FAB Personal Loan UAE

FAB is one of the world's largest banks, and the UAE's largest, offering secure personal and business banking. With its strong network of investment and personal banking franchises, the FAB provides all the banking services under one roof. If you are looking for a loan, a FAB personal loan can be the right fit.

FAB Personal Loan Benefits

If you're looking to get a loan, understanding its benefits is essential to securing affordable funding. The key benefits of the FAB bank loan are as follows:

For UAE Nationals	For UAE Expats	Non-listed Company Loan	New to Country/New to Employment
Get a loan of up to AED 5 million Offer a grace period of 365 days Interest rate starts at 4.70% fixed per year with a salary transfer/ FAB credit card and 6.20% fixed per year without a fixed per year	Get a loan of up to AED 2 million Offers a grace period of 275 days Interest rate starts at 5.44% fixed per year with a salary transfer/ FAB credit card and 7.20% fixed per year without a fixed per year	Starts at 8.99% p.a. fixed rate for UAE nationals and 11.99% p.a. for UAE expats Offer a loan of up to AED 500,000 Have a loan tenure of 48 months	Loan amount of up to AED 600,000 Comes with a flexible repayment period Easy and minimal documentation Quick approvals Comprehensive personal life insurance

FAB Personal Loan Eligibility Criteria

When applying for a FAB bank loan, it is essential to meet the eligibility criteria. The eligibility criteria for getting a loan from the  FAB bank are as follows:

For UAE Nationals	For UAE Expats	Non-listed Company Loan	New to Country/New to Employment
Must be 21 years or older Requires a monthly salary of AED 7,000 An individual must be a government, semi-government, or reputable private organisation Have a minimum of 6 months in service, or the employer must confirm your employment	Must be 21 or older. Need a monthly compensation of AED 7,000. Individuals must be from the government, semi-government, or respectable private organisations Have at least 6 months of service, or the employer must validate your employment.	Have a minimum salary of AED 10,000 Have an acceptable credit score Must be 21 years and older Have a work experience of least 6 months with the current employer.	Requires a minimum salary of AED 10,000.

Document Checklist For A FAB Personal Loan

To apply for a loan, you must submit the necessary documents to the bank. The documents required as per the FAB bank loan requirements are as follows:

• Emirates ID
• UAE Residence Visa
• Passport
• Latest 3 Months’ Bank Statement
• Letter/ Clearance Letter (applicable to buyout loans)
• Duly Filled Application
• Liability 
• Salary Certificate/ Salary Transfer Letter

FAB Personal Loan Interest Rates

Interest rates for a FAB personal loan vary based on nationality, loan type, and repayment terms. Key rates include:

• UAE Nationals: 4.70% – 12.75% per annum (depending on salary transfer and loan type)
• UAE Expats: 5.44% – 11.99% per annum

Tip: The lowest rates are usually offered to those with a salary transfer to FAB or existing FAB credit products.

FAB Bank Personal Loan Customer Care

If you are having an issue with the loan process and want more details about the personal loan, you can reach out to customer care. The customer care details are as follows:

Within the UAE: 600 52 5500

Outside the UAE: +971 2 681 1511

Tips to Improve Your FAB Loan Approval Chances

Follow these simple and practical tips to make your loan application stronger.

1. Maintain a good credit Score: Timely repayment of debts increases approval chances.
2. Provide complete documentation: Submit all required forms, ID, salary proofs, and bank statements.
3. Salary transfer to FAB: Helps reduce interest rates and speeds up approval.
4. Stable employment: At least 6 months with current employer or more is preferred.
5. Avoid multiple concurrent loans: Banks prefer applicants with lower debt-to-income ratios.

Conclusion

The FAB personal loan is a good borrowing option for individuals looking for quick approvals, flexible repayment terms, and competitive interest rates. With simple eligibility criteria and quick access to funds, you can manage your personal needs, such as travel, weddings, debt consolidation, or more, with ease. 

Its transparent charges and customer-friendly nature make it one of the trusted choices in the UAE. But before taking any loan, ensure you compare the interest rate, repayment period, fees, and charges with other lenders to get affordable financing.

Frequently Asked Questions (FAQs)