First Abu Dhabi Bank (FAB) Home Loans

Minimum Salary
0,00 د.إ

Description

FAB’s conventional and Islamic home financing offers competitive fixed rates from 3.94% p.a. (with salary transfer) or 4.59% (without), variable rates starting at 0.55% + 3-month EIBOR, loan amounts up to AED 20 million, tenors up to 25 years, a flat 1.00% processing fee (capped AED 25,000 for first-time buyers), flexible prepayment, and rich customer benefits including cashback, fee waivers, and luxury rewards.

Features

Eligibility Criteria

Applicants must be UAE Nationals or expatriates, aged 21–65 (on maturity), with:

Minimum Income: AED 15,000/month (salaried) or AED 3 million annual turnover (self-employed).
Employment Tenure: ≥ 6 months in current role (salaried); ≥ 3 years in business (self-employed).
Residency: UAE residence visa; salary transfer optional (discounts apply).
Credit Profile: Clean UAE credit bureau record.

Loan Amount, Tenor & LTV

Amount: AED 250,000–20,000,000 (case-by-case up to AED 30 million).
Tenor: 12–300 months (up to 25 years).
LTV:
– First-time Buyers: up to 85% (nationals) / 80% (expats).
– Subsequent Buyers & Investors: up to 75% / 70%.
– Under-Construction: 75% / 70%.

Interest Rate & Profit Structures

Fixed-Rate Mortgages (up to 5 years):
– 1 & 2 years: 3.94% (salary transfer) / 4.59% (no transfer)
– 3 years: 4.09% / 4.59%
– 5 years: 4.19% / 4.59%
Variable-Rate Mortgages:
– Year 1: 0.55% + 3-month EIBOR (reducing balance)
– Year 2 Onwards: 1.50% + 3-month EIBOR
Islamic Home Finance (Ijarah): Mirrors conventional pricing with Sharia’h compliance.

Detailed Schedule of Fees

Fee Type	Charge
Processing Fee	1.00% of loan amount (min none; capped AED 25,000 for first-time buyers; waived for salary-transfer customers)
Approval-in-Principle Fee	Nil
Valuation Fee	AED 2,500 (discounts available for partner-developer properties)
Early Settlement / Foreclosure	Nil if sale-driven; otherwise 1% of outstanding (cap AED 10,000)
Partial Prepayment	Up to 25% of outstanding per annum free; thereafter 1% of prepaid (cap AED 10,000)
Late Payment Penalty	AED 420 per missed installment
Account Statement & NOC	AED 150 per document
Loan Rescheduling / Cancellation	AED 250 / AED 150
Cooling-Off Period	5 working days free cancellation
Other Legal & Enforcement Costs	Actual solicitor-and-client charges

Documents Required

Copy of passport, Emirates ID, UAE residence visa (expats)
Salary certificate or audited financials & trade license (self-employed)
Last 6 months’ bank statements; liability letters
Sales & Purchase Agreement; title deed/Oqood; valuation report
Evidence of life and property insurance (or Takaful proposals)

Additional Info

Salary Transfer Discounts: Preferential fixed rates and fee waivers for FAB account holders.
Cashback & Rewards: Up to AED 12,500 cashback and entry into gold draws for first-time buyers.
Green Mortgage Option: Reduced rates for certified sustainable properties.
Grace Periods: Up to 90 days before first installment for new and buyout mortgages.
High Loan Amounts & Long Tenors: Up to AED 20 million over 25 years to suit all buyer profiles.
Flexible Repayment: Generous free prepayment allowance and no-penalty sale-driven settlement.
Digital & Advisory Support: End-to-end online application, mobile-app management, and dedicated mortgage advisers.