| Minimum Salary | Salary Transfer | Islamic Finance | Maximum Term | Flat Rate | Reducing Rate | |
|---|---|---|---|---|---|---|
FAB - Mortgage Loan for Residences and Investments in UAE
|
Minimum Salary: AED 15,000 | Salary Transfer: Yes | Early Settlement Fees: No | Maximum Term: 25 Years | Flat Rate: 3.99 | Reducing Rate: - |
Enjoy our fixed rate mortgages of up to five years:
|
Fixed rate period |
With a salary transfer to a FAB account* |
Without a salary transfer to a FAB account** |
|
One year |
3.99% |
5.24% |
|
Three years |
4.24% |
5.24% |
|
Five years |
4.49% |
5.24% |
Other great benefits include:
- More flexibility with our variable rates:
- One-year variable rate from 0.55% + 3 months EIBOR for the first year and 1.5% + 3 months EIBOR from the second year onwards
- Up to 85% financing for first-time buyers
- No approval-in-principle fee
- Up to AED 10,000 in FAB Rewards when you transfer your salary to a FAB account, Credit card, and Isave account*
- Exclusive deals on processing fees and discounted valuation fees on properties with major developers
Own your dream home today with a FAB Home Loan.
*The subsequent mortgage rate you’ll move to when your current deal ends is equivalent to the Mortgage Base Rate (MBR) minus 5% or 3 months EIBOR + 1.5%
for customers with a salary transfer to a FAB account, and it will not fall below a specified rate of 1.99% over an agreed period of time.
**The subsequent mortgage rate you’ll move to when your current deal ends is equivalent to the Mortgage Base Rate (MBR) minus 4.5% or 3 months EIBOR + 1.89% for non-salary transfer customers, and it will not fall below a specified rate of 1.99% over an agreed period of time.
Credit card is mandatory to secure lower 1, 3 and 5-year fixed rates for salary transfer.
