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FAB Landlord Loans
Landlord Loans
Features
- You can borrow against the value of rental income with FAB Landlord loan
- The Interest rate are starting from base rate and two percent per year
- The loans issued are up to AED 2 million
- Loan repayment is up to 48 months
- The loan repayments are managed by separate bank
- Compulsory assignment of Rental income to FAB
Benefits
- You can borrow up money on the rental income
- The highest loan amount offered by bank is up to 2 millions
- The Rate applicable is Base Rate + 2% if property is mortgage free
- The Rate applicable is Base Rate + 3% if property is under ‘other Bank’ Mortgage
- Scheme is applicable only to UAE National Customers This is a variable Interest rate loan
Frequently Asked Questions
Q. What is the loan amount?
A. The loan amount is up to AED 2 million
Q. What is the repayment tenor?
A. The repayment tenor is 48 months
Q. How is the repayment on rental income managed?
A. The repayment on rental income is managed by select banks
Q. Is the rental income mandatory assignment?
A. Yes it is mandatory to assign rental income
Q. What is the interest rate?
A. The Interest rate is starting from base rate + 2 percent per year of variable interest rate
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 Customer Care