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FAB Islamic Personal Finance

FAB Islamic Personal Finance

First Abu Dhabi Bank (FAB)

SALARY TRANSFER

Yes

FLAT RATE

2.49%

MONTHLY SALARY

AED 7,000

REDUCING RATE

4.74%

  • High finance amounts - up to AED 5 million
  • 2.49% (equivalent to a reducing rate of 4.74%) p.a
  • Flexible payment period up to 48 months
  • 365 day grace period for first payment

Salary Transfer Required?

Yes

Minimum Monthly Salary

AED 7,000

Fixed Rate

2.49%

Reducing Rate

4.74%

Max Loan Amount

5,000,000

Key Features

  • UAE Nationals:
    • 2.49%* (equivalent to a reducing rate of 5.74%*) 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:
    • 2.82%* (equivalent to a reducing rate of 5.34%*) 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
    • Flexible repayment terms of up to 48 months to repay through your FAB account
FAB Buyout Loans

FAB Buyout Loans

First Abu Dhabi Bank (FAB)

SALARY TRANSFER

Yes

FIXED RATE

4.08%

MONTHLY SALARY

AED 5,000

REDUCING RATE

7.40%

  • Competitive interest rates
  • High loan amounts

Salary Transfer Required?

Yes

Minimum Monthly Salary

AED 5,000

Fixed Rate

4.08%

Reducing Rate

7.40%

Max Loan Amount

5,000,000

Key Features

  • Competitive interest rates starting from as low as 7.40% p.a.
  • High loan amounts of up to AED 5 million for UAE nationals
  • Flexible repayment terms of up to 48 months (60 months for Ministry of Defense employees)
FAB Landlord Loans

FAB Landlord Loans

First Abu Dhabi Bank (FAB)

SALARY TRANSFER

Yes

FIXED RATE

5.10%

MONTHLY SALARY

AED 5,000

REDUCING RATE

9.25%

  • Competitive Interest Rates

Salary Transfer Required?

Yes

Minimum Monthly Salary

AED 5,000

Fixed Rate

5.10%

Reducing Rate

9.25%

Max Loan Amount

2,000,000

Key Features

  • Variable interest rate starting from 9.25% p.a.
  • Generous loan amounts of up to AED 2 million
  • Flexible repayment terms of up to 48 months
  • Repayment from rental income received on properties managed by select banks

Things To Be Aware Of

  • Repayment from rental income managed by select banks