FAB Personal Loan

FAB personal loans are among the most popular options available in the Emirates. These loans bring a range of benefits in the form of high loan amounts, competitive rates, and more. Let’s understand them in detail to help you choose the right option.

FAB Personal Loan- Key Benefits

The primary features of FAB Bank personal loan are as follows:

For UAE Nationals	For UAE Expats	Non-listed Company Loan	New to Country/New to Employment	Landlords Loan
Loan amount of up to AED 5 million A grace period of 120 days	Loan amount of up to AED 2 million A grace period of 120 days	Loan amount of up to AED 500,00 for UAE Nationals and Expats Fixed-rate for UAE Nationals- Starting from 8.99% per annum Fixed-rate for UAE- Starting from 11.99% per annum A flexible repayment tenure of 48 months	Loan amount of up to AED 600,000 Convenient documentation Easy and quick approvals Comprehensive personal life insurance Fixed interest rate- Starting from 12.75% per annum	Loan amount of up to AED 2 million A loan repayment tenure of up to 48 months Loan repayment through the rental income Starting interest rate- Base Rate+ 2% Variable Rate p.a

FAB Personal Loan Eligibility

Given are the eligibility for all FAB personal loan products in the UAE: 

For UAE Nationals	For UAE Expats	Non-listed Company Loan	New to Country/New to Employment	Landlords Loan
Minimum salary- AED 7,000	Minimum salary- AED 7,000	Employees of non-listed companies Minimum salary- AED 10,000 Minimum Age- 21 years Minimum employment- 6 months of service with the current employer	Minimum salary- AED 10,000	Applicable Rate- Base Rate + 2% (in case of mortgage-free property) Applicable Rate- Base Rate + 3% (in case property is under ‘Other Bank’ mortgage) Nationality- UAE Nationals Applicants- Existing Customers of FAB Salary Transfer/ Pension Transfer- Yes

FAB Personal Loan Requirements

We have provided you with a set of documents required for obtaining each type of loan at FAB:

For UAE Nationals	For UAE Expats	Non-listed Company Loan	New to Country/New to Employment	Landlords Loan
Emirates ID Passport Residence Visa Latest 3 Months’ Bank Statement Salary Certificate/ Salary Transfer Letter Duly Filled Application Liability Letter/ Clearance Letter (applicable to buyout loans)	Emirates ID Passport Residence Visa Latest 3 Months’ Bank Statement Salary Certificate/ Salary Transfer Letter Duly Filled Application Liability Letter/ Clearance Letter (applicable to buyout loans)	Emirates ID Passport Latest 3 months’ bank account statement Salary certificate/ salary transfer letter Duly filled application form	Emirates ID Passport Residence Visa Salary Transfer Letter/ Salary Certificate Duly Filled Application	Emirates ID Passport Residence Visa Assignment of Rental Agreement to FAB Duly Filled Application

Note:

• Present the originals and copies of each document
• All documents must be valid

Apply for Personal Loan at FAB via Paisabazaar.ae

Paisabazaar.ae brings you the comfort of applying for a personal loan without any hassle. Get your loan online through these simple steps:

STEP 1: Go to the personal loan lead form.

STEP 2: Provide the correct details and submit the form.

STEP 3: Choose your preferred loan option.

STEP 4: Apply and follow the next steps.

Know why you must choose Paisabazaar.ae for your loan requirements:

• Collaboration with top banks across the UAE
• Access multiple loan options listed in our quotes
• Compare loans from different banks on a single platform
• Our website’s user interface makes it easy to navigate
• Get in touch with our customer support team for all your loan-related queries

FAB Personal Loan- Fees & Charges

The major fees and charges linked to the personal loan FAB are tabled below:

Type of Fee	Charges
Processing Fee for New Loans	1.05% of the loan amount; Min. AED 525 Max. AED 2,625
Processing Fee for Top-Up Loans	1.05% of the loan amount; Min. AED 525 Max. AED 2,625
Instalment Deferment Fee	AED 105 per deferment
Late Payment Fee	2.10% of the delayed amount Min. AED 52.50 Max. AED 210
Loan Rescheduling Fee	AED 262.50
Loan Cancellation Fee	AED 105
Early Settlement Fee from Same Bank’s Loans	1.05% of the remaining balance; Max AED 10,500
Early Settlement Fee from Other Bank’s Loans	1.05% of the remaining balance; Max AED 10,500
Life Insurance Fee (paid to the insurer)	If charged upfront: 1-1.5% of the approved loan amount If charged on a monthly basis: 0.0169-0.0171% per month on the loan outstanding balance or as agreed in the personal loan contract

FAB Bank Personal Loan Calculator

Financial institutions have made banking easy. They allow you to operate all the banking functions online, including letting you calculate your monthly loan instalments before applying for one.

The key benefits of an online calculator include:

• Free access to everyone
• Generates automated results
• Eliminates human-calculation errors
• Saves time by providing results within seconds
• It gives you an approximation of your instalments before initiating the loan process

At Paisabazaar.ae, use our personal loan calculator to choose the loan and make better decisions. Alternatively, you can use FAB’s loan, which is available on its website.

FAB Personal Loan- Terms and Conditions

Given are some of the terms and conditions of the personal loan offered by FAB:

• The Bank decides whether to offer a Loan or Overdraft based on its own rules and the laws that apply. Meeting the eligibility criteria does not guarantee approval, as the final decision is up to the Bank
• The Bank has the right to approve or deny any Loan or Overdraft at its sole discretion. If your request is denied, the Bank may provide a reason, where legally allowed, but is not obligated to do so
• If you receive a Loan or Overdraft, it is meant for you personally. You must inform the Bank immediately if you are not the one who will ultimately benefit from it or if someone else is giving instructions related to it—even if it’s just for a single transaction
• You are not allowed to take loans, advances, or overdrafts from your employer or any other bank or financial institution in the UAE without first getting written approval from the Bank
• To process a Loan or Overdraft, you must provide all necessary forms, documents, and proofs as required by the Bank, in a format that meets its standards

📝 Note: Refer to the bank’s website for detailed terms and conditions.

FAB Personal Loan Contact Number

Refer to the FAB personal loan contact number below:

•  Within the UAE- 600525500
• Outside the UAE- +97126811511

Frequently Asked Questions