Minimum Salary Salary Transfer Islamic Finance Maximum Term Flat Rate Reducing Rate
FAB - Personal Loan for Expats FAB - Personal Loan for Expats Minimum Salary: AED 7,000 Salary Transfer: Yes Islamic Finance: Yes Maximum Term: 4 Years Flat Rate: 2.09% Reducing Rate: 3.99%
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Personal loans with competitive rates and flexible features.

Features - Enjoy great rates & flexibility

  • Loans up to AED 2 million
  • Up to 90 day grace period before first repayment
  • Highly competitive rates
  • Variable rate pricing options also available
  • Hassle-free documentation
  • Fast & easy approvals
  • Comprehensive life insurance coverage

Eligibility - Here's how you qualify

  • Employed with a governmental, semi-governmental or legitimate private organisation
  • Applicants must be 21+ years old
  • A minimum monthly salary of AED 7,000

Required Documents - This is what we'll need

  • Copy of a valid passport/resident visa/Emirates ID(Originals must also be presented)
  • Bank statements for the last three months showing salary credits (if salary is not credited to a FAB account)
  • Salary transfer letter/salary certificate addressed to FAB
  • Liability letter or a clearance letter (in case of buyout loans)
  • Signed and completed application

*Terms and conditions apply.

*All interest rates quoted are effective rates on loan outstanding balance

*Flat rate for illustration purposes, equivalent interest rate applied on reducing balance of the loan is 3.99%



*Rates shown are minimum available and may vary depending on income, credit bureau score, and lender’s approval criteria.

** 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
CBD Absher Personal Finance
Minimum Salary
AED 8000
Flat Rate
2.45%