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FAB Islamic Personal Finance

FAB Islamic Personal Finance

First Abu Dhabi Bank (FAB)

SALARY TRANSFER

Yes

FLAT RATE

2.47%

MONTHLY SALARY

AED 7,000

REDUCING RATE

4.70%

  • High finance amounts - up to AED 5 million
  • 2.47% (equivalent to a reducing rate of 4.70%) p.a
  • Flexible payment period up to 48 months
  • 210 day grace period for first payment

Salary Transfer Required?

Yes

Minimum Monthly Salary

AED 7,000

Fixed Rate

2.47%

Reducing Rate

4.70%

Max Loan Amount

5,000,000

Key Features

  • UAE Nationals :
    • 2.47%* (equivalent to a reducing rate of 4.70%*) per year- With Multi Product Package (with a salary transfer to a FAB Islamic savings account and Islamic credit card)
    • 3.29%* (equivalent to a reducing rate of 6.2%*) per year - With a salary transfer to a FAB Islamic savings account without an Islamic credit card
    • Loan amount upto AED 5 Million
    • 210 days grace period
  • Expats :
    • 2.87%* (equivalent to a reducing rate of 5.44%*) per year- With Multi Product Package (with a salary transfer to a FAB Islamic savings account and Islamic credit card)
    • 3.85%* (equivalent to a reducing rate of 7.2%*) per year - With a salary transfer to a FAB Islamic savings account without an Islamic credit card
    • Loan amount upto AED 2 Million
    • 120 days grace period
    • Comprehensive personal life Takaful coverage

      *This offer may be withdrawn or amended at any time at the bank’s discretion.
FAB Personal Loan For UAE Nationals

FAB Personal Loan For UAE Nationals

First Abu Dhabi Bank (FAB)

SALARY TRANSFER

Yes

FIXED RATE

4.70%

MONTHLY SALARY

AED 7,000

Variable Rate

6.20%

  • Attractive loan amounts up to AED 5,000,000
  • Interest rates starts from 4.70% fixed rate per year
  • Up to 210 days grace period before first installment
  • Comprehensive Life Insurance coverage

Salary Transfer Required?

Yes

Minimum Monthly Salary

AED 7,000

Fixed Rate

4.70%

Reducing Rate

6.20%

Max Loan Amount

5,000,000

Key Features

      • Get high loan amounts of up to AED 5,000,000 with flexible payment terms of up to 48 months
      • A salary transfer to a FAB account is required
      • Benefit from comprehensive life insurance coverage
      • Enjoy best-in-class rates starting from
        • 4.70% Fixed rate per yea r- With multi product package (with a salary transfer to your FAB account and holding a credit card from FAB)
        • 6.20% Variable rate per year - With a salary transfer to your FAB account without holding a FAB credit card
FAB Personal Loans for Expats

FAB Personal Loans for Expats

First Abu Dhabi Bank (FAB)

SALARY TRANSFER

No

FIXED RATE

5.44 %

MONTHLY SALARY

AED 7,000

Variable Rate

7.20%

  • Attractive loan amounts up to AED 2000,000
  • Interest rates starts from 5.44% fixed rate per year
  • 120 days grace period
  • Comprehensive Life Insurance coverage

Salary Transfer Required?

No

Minimum Monthly Salary

AED 7,000

Fixed Rate

5.44 %

Reducing Rate

7.20%

Max Loan Amount

2,000,000

Key Features

  • Get high loan amounts of up to AED 2,000,000 with flexible payment terms of up to 48 months
  • Enjoy best-in-class rates starting from
    • 5.44% Fixed per year -With multi product package (with a salary transfer to your fab account and holding a credit card from FAB)
    • 7.20% Variable per year - With a salary transfer to your FAB account without holding a credit card from FAB
  • A salary transfer to a FAB account is required
  • Benefit from comprehensive life insurance coverage

Things To Be Aware Of

  • Minimum monthly income of AED 10,000 is required
Islamic Personal Finance for Expats

Islamic Personal Finance for Expats

First Abu Dhabi Bank (FAB)

SALARY TRANSFER

Yes

FIXED RATE

2.87

MONTHLY SALARY

AED 7,000

REDUCING RATE

5.44

  • Attractive loan amounts up to 2,000,000
  • Cashback on salary transfers, credit cards, finances etc.
  • 120 days grace period before 1st repayment

Salary Transfer Required?

Yes

Minimum Monthly Salary

AED 7,000

Fixed Rate

2.87

Reducing Rate

5.44

Max Loan Amount

2,000,000

Key Features

  • With Multi Product Pacakage (salary transfer to a FAB savings Islamic savings account and Islamic credit card) :
       - Low profit rates starting from 2.87%* (equivalent to a reducing rate of 5.44%*)
  • With a salary transfer to a FAB Islamic savings account without an Islamic credit card :
    - Low profit rates starting from 2.87%* (equivalent to a reducing rate of 7.20%*)
  • Maximum loan amount up to AED 5,000,000 for UAE Nationals, and AED 2,000,000
  • Enjoy cashback on salary transfers, credit cards, finances and more
  • 120 days grace period before 1st repayment

*This offer may be withdrawn or amended at any time at the bank’s discretion.

Non-listed Company Personal Finance for Expats

Non-listed Company Personal Finance for Expats

First Abu Dhabi Bank (FAB)

SALARY TRANSFER

Yes

FIXED RATE

6.60 %

MONTHLY SALARY

AED 10,000

REDUCING RATE

11.99 %

  • Loans up to AED 500,000
  • Low interest rate from 6.60% per year for expats
  • Employer does not have to be a FAB listed company

Salary Transfer Required?

Yes

Minimum Monthly Salary

AED 10,000

Fixed Rate

6.60 %

Reducing Rate

11.99 %

Max Loan Amount

500,000

Key Features

  • High finance amounts of up to AED 500,000 with flexible payment terms of up to 48 months
  • Best-in-class profit rates starting from 6.60% per year (equivalent to a reducing balance rate of 11.99%* per year)
  • Personal finance is available even if your employer is not on FAB Islamic’s Approved List of Employers

    *All profit rates quoted are effective rates on the finance’s outstanding balance.

Non-listed Company Personal Finance for UAE Nationals

Non-listed Company Personal Finance for UAE Nationals

First Abu Dhabi Bank (FAB)

SALARY TRANSFER

Yes

FIXED RATE

4.86 %

MONTHLY SALARY

AED 10,000

REDUCING RATE

8.99 %

  • Loans up to AED 500,000
  • Low interest rate from 4.86% per year
  • Employer does not have to be a FAB listed company

Salary Transfer Required?

Yes

Minimum Monthly Salary

AED 10,000

Fixed Rate

4.86 %

Reducing Rate

8.99 %

Max Loan Amount

500,000

Key Features

  • High finance amounts of up to AED 500,000 with flexible payment terms of up to 48 months
  • Best-in-class profit rates starting from 4.86% per year (equivalent to a reducing balance rate of 8.99%* per year)
  • Personal finance is available even if your employer is not on FAB Islamic’s Approved List of Employers

*All profit rates quoted are effective rates on the finance’s outstanding balance.

Things To Be Aware Of

  • Minimum monthly income of AED 10,000 is required
Non-listed Company Personal Loan for Expats

Non-listed Company Personal Loan for Expats

First Abu Dhabi Bank (FAB)

SALARY TRANSFER

Yes

FIXED RATE

6.60 %

MONTHLY SALARY

AED 10,000

REDUCING RATE

11.99 %

  • Attractive interest rate of 11.99% fixed per year
  • Employer does not have to be a FAB listed company
  • Loan amounts of up to AED 500,000

Salary Transfer Required?

Yes

Minimum Monthly Salary

AED 10,000

Fixed Rate

6.60 %

Reducing Rate

11.99 %

Max Loan Amount

500,000

Key Features

  • Low interest rate of 6.60% fixed per year
  • Maximum loan amount of up to AED 500,000
  • Up to 48 months repayment period 

Things To Be Aware Of

  • Minimum monthly income of AED 10,000 is required
Non-listed Company Personal Loan for UAE Nationals

Non-listed Company Personal Loan for UAE Nationals

First Abu Dhabi Bank (FAB)

SALARY TRANSFER

Yes

FIXED RATE

4.86 %

MONTHLY SALARY

AED 10,000

REDUCING RATE

8.99 %

  • Attractive interest rate of 8.99% fixed per year
  • Employer does not have to be a FAB listed company
  • Up to 60 months repayment for MOD employees
  • Loan amounts of up to AED 500,000

Salary Transfer Required?

Yes

Minimum Monthly Salary

AED 10,000

Fixed Rate

4.86 %

Reducing Rate

8.99 %

Max Loan Amount

500,000

Key Features

  • Low interest rate of 4.86% fixed per year”
  • Maximum loan amount of up to AED 500,000
  • Up to 48 months repayment period (up to 60 months for Ministry of Defence employees)

Things To Be Aware Of

  • Minimum monthly income of AED 10,000 is required
Popular Loans from First Abu Dhabi Bank (FAB) Sum of Minimum Salary Sum of Fixed Rate Sum of Reducing Rate
FAB Islamic Personal Finance AED 7000 2.47% 4.70%
FAB Personal Loan For UAE Nationals AED 7000 4.70% 6.20%
FAB Personal Loans for Expats AED 7000 5.44 % 7.20%
Islamic Personal Finance for Expats AED 7000 2.87 5.44
Non-listed Company Personal Finance for Expats AED 10000 6.60 % 11.99 %
Non-listed Company Personal Finance for UAE Nationals AED 10000 4.86 % 8.99 %
Non-listed Company Personal Loan for Expats AED 10000 6.60 % 11.99 %
Non-listed Company Personal Loan for UAE Nationals AED 10000 4.86 % 8.99 %