First Abu Dhabi Bank Personal Loan for Expats

Minimum Salary
7.000,00 د.إ

Flat Rate
AED 2.64%

Reducing Rate
4.99 %

Maximum Term
4 Years

Monthly Payment
AED 1,887

Description

Be it a dream wedding, buying a home or achieving another life goal, with attractive interest rates and high loan amounts, meeting your personal financial requirements could not be easier.

Major Advantage: High finance amount

Features

Major Benefit:

Flexible repayment terms
Minimum documentation
Fast track approvals

Minimum Salary Requirement: AED 7,000

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

Flat Rate: From 2.64% fixed per year (calculated as per 4 years calculation)

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

Maximum Finance Amount: AED 2,000,000

Islamic Finance: No

Maximum Term: 48 Months

Salary Transfer: Compulsory

Early Settlement Fees: 1.05% of outstanding amount

Insurance: 1% of the finance amount

Salaried/Self Employed: Only Salaried can apply

Documents Required

Salary transfer certificate in favor of FAB Bank.
Last 6 months salary bank statements.
Valid Passport, Visa and Emirates ID copy.
Proof of current liabilities as required by Bank.

Additional Info

All info mentioned can change at any point of time as per the discretion of the bank. The Bank will determine eligibility. All info above is subject to change.
Reducing rate is converted into Flat rate as per 4 years calculation.
Terms and conditions apply.