Personal Loan For Expats
Min. salary
AED 7,000
Max. Amount
AED 2,000,000
Effective rate
3.99%
Personal loans with rates as low as 3.99% variable or 4.99% fixed per year.
Salary Transfer
Required
Minimum Tenure
6 months
Maximum Tenure
48 month
Early settlement
1.00%
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Features
- 90 day grace period until first repayment
- Most competitive rate in the market
- Loans of up to AED 2 million
- Flexible repayment terms
- Minimum documentation
- Fast-track approvals
- Comprehensive personal life insurance coverage
Documents Required
- Copy of valid Passport / Visa / Emirates ID (Originals must also be presented)
- 3 month bank statements showing salary credit (if salary not credited to FAB)
- Salary Transfer Letter / Salary certificate addressed to FAB
- Liability Letter or clearance letter (in case of Buyout Loans)
- Application form duly filled & signed by customer
Eligibility
- Employed at a government, semi -government or a reputable private organization
- Applicant must be 21 years of age or above
- The applicant must hold a valid passport copy and UAE residence visa
- Minimum salary AED 7,000