FAB Personal Loan

First Abu Dhabi Bank (FAB), one of the prominent banks in the UAE, offers excellent personal loans to UAE residents (including expatriates). These loans are offered at competitive interest rates and with high finance amounts & flexible repayment tenure. You can use these loans for a variety of purposes such as debt consolidation, travel expenses, higher education, marriages, and more. A notable feature of the FAB personal loan is that the borrowers can avail of complimentary life insurance with coverage equal to the remaining loan amount, which can be helpful for the family/beneficiaries in case the borrower passes away.read more

FAB Personal Loan
al hilal Bank Personal Loan
Personal Loan Starting from 2.63%* Interest rate

T&C Apply

  • Minimum Salary 5000 AED
  • EMI Tenure up to 48 Months
  • Lowest Interest Rates

Get personal loan at Lowest Interest Rate
  • Dubai
  • Abu Dhabi
  • Sharjah
  • Ras Al Khaimah
  • Ajman
  • Other

FAB personal loan in the UAE are popular for their high loan amounts upto 2 million for expats and upto 5 million for UAE nationals and at low-interest rate.FAB Personal loan

Furthermore, interested customers may conveniently apply for FAB personal loan through an online form, which requires minimal documentation. The First Abu Dhabi Bank personal loan in the UAE are offered with one of the lowest variable interest rates starting from 3.99% p.a. (reducing rate) and 2.64% (fixed rate) across its two categories - FAB personal loans for expats and FAB personal loan for UAE Nationals.

List of FAB Personal Loan Plans with Interest Rate

Consider the following table for the applicable FAB personal loan interest rates for UAE nationals and for expats:

Category Max. Loan Amount Tenor FAB Personal Loan Interest Rate Type of Interest

FAB Personal Loan For UAE Nationals

AED 5 Million

Up to 48 months

From 3.99% per annum

Reducing

FAB Personal Loan For Expats

AED 2 Million

Up to 48 months

From 3.99% per annum

Reducing

 Disclaimer: Interest Rates are subject to change any time.

Features for FAB Personal Loan

The FAB personal loan is available in two variants, for UAE nationals, and for expats. The features and benefits of both have been detailed below.

Feature Availability

Early Settlement

Yes, at a charge of 1.05% of remaining balance or AED 10,500 whichever is lower

Salary Transfer

Not Mandatory

Flat Interest Rate

2.64%

Reducing Interest Rate

3.99%

Flexible Repayment Tenure

Yes

Free Insurance Coverage

Yes

Quick Approvals

Yes

Apply personal loan with maximum benefits

Benefits of FAB Personal Loan

  • Loan Amounts - The maximum loan amount to be offered for Emiratis is AED 5 million. On the other hand, FAB personal loan for expats, offer a maximum loan of AED 2 million.
  • Tenor - The borrowers are offered up to 48 months (or a maximum of 60 months for Ministry of Defence employees) loan tenor to repay the borrowed amount. The tenor is determined on the mutual agreement between the borrower and the bank.
  • Easy to Apply - The applicants can apply for personal loans via the online form available at First Abu Dhabi Bank official website. Also, with the help of FAB Personal loan Calculator, one can check FAB personal loan interest and loans EMI to easy repayments.
  • Free Life Insurance - The borrowers can avail of a complimentary and comprehensive life insurance cover with the First Abu Dhabi Bank personal loan. This includes coverage for the remaining loan amount in the event of the sudden death of the borrower.  
  • Documentation - The applicants for the loan can enjoy an easy application process and minimum documentation in order to avail the FAB loan.

Eligibility Criteria for FAB Personal Loan

The First Abu Dhabi Bank personal loan requirements are slightly different for UAE nationals and expats. The eligibility parameters mentioned below apply to both the categories.

  • Age - To apply for a FAB Personal loan for UAE nationals and expat applicants are required to be a minimum 21 years of age to avail of a First Abu Dhabi Bank personal loan at low interest rate in the UAE.
  • Employment - Applicants of the First Abu Dhabi Bank personal loan is required to have employment at a government, semi-government or a reputed private institution. This will be confirmed by taking employer details and salary slips from the applicant.
  • Income - In order to avail a fab personal loan minimum salary required is AED 7,000. This is the same for UAE nationals and expats alike.

In addition to these First Abu Dhabi Bank personal loan requirements, expats are also required to have a valid UAE residence visa.

Check loan eligibility and apply personal loan

Document Requirements to Apply for FAB Personal Loan

The documents required to apply for First Abu Dhabi Bank personal loan are as follows:

  • The loan application form, which can be found on the official website of FAB Bank. One can also visit the branch offices of FAB across the nation.
  • UAE Nationals are required to submit their Emirates ID and passport, while expat applicants are required to submit their residence visa in addition to the listed.
  • Non-salary transfer applicants are required to submit the latest three months of their bank statement. Additionally, FAB personal loan in the UAE may also require applicants to make at least one salary transfer and submit the respective salary transfer letter.

Apply best personal loan to get rid of financial problems

FAQs on FAB Personal Loan

Q.1. What are the best personal loans offered by FAB?

Ans: The personal loans offered by FAB are flexible and customized to the applicant’s requirements. Get in touch with FAB customer care executives or simply head over to the site for FAB personal loans online in the UAE to find a personal loan with a variable interest rate and flexible tenor.

Q.2. What is a salary transfer certificate?

Ans: A salary transfer certificate is the one that shows the applicant has transferred a month’s salary to the FAB account. The salary transfer certificate is issued by the employer in favor of the bank, FAB.

Q.3. Do I have to maintain a minimum balance in my FAB account?

Ans: No, as an applicant you are not required to maintain any balance in the FAB account. The FAB account is created in order to receive the applicant’s salary transfer.

Q.4. Can I calculate my FAB personal loan EMI on my own?

Ans: With the help of FAB personal loan calculator, you can calculate your loan EMI without a hassle. FAB personal loan calculator is an online tool that calculates your loan EMI and estimates an amount to be paid against a loan. This tool calculates the EMI based on certain factors such as loan amount, monthly salary of the applicant, loan tenure etc. By visiting the official website of First Abu Dhabi Bank, you can easily calculate FAB personal loan interest rate with this calculator.

Q.5. What is a variable interest rate?

Ans: Personal loan interest rate offered by FAB Bank is reducing or variable in nature. This form of interest is charged directly on the principal amount and as a result, decreases every time the borrower makes a payment.

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Reviews & Ratings

★★★★★
4.6 / 5 (based on   12,100 +google icon reviews)
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mehmoodAbu Dhabi, March 20, 2023
★★★★★
Had a great experience with policybazaar UAE!I recently Policybazaar to obtain a personal loan and was very pleased with the experience. They have a streamlined application process and provide you with the right assistance.
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Nasr Allh Mohamed ElkhateebDubai, March 19, 2023
★★★★★
Thank you Policybazaar for helping me find the best personal loan!I recently applied for a loan through Policybazaar and was very impressed with their service. They offer plans with competitive rates and ensure a quick and easy application process.
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Sm FarhadAjman, March 19, 2023
★★★★★
Kudos to the customer representative team of Policybazaar!I had a great experience with Policybazaar UAE. They have multiple products and have a very helpful and knowledgeable staff. I was able to get a loan quickly and easily and was very satisfied with the result.
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ADILDubai, March 18, 2023
★★★★★
Policybazaar made it easy for me to select the best personal loanI was confused about which personal loan I should get. Finally, I took it from ADCB via Policybazar, and the experience was great. The loan process was straightforward, and the customer support team helped me throughout the process.
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ZEESHAN AHMEDAbu Dhabi, March 18, 2023
★★★★★
Policybazaar has a wide range of personal loan products!Policybazaar is a great option for those looking for a personal loan. The application process is simple, and the customer service is friendly. The rates are also competitive. I highly recommend Policybazaar! Thank you.
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Lincolin Musili KikuviAbu Dhabi, March 17, 2023
★★★★★
Policybazaaer has the best customer support teamI was completely unaware of which personal loan to avail of. Policybazaar made it easy for me to select the most suitable one according to my requirements. The customer service was friendly and supportive.
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Hamza YaeenDubai, March 17, 2023
★★★★★
Easy processing of personal loan applicationPolicybazaar is simply the best. The loan process was smooth and the interest rates were reasonable. The customer service was friendly and helpful. Highly recommend.
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MNADER DALATIAjman, March 14, 2023
★★★★★
Got a personal loan at a competitive interest rate!I recently took out a loan from Emirates NBD through Policybazaar and it was a great experience. The loan process was easy and the interest rates were competitive. The customer service was very helpful and knowledgeable. Would definitely recommend.
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Mohamed Faizan KhanDubai, March 13, 2023
★★★★★
Policybazaar is the best for selecting a personal loan product in the UAE!I chose Policybazaar to obtain a personal loan provider in UAE The process was straightforward, and the terms were fair. The customer service was responsive and helpful throughout. Highly recommend.
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Varghese MathewDubai, March 10, 2023
★★★★★
Got the best personal loan from Mashreq bank!I recently took a personal loan from Mashreq bank via Policybazaar, and the experience was great. The loan process was easy, and the interest rates were competitive.
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