Introduction
Are you looking for the best personal loan in UAE?
First Abu Dhabi Bank (FAB) offers a wide range of personal loans for UAE Nationals and Expats, with attractive interest rates, high loan amounts, and flexible repayment terms. Whether you are planning a wedding, home renovation, travel, or managing big expenses, FAB has a solution for you.
FAB Personal Loan Comparison 2025
| Feature | FAB Personal Loan (General) | Non-listed Company Loan | New to Country / Employment Loan | Landlord Loan |
|---|---|---|---|---|
| Loan Amount | Up to AED 5 Million | Up to AED 500,000 | Up to AED 600,000 | Up to AED 2 Million |
| Interest Rate | From 4.70% fixed/year | 8.99% (UAE Nationals)11.99% (Expats) fixed/year | From 12.75% fixed/year | Base Rate + 2% (No Mortgage)Base Rate + 3% (Other Mortgage) |
| Tenure | Up to 48 months(60 months for MoD staff) | Up to 48 months(60 months for MoD staff) | Up to 48 months | Up to 48 months |
| Minimum Salary | AED 7,000 | AED 10,000 | AED 10,000 | AED 7,000 (UAE Nationals with Salary Transfer) |
| Grace Period | UAE Nationals: 7 monthsExpats: 4 months | Not specified | Not specified | Not specified |
| Processing Fees | 1.05% (AED 525–2,625) | Same | Same | Same |
| Life Insurance | From 0.0169%/month (on outstanding loan balance) | Same | Same | Same |
| Eligibility | – 21+ years old- FAB-approved employer- Min 6 months in job | – 21+ years- Credit score required- Min 6 months in job | – UAE residency proof- Min salary AED 10,000 | – UAE Nationals only- Salary transfer to FAB- Rental income assignment |
| Required Documents | – Passport + Emirates ID + Visa- Salary certificate- 3 months bank statement- Liability/clearance letter (if buyout)- Completed application | Same | Same | Same |
| Example EMI | AED 250K @3.99% for 48 months → AED 5,681.46 EMI | AED 100K @8.99% for 30 months → AED 3,734 EMI | AED 70K @12.75% for 30 months → AED 2,479 EMI | AED 70K @4.99% for 30 months → AED 2,487 EMI |
| Best For | Best low-rate loan with gold rewards | Employees of non-listed companies | Newcomers to UAE or new jobs | Borrowers with rental properties |
Why Choose FAB Personal Loans?
✅ High Loan Amounts: Borrow up to AED 5 Million (UAE Nationals) and AED 2 Million (Expats).
✅ Low Interest Rates: Starting from just 4.70% fixed/year.
✅ Flexible Tenure: Pay back in 6 to 60 months based on eligibility.
✅ Exclusive Grace Periods: Enjoy up to 7 months (UAE Nationals).
✅ Gold Rewards: Get a chance to win up to 1.5 KG of Gold.
✅ Quick Approval: Hassle-free process with minimal documentation.
✅ Special Options: Loans available for Expats, Non-listed Employees, Newcomers, and Landlords.
Required Documents for FAB Loan Application
- 📄 Valid Passport, Emirates ID, and Visa Copy
- 🏦 Salary Transfer Letter or Certificate addressed to FAB
- 📑 Last 3 Months Bank Statements (if salary not credited to FAB account)
- 📝 Completed Loan Application Form
- 🧾 Liability or Clearance Letter (in case of buyout loans)
Important Things to Know
- 🚨 Early Settlement Fee: Penalties may apply if you close the loan early.
- 📉 Credit Score Impact: Late or missed payments will affect your credit rating.
- 🔁 Refinancing: May increase your repayment period and total interest.
- 📌 Life Insurance: Premium starts from 0.0169% per month on outstanding balance.
- 💳 Processing Fee: Fixed 1.05% of the loan amount (AED 525 – AED 2,625).
FAB Personal Loan – Best Option for Every Need
Whether you are a UAE National, Expat, New Resident, or Property Owner, FAB has a customized loan for you.
With competitive interest rates, high loan amounts, and a simple application process, FAB makes it easy to finance your goals.
