Loan

Description

FAB offers a range of Shariah-compliant personal finance solutions for customers to help them grow their wealth.

Major Advantage: High finance amount, Minimum documentation, Fast-track approvals

Main Benefits

• Flexible repayment terms
• Minimum documentation
• Fast track approvals

Loan Details

• Minimum Salary Requirement: AED 10,000
• Reducing Rate (as advertised): From 4.99% p.a. (depends on profile of the customer)
• Flat Rate: From 2.64% p.a. (calculated as per 4 years calculation)
• Processing Fees: 1.05% of the finance amount (Min AED 525, Max AED 2,625)
• Maximum Finance Amount: Up to AED 5 Million for UAE Nationals and Up to AED 2 Million for Expats
• Islamic Finance: Yes
• Maximum Term: 48 Months
• Salary Transfer: Compulsory
• Early Settlement Fees: 1.05% of outstanding amount (Max AED 10,500)
• Takaful: 1.05% - 1.575% of the finance value
• Salaried/Self Employed: Only Salaried can apply