First Abu Dhabi Bank Personal Loan for Expats
- Minimum Salary AED 7,000
-
Flat Rate
5.02% - Reducing Rate 9.29%
- Max. Term 4 Years
- Salary Transfer Yes
- Islamic Finance No
Description
Be it a dream wedding, buying a home or achieving another life goal, with attractive interest rates and high loan amounts, meeting your personal financial requirements could not be easier.
Major Advantage: High finance amount
Points to Consider: There is a processing fee
Features
Major Benefit:
- Flexible repayment terms
- Minimum documentation
- Fast track approvals
Minimum Salary Requirement: AED 7,000
Reducing Rate (as advertised): From 9.29% p.a. (depends on profile of the customer)
Flat Rate: From 5.02% 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: AED 2,000,000
Islamic Finance: No
Maximum Term: 48 Months
Salary Transfer: Compulsory
Early Settlement Fees: 1.05% of outstanding amount
Insurance: 1% to 1.5% of the finance amount
Salaried/Self Employed: Only Salaried can apply
Documents Required
- Salary transfer certificate in favor of FAB Bank.
- Last 6 months salary bank statements.
- Valid Passport, Visa and Emirates ID copy.
- Proof of current liabilities as required by Bank.
Additional Info
- All info mentioned can change at any point of time as per the discretion of the bank. The Bank will determine eligibility. All info above is subject to change.
- Reducing rate is converted into Flat rate as per 4 years calculation.
- Terms and conditions apply.
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