Personal Loan for UAE Nationals with Comprehensive life Insurance coverage - Checkout the personal loan with comprehensive life insurance coverage for UAE Nationals. And also know the features & benefits, eligibility and more.
Get personal loan at Lowest Interest Rate
A personal loan is one financing solution that offers instant financial support for your requirements with minimal eligibility criteria and documentation. Several banks in the UAE provide personal loans, with the First Abu Dhabi Bank (FAB) being among the top providers for the same. FAB is a popular choice for borrowers in the UAE, with the bank offering a high loan amount of up to AED 5 million.
However, when discussing personal loans, the first thing that comes to mind is the monthly instalments that one would need to pay for the selected personal loan. For this, the bank has made available the FAB personal loan calculator on its website to make the entire process easy.
The FAB personal loan calculator is a digital tool that computes the monthly instalments of the loan based on your input. This tool is of key importance here, as the monthly instalments for your loan are impacted by several factors like loan interest rate, the loan repayment period, and the loan or finance amount.
If you fail to plan your finances appropriately, you may need to compromise your lifestyle, which can turn the loan into a burden. However, with the help of the FAB personal loan calculator, you can tweak the values for the components until you get the monthly payment that fits your budget appropriately.
Listed below are the key benefits of the FAB personal loan calculator –
(From AED 10,000 to AED 10,000,000)
Reducing Rate (1% - 50%)
(Minimum 1 and Maximum 240 months)
Total Payable (Principal+Interest)
FAB personal loan calculator is highly efficient and easy to use. The digital tool flashes the results related to monthly instalments for your loan within seconds when you put in details like the finance amount, the loan repayment period, and the interest rate.
FAB personal loan calculator is noted for its accuracy and quick and error-free results. Moreover, it has a user-friendly interface and is accessible on any digital device. This is a free tool – you can use it as much as you want till you find a cost-effective solution with respect to your personal loan in UAE.
Given below are the steps to be followed to use the FAB personal loan calculator-
Once you provide the mentioned details, the monthly instalment amount and the total repayable amount for your loan will be displayed on your screen. Notably, you will also have the option to view the loan amortisation schedule. Simply put, a personal loan amortisation schedule is a tabular representation of the break-up of the loan between two components of monthly instalments - the principal component and the interest component.
This schedule contains the following information -
The factors chiefly determining the monthly instalments of the personal loan are discussed below:
You can also use the Policybazaar UAE personal loan calculator to plan the repayment of your personal loan by calculating the monthly payments for different parameters. With the Policybazaar UAE personal loan calculator, calculating monthly instalments is quick and hassle-free. You will simply need to visit policybazaar.ae, head to the 'Personal Loans in UAE' section, and use the calculator given on the page.
Using the FAB personal loan calculator is always recommended if you wish to take control of your finances before opting for a personal loan in UAE. The FAB personal loan calculator helps users find out the monthly instalments applicable for different loan amounts, interest rates, and more – all with just a few clicks and without needing any tedious calculations from the user! By getting a fair estimate of the monthly instalments, borrowers can make informed decisions and apply for the best personal loan for their requirements.
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