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FAB Home Loan Eligibility in UAE

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First Abu Dhabi Bank provides affordable home loan solutions for both ex-pats and residents of the UAE. Their home loan products are designed to suit your needs and provide you with a wide range of options with a low rate of interest. But before you apply, you need to fulfil a few FAB home loan eligibility requirements set by the bank. This article will cover everything you need to know about FAB home loan eligibility.

FAB Home Loan Eligibility Criteria

FAB Bank offers attractive and affordable home loan solutions to customers. Up to 5 different loan options are available with FAB for both UAE nationals and residents. The applicants need to fulfil certain requirements to be eligible for FAB home loans in UAE.

Here is a list of all the requirements for FAB home loan eligibility criteria including both common eligibility requirements and unique ones for each type of FAB home loan product:

Eligibility Requirements

Details

Minimum Age Requirement

21 years

Salary Requirement

AED 15,000 per month

Buy your dream home through Home Loan @ lowest Rate in uae

Residency Requirements for FAB Home Loan

Home Loan Plan

Eligibility Requirements

FAB Green Mortgage

UAE National

FAB Home Loan for Non-UAE Residents

Expatriate

FAB Home Loan for Residences in UAE

UAE National

Loans for Small Buildings

UAE National

National Housing Loan

UAE National

Why is it important to fulfil loan eligibility requirements for FAB Mortgage Loans in UAE?

The lenders set loan eligibility requirements to minimize the chances of fraudulent applications and repayment defaults. The requirements set for loan eligibility can be lenient or stringent depending on the type of loan you choose to take. since home loans in UAE come with a longer repayment tenure and very high loan amounts, eligibility criteria can be quite strict and high. FAB home loan eligibility criteria attempt to determine the borrower’s capacity to repay the loan and how well they have been handling their finances so far. 

Frequently Asked Questions

Can I apply for a FAB home loan as an expatriate?

Yes, First Abu Dhabi Bank offers FAB home loans specially tailored for ex-pat customers.

What is the minimum age needed to apply for a FAB mortgage loan in UAE?

Applicants need to be at least 21 years old in order to be eligible for a FAB mortgage loan in UAE.

What is the salary requirement for a FAB mortgage loan?

First Abu Dhabi Bank has set the salary requirement for FAB mortgage loans to AED 15,000 per month.

How to apply for a FAB home loan in UAE?

You can visit the bank’s online website or any nearby First Abu Dhabi Bank branch to apply for a home loan. Alternatively, you can visit Policybazaar.ae to browse through the available home loan products and apply for one that best suits your requirements.

Can I get approved for a home loan without fulfilling eligibility requirements?

No, the bank does not approve any home loan application which does not fulfil the eligibility requirements.

Are self-employed applicants eligible for a home loan from FAB Bank?

Yes, both self-employed and salaried applicants are eligible for FAB home loan plans.

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