A FAB Bank personal loan provides eligible UAE nationals and expatriates with financing for planned or urgent personal expenses. Current advertised rates start from 4.79% fixed per year, while the approved rate depends on salary, employer, credit history, loan amount and affordability.

FAB currently advertises loans of up to AED 5 million for UAE nationals and AED 2 million for expatriates under its main personal loan programme.

FAB Personal Loan Key Features

Rates, limits and approval conditions can change. The final offer shown in the loan agreement takes priority over an advertised example.

Who Can Apply for a FAB Personal Loan?

Applicants generally need to meet the following requirements:

• Be at least 21 years old
• Earn a minimum salary of AED 7,000
• Work for a government, semi-government or accepted private employer
• Complete at least six months with the current employer or pass probation
• Meet FAB’s credit and affordability checks
• Provide valid UAE identification and income documents

Meeting the minimum criteria does not guarantee approval. FAB reviews existing debts, credit card limits, payment behaviour and employer profile before issuing an offer.

Documents Required

Prepare the following:

• Valid passport
• UAE residence visa for expatriates
• Emirates ID
• Completed loan application
• Salary certificate addressed to FAB
• Salary transfer letter where required
• Three months of bank statements if salary is paid to another bank
• Liability or clearance letter for a loan buyout
• Additional employer or income documents requested by FAB

Clear, current documents reduce delays during verification.

How to Apply for a FAB Personal Loan

Apply Through FAB Mobile

Existing customers may see a pre-approved or eligible loan option in FAB Mobile.

1. Sign in to FAB Mobile.

2. Open the loans section.

3. Check the available personal loan offer.

4. Enter the required amount and repayment period.

5. Review the estimated instalment.

6. Upload or confirm the requested information.

7. Read the Key Facts Statement and agreement.

8. Submit the application.

Apply Online

Complete the personal loan request form and provide your contact, salary and employment details. A bank representative may contact you to complete verification.

Apply at a Branch

Visit a FAB branch with the required documents. This method is useful for buyout loans, complex income arrangements or applicants who need help understanding the agreement.

FAB Personal Loan Interest Rates Explained

A fixed rate is calculated differently from a reducing balance rate. Comparing only the advertised percentage can therefore be misleading.

Ask for:

• Fixed annual rate
• Reducing or effective annual rate
• Total interest payable
• Monthly instalment
• Total repayment amount
• Processing fee
• Insurance cost
• Early settlement fee
• Late payment charges

FAB states that the applicable rate depends on income, employment, credit score, loan type and affordability.

FAB Personal Loan Processing Fee

The advertised one-time processing fee is 1.05% of the approved loan amount, with a minimum of AED 525 and maximum of AED 2,625.

Life insurance or other costs may also apply. Read the service and price guide and confirm whether VAT is included in each quoted fee.

How Much Can You Borrow?

The maximum advertised limit is not the amount every applicant receives.

The approved loan depends on:

• Monthly salary
• Existing loan instalments
• Credit card limits
• Employer category
• Age at final repayment
• Credit score
• Requested tenure
• Salary transfer arrangement
• UAE Central Bank affordability requirements

A lower loan amount or longer tenure may reduce the monthly instalment, but a longer period normally increases total interest.

FAB Personal Loan EMI Example

Suppose you borrow AED 100,000 for 48 months. The instalment will depend on the effective rate and fees offered to you.

Before accepting, compare:

Use the bank’s calculator only as an estimate. The final repayment schedule is confirmed after approval.

Salary Transfer and Non-Salary Transfer Loans

Salary transfer applicants may receive different rates, limits or eligibility than customers whose salary remains with another bank.

FAB may request three months of statements when salary is not credited to a FAB account. Some applicants can also qualify through specialised products, including non-listed company or buyout loans.

FAB Loan Buyout

A buyout loan is used to settle eligible liabilities held with another UAE bank.

You may need:

• A liability letter
• Current outstanding balance
• Existing loan settlement instructions
• Salary transfer documents
• Clearance confirmation after settlement

A buyout can simplify repayments, but refinancing may extend the debt period and increase total interest. Compare the full cost before refinancing.

Reasons a FAB Personal Loan May Be Rejected

• Low or irregular salary
• Employer not accepted
• High debt burden
• Missed payments in the credit report
• Short employment period
• Expired Emirates ID or visa
• Inconsistent information
• Too many recent credit applications
• Existing liabilities exceeding affordability limits

Avoid applying repeatedly to several banks within a short period. Multiple credit checks may affect how lenders assess the application.

Important Borrowing Warnings

Late or missed instalments can result in penalties and damage the borrower’s credit record. This may make future loans, credit cards or other financing more difficult to obtain.

Borrow only an amount that remains affordable after rent, utilities, family expenses, insurance and emergency savings.

FAQ

What is the minimum salary for a FAB Bank personal loan?

The main FAB Bank personal loan currently lists a minimum monthly salary of AED 7,000. Approval also depends on age, employer, employment period, credit history, existing liabilities and affordability. Meeting the salary requirement alone does not guarantee that the loan will be approved.

What interest rate does FAB charge on personal loans?

FAB currently advertises fixed rates starting from 4.79% per year for qualifying customers. The final FAB Bank personal loan rate depends on nationality, salary transfer, employer, credit score, loan amount and affordability. Compare the effective rate and total repayment, not only the headline rate.

How much personal loan can an expatriate get from FAB?

The main FAB Bank personal loan programme advertises financing of up to AED 2 million for eligible expatriates. The approved amount may be lower because FAB considers salary, current debts, credit card limits, employer profile, repayment period and the applicant’s age at loan maturity.

What documents are required for a FAB personal loan?

Applicants may need a passport, residence visa, Emirates ID, salary certificate, salary transfer letter, completed application and recent bank statements. Buyout applicants may also require a liability or clearance letter. FAB can request additional documents depending on the employer and applicant profile.

Can I settle my FAB personal loan early?

Early settlement is generally possible, but a fee may apply under the loan agreement and UAE banking rules. Request an official settlement quotation before paying. Compare the fee with the interest saved and confirm that the bank will issue a clearance letter after full settlement.