First Abu Dhabi Bank Islamic Personal Finance

Minimum Salary
10.000,00 د.إ

Flat Rate
AED 2.64%

Reducing Rate
4.99 %

Maximum Term
4 Years

Monthly Payment
AED 1,887

Description

FAB offers a range of Shariah-compliant personal finance solutions for customers to help them grow their wealth.

Major Advantage: High finance amount, Minimum documentation, Fast-track approvals

Major Benefits:

Minimum Salary Requirement: AED 10,000

Reducing Rate (as advertised): From 4.99% p.a. (depends on profile of the customer)

Flat Rate: From 2.64% p.a. (calculated as per 4 years calculation)

Processing Fees: 1.05% of the finance amount (Min AED 525, Max AED 2,625)

Maximum Finance Amount: Up to AED 5 Million for UAE Nationals and Up to AED 2 Million for Expats

Islamic Finance: Yes

Maximum Term: 48 Months

Salary Transfer: Compulsory

Early Settlement Fees: 1.05% of outstanding amount (Max AED 10,500)

Takaful: 1.05% – 1.575% of the finance value

Salaried/Self Employed: Only Salaried can apply

This offer may be withdrawn or amended at any time at the bank’s discretion. 2.64% is a flat profit rate equivalent to reducing rate of 4.99% per year. Limited period offer.
All finances are subject to income and eligibility criteria.
Eligibility criteria are subject to change from time-to-time.
Terms and conditions apply.