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First Abu Dhabi Bank Personal Loan for UAE Nationals

First Abu Dhabi Bank Personal Loan for UAE Nationals
Minimum Salary

7,000 AED

Flat Rate

2.64 %

Reducing Rate

4.99%

Max. Term

4 Years

Salary Transfer

Yes

Islamic Finance

No

Description

Whether it’s for a new home, travels aboard or a wedding, our personal loans for UAE nationals are designed to meet the needs of all Emiratis.

Major Advantage: High finance amount

Features

Major Benefit:

  • Flexible repayment terms
  • Minimum documentation
  • Fast track approvals

 

Minimum Salary Requirement: AED 7,000

Reducing Rate (as advertised): From 4.99% p.a. (depends on profile of the customer)

Flat Rate: From 2.64% fixed per year (calculated as per 4 years calculation)

Processing Fees: 1.05% of the finance amount (Min AED 525, Max AED 2,625)

Maximum Finance Amount: AED 5,000,000

Islamic Finance: No

Maximum Term: 48 Months (or up to 60 months for employees of the Ministry of Defense)

Salary Transfer: Compulsory

Early Settlement Fees: 1.05% of outstanding amount

Insurance: 1% of the finance amount

Salaried/Self Employed:  Only Salaried can apply

Documents Required
  • Salary transfer certificate in favor of FAB Bank.
  • Last 6 months salary bank statements.
  • Valid Passport, Visa and Emirates ID copy.
  • Proof of current liabilities as required by Bank.  
Additional Info
  • All info mentioned can change at any point of time as per the discretion of the bank. The Bank will determine eligibility. All info above is subject to change.
  • Reducing rate is converted into Flat rate as per 4 years calculation.
  • Terms and conditions apply. 
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First Abu Dhabi Bank

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