Minimum Salary Salary Transfer Islamic Finance Maximum Term Flat Rate Reducing Rate
FAB - Personal Loan offer for UAE Nationals FAB - Personal Loan offer for UAE Nationals Minimum Salary: AED 7,000 Salary Transfer: Yes Islamic Finance: Yes Maximum Term: 4 Years Flat Rate: 1.82% Reducing Rate: 3.49%
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  • Personal loans with rates from 5.49% for Non salary transfer customers
  • Whether it’s for a new home, travels aboard or a wedding, our personal loans for UAE nationals are designed to meet the needs of all Emiratis.

  • Personal loans up to AED 5 million for UAE nationals with flexible repayment terms of up to 48 months (or up to 60 months for employees of the Ministry of Defense)
  • Up to 150 day grace period until first repayment
  • Competitive interest rates
  • Minimum documentation
  • Fast track approvals
  • Comprehensive personal life insurance coverage

Documents Required
  • Copy of a valid passport/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)
  • Application completed and signed by the customer
  • Minimum monthly income of AED 7,000
  • Salaried individuals employed in the UAE
  • Applicant should be 21 years of age or above
** Calculator Definitions
Amount: The total amount of money borrowed, also referred to as the principal amount.
Rate (%): This is the annual interest flat rate on the product. This is not the 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