Buyout Loans
Min. salary
AED 10,000
Max. Amount
AED 5,000,000
Effective rate
4.99%
With high loan amounts and attractive interest rates, you could access additional funds and reduce your monthly payments with our Buyout Loan.
Salary Transfer
Required
Minimum Tenure
6 months
Maximum Tenure
48 month
Early settlement
1.00%
Apply online now
Fill in your details and our expert advisor will contact you soon.
Features
- Competitive interest rates
- High loan amounts of up to AED 5 million for UAE nationals and 2 million for Expatriates
- Flexible repayment terms of up to 48 months (60 months for Ministry of Defense employees)
Documents Required
- Liability Letter
- Salary Transfer Letter / Salary certificate addressed to FAB
- Bank Statement (6 months)
- Copy of valid Passport / Visa / Emirates ID (Originals must also be presented)
- Application form duly filled & signed by customer
Eligibility
- Approximately 30 percent of installments of your existing loan must be paid
- The loan should be more than six months old
- There should be no record of delayed or missed payments