Buyout Loans

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.
View Summary
Salary Transfer
Required
Minimum Tenure
6 months
Maximum Tenure
48 month
Early settlement
1.00%

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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