Minimum Salary
0,00 د.إ
First Abu Dhabi Bank (FAB) provides a comprehensive auto lending suite—conventional and Islamic—featuring flat rates from 2.15%–3.44% p.a. (equivalent reducing rates 4.10%–6.43% p.a.), financing up to AED 1.5 million or 80% of vehicle value, tenures up to 60 months, transparent fees, and premium benefits including processing‐fee waivers and gold‐draw campaigns for multi‐product customers.
| Product | Rate Structure | Rate Details |
| Salaried Individuals | Flat rate | From 2.15% p.a. (equiv. reducing 4.10% p.a.) |
| Requires salary transfer + multi‐product package | ||
| From 3.19% p.a. (equiv. reducing 5.98% p.a.) | ||
| Self‐Employed Individuals | Flat rate | From 3.44% p.a. (equiv. reducing 6.43% p.a.) |
| Conventional Auto Loan | Reducing balance | 4.10%–9.00% p.a. |
| Islamic Car Finance | Murabaha fixed profit | From 2.15% p.a. (equiv. reducing 4.10% p.a.) |
| From 2.29% p.a. (equiv. reducing 4.35% p.a.) | ||
| Green Car Loan | Flat rate (electric/hybrid vehicles) | Starting at 1.99% p.a. promotional |
Schedule of Fees & Charges
| Fee Type | Charge |
| Processing Fee | Zero with multi-product package; otherwise 1% of finance amount – min AED 525, max AED 2,625 |
| Early/Partial Settlement | 1% of outstanding principal – max AED 10,500 |
| Post-dated Cheque Replacement | AED 100 per cheque |
| Late Payment Fee | AED 52.50 per missed installment |
| Instalment Deferment | One free per calendar year; AED 100 thereafter |
| Cooling-Off Period | 5 business days – full refund of processing fee |
| Vehicle Pledge Release | Free (RTA fees apply) |
| Applicant Type | Documents |
| All Applicants | Emirates ID; passport & UAE visa copy; valid UAE driving license; vehicle proforma invoice |
| Salaried | Salary certificate (≤30 days old); last 3 months’ bank statements |
| Self-Employed | Trade license; last 2 years’ audited financials; last 3 months’ business bank statements |
| Islamic Car Finance | Same as above + completed Islamic finance application |
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