| Minimum Salary | Salary Transfer | Islamic Finance | Maximum Term | Flat Rate | Reducing Rate | |
|---|---|---|---|---|---|---|
FAB - Islamic Home Finance
|
Minimum Salary: AED 15,000 | Salary Transfer: Yes | Early Settlement Fees: Yes | Maximum Term: 25 Years | Flat Rate: 3.99 | Reducing Rate: - |
Own your own home with FAB’s range of mortgage options and rates starting from 3.99%.
Your new beginnings are here with exclusive options on a FAB Home Loan.
Enjoy a range of great rates on a FAB Mortgage with fixed and variable rate options, low down payments, high mortgage amounts and low fees. Our mortgage advisers will be with you every step of the way to advise on the best mortgage for you and you’ll get great benefits, including your choice of FAB credit card.
KEY FEATURES
Islamic Home Finance benefits
include:
- Profit rates starting from 3-month EIBOR + 0.55%* for the first year then 3-month EIBOR + 1.50%* per year from the second year onwards
- Fixed profit rate options for up to 5 years
- Up to 85% financing for first-time buyers
- No approval-in-principle fee
** Calculator Definitions
Amount:
The total amount of money borrowed, also referred to as the principal amount.
Rate (%):
This is the annual interest rate on the product which is equivalent to APR, which is going to be calculated in this example.
Years:
This is the original term or length of the product, stated in years.
Effective Monthly Payment:
This is the effective monthly payment, which takes into consideration fees and other costs associated with this product. The effective monthly payment is the basis for the APR calculation.
Calculated Annual Percentage Rate (%):
The Calculated Annual Percentage Rate (APR) is determined using the annual interest rate of the product plus fees and other costs. This rate may differ from bank to bank. APR is useful when comparing two or more products with different interest rates and fee structures.
Representative Example Calculator
