FAB Home Loan Eligibility in UAE
Best Home Loans to buy your dream home
4.6/5
24,259
Reviews
Get Home & Mortgage loan at Lowest Interest Rate
First Abu Dhabi Bank provides affordable home loan solutions for both ex-pats and residents of the UAE. Their home loan products are designed to suit your needs and provide you with a wide range of options with a low rate of interest. But before you apply, you need to fulfil a few FAB home loan eligibility requirements set by the bank. This article will cover everything you need to know about FAB home loan eligibility.
FAB Home Loan Eligibility Criteria
FAB Bank offers attractive and affordable home loan solutions to customers. Up to 5 different loan options are available with FAB for both UAE nationals and residents. The applicants need to fulfil certain requirements to be eligible for FAB home loans in UAE.
Here is a list of all the requirements for FAB home loan eligibility criteria including both common eligibility requirements and unique ones for each type of FAB home loan product:
|
Eligibility Requirements |
Details |
|---|---|
|
Minimum Age Requirement |
21 years |
|
Salary Requirement |
AED 15,000 per month |
Residency Requirements for FAB Home Loan
|
Home Loan Plan |
Eligibility Requirements |
|---|---|
|
FAB Green Mortgage |
UAE National |
|
FAB Home Loan for Non-UAE Residents |
Expatriate |
|
FAB Home Loan for Residences in UAE |
UAE National |
|
Loans for Small Buildings |
UAE National |
|
National Housing Loan |
UAE National |
Why is it important to fulfil loan eligibility requirements for FAB Mortgage Loans in UAE?
The lenders set loan eligibility requirements to minimize the chances of fraudulent applications and repayment defaults. The requirements set for loan eligibility can be lenient or stringent depending on the type of loan you choose to take. since home loans in UAE come with a longer repayment tenure and very high loan amounts, eligibility criteria can be quite strict and high. FAB home loan eligibility criteria attempt to determine the borrower’s capacity to repay the loan and how well they have been handling their finances so far.
Frequently Asked Questions
Yes, First Abu Dhabi Bank offers FAB home loans specially tailored for ex-pat customers.
Applicants need to be at least 21 years old in order to be eligible for a FAB mortgage loan in UAE.
First Abu Dhabi Bank has set the salary requirement for FAB mortgage loans to AED 15,000 per month.
You can visit the bank’s online website or any nearby First Abu Dhabi Bank branch to apply for a home loan. Alternatively, you can visit Policybazaar.ae to browse through the available home loan products and apply for one that best suits your requirements.
No, the bank does not approve any home loan application which does not fulfil the eligibility requirements.
Yes, both self-employed and salaried applicants are eligible for FAB home loan plans.
More From Home Loans
- Recent Articles
- Popular Articles
29 Nov 2024Constructed Property Home Loan: Know About It in DetailDiscover comprehensive insights into constructed property home loans. Learn about eligibility, benefits, and application processes to make informed decisions.
14 Nov 2024How a Home Equity Loan Works & Benefitshome equity loan, also known as an equity loan or second mortgage, is a type of loan through which you can borrow a large sum of money using the equity of your house as collateral.
14 Nov 2024Mortgage Loan Refinance: Secure Lower Interest Rates and Save BigRefinance your mortgage loan and save! Compare refinance home loans and refinance housing loan options to find the best rates and flexible terms for your needs.
14 Nov 2024Home Renovation Loan Guide: How to Finance Your Next Home ProjectLooking for a Home Renovation Loan or Home Improvement Loans? Apply for a Home Renovation Loan today and get affordable financing to transform your space. Easy approval and flexible terms!
14 Oct 2024Short Term vs Long Term Home Loan: Which One is Better?Short Term vs Long Term Home Loan: Compare short-term and long-term home loans to determine the best fit for your financial situation. Gain insights to guide your home financing choice.
14 Oct 2024Applying for an Islamic Home Loan? Here’s What You Need to Know!Islamic mortgage loans are known for their transparency and compliance with Sharia financing laws. Discover features and benefits of top 5 banks offering islamic mortgage loans in the UAE.
