• Fixed Rate: Starting from 99% p.a., locking the rate for the full tenor.
• Variable Rate: Starting from 99% p.a. reducing balance, linked to FAB’s Personal Loan Base Rate (PBR).

Fees & Charges

• Processing Fee: 05% of loan amount (minimum AED 525; maximum AED 2 625), payable upfront.
• Early Settlement Fee: 05% of outstanding balance or AED 10 500, whichever is lower.
• Partial Prepayment Fee: 05% of prepaid amount or AED 10 500, whichever is lower.
• Life Insurance/Takaful: Monthly premium financed into EMIs; mandatory coverage applies.
• Rescheduling Fee: AED 105 per request.
• No-Liability Letter Fee: AED 52.50.
• Late Payment Charge: AED 50 per overdue installment.

Eligibility Criteria

• Age: 21–65 years (nationals), 21–60 years (expats) at maturity.
• Minimum Salary: AED 7 000 per month.
• Employment: Employed with a government, semi-government, or reputable private organization; minimum 6 months’ tenure with current employer.
• Salary Transfer: Required for preferential rates; expats must transfer salary to FAB account.
• Credit Profile: Clean credit history with no adverse records.