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FAB Personal loan for Expats
Personal loan for Expats
Features
- Get a fixed Interest rate at 5.34 % per year for Multi Product Package (with a salary transfer to your FAB account and holding a credit card from FAB)
- Get a Variable interest rate of 6.95% per year for a salary transfer to your FAB account without holding a FAB credit card
- A reducing rate of 6.95% and a flat rate of 3.55% is charged. The flat rate is calculated by dividing the reducing rate by 1.814 (Indicative only)
- A minimum salary of AED 7000 is required
- Salary transfer is required with or without holding FAB credit card
- Maximum loan amount of AED 2 Million is provided
Benefits
- Comprehensive personal life insurance coverage
- You can achieve financial goals with FAB personal loan by enjoying the best interest rates which start at 5.34 percent per year
- Get the privilege of flexible repayment with 120 days first installment grace period.
- Enjoy quick and easy approvals with hassle free documents.
- Get up to AED 7,500 FAB rewards when you transfer salary to FAB account holding FAB credit card
Frequently Asked Questions
⭐ Is there any fee for rescheduling of the loan in FAB?
A. Yes, for the given loan rescheduling fee is AED 262.5.
⭐ Can I get a personal loan for business purpose in FAB?
A. Yes, you can get a personal loan for business purpose also.
⭐ Do we need to provide proof of income to be eligible for a personal loan?
A. Yes, you need to provide a minimum of 3 months bank statements showing salary credits.
⭐ Are there any processing fees even on the top up loans?
A. Yes, on top-up loans a processing fee of 1.05% of the loan amount is charged.
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