FAB - Personal Loans for UAE Nationals

FAB - Personal Loans for UAE Nationals

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• Competitive interest rates
• Minimum documentation
• Fast track approval
• It is a requirement to transfer your salary to apply
• The processing fee is 1% of the total finance amount (Minimum AED 500 and Maximum AED 2,500).
• The early settlement fee is 1% of outstanding balance.
• The insurance fee is 1% of the finance amount
• Loan repayment period is up to 48 months and applicable rate is 5% reducing.
• The reducing rate of this finance is 5% and the equivalent flat rate is 2.76%. The calculation used is a division of the reducing rate by 1.814 and this is indicative only
• This rate is calculated on a reducing balance.

  • Minimum Salary: AED 10,000
  • Fixed rate: 2.76%
  • Reducing rate: 5.00%
  • Processing fee: 1% (Minimum AED 500 and Maximum AED 2,500)

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