-approval can be obtained on AED 525 as pre-approval fees.
⭐ Is the pre-approval fees refundable?
A. No. the pre-approval fees are not refundable. It can be reimbursed with the processing fees when you get a mortgage loan from FAB.
About FAB
First Abu Dhabi Bank (FAB) is one of the largest banking institutions established in 2017 and is a merger of NBAD and FGB. FAB offers tailor made solutions, products and services to the customers.The international network of FAB is spread over 5 continents providing global relationships, expertise and financial strength to local and international business. FAB offers its diversifying services by having differentiation, agility and innovation as their main motto and vision
Get in touch with FAB Bank Customer Care