FAB Home Loan

First Abu Dhabi Bank (FAB) is among the largest and most trusted banks in the UAE. FAB's comprehensive suite of services includes a versatile and customer-centric home loan product, designed to cater to the diverse aspirations of homebuyers.

With a strong emphasis on flexibility, competitive interest rates, and tailored solutions, the FAB home loan product empowers individuals to achieve their dreams of owning a home in the dynamic landscape of the country. Furthermore, the bank’s dedication to customer satisfaction and financial expertise has made it a preferred choice for those seeking reliable and innovative home financing solutions.

Features and Benefits of FAB Home Loan in the UAE

The key features and benefits of FAB mortgage loans are as follows

Home Loan for Residences and Investment in UAE

• The maximum finance amount offered by the bank is AED 20,000,000.
• Borrowers have a flexible tenure of up to 25 years to pay off the loan amount.
• Shariah-compliant financing is available for potential borrowers.
• First-time buyers can finance up to 85% of their property value.
• The processing fee is 0.5% of the loan amount (excluding VAT).
• No processing fee is charged for buyout loans.
• Individuals can opt for either a fixed rate or a variable rate.  
• Customers can earn up to AED 12,500 cashback upon transferring their salary to an FAB account and opening an iSave account.
• There are no approval-in-principle fees involved. 

Click here to Apply for Home Loan for Residences and Investment in UAE

Islamic Home Finance

• The maximum finance amount offered by the bank is AED 20,000,000.
• Borrowers have a flexible tenure of up to 25 years to pay off the loan amount.
• Shariah-compliant financing is available for potential borrowers.
• First-time buyers can finance up to 85% of their property value.
• The processing fee is 0.5% of the loan amount (excluding VAT).
• There are no processing fees for buyout loans.
• Applicants can opt for either a fixed rate or a variable rate. 
• Customers can earn up to AED 10,000 in FAB Islamic rewards upon transferring their salary to a FAB Islamic savings account and getting a credit card.
• There are no approval-in-principle fees involved.

Click here to Apply for Islamic Home Finance

What are the Eligibility Criteria for Obtaining a FAB Mortgage Loan in the UAE?

In order to obtain a FAB home loan, individuals must comply with the requirements as stated by the bank. Given below are the eligibility criteria for both the home loan products —

Home Loan for Residences and Investment in UAE

• Salaried applicants must have a salary of at least AED 15,000.
• The minimum salary required for self-employed individuals is AED 25,000.  

Islamic Home Finance

• Salaried applicants must have a salary of at least AED 15,000.
• The minimum salary required for self-employed individuals is AED 25,000.  

Interest Rates for FAB Mortgage Loan in UAE

Refer to the following tables to know the applicable interest rates of the FAB home loans in the Emirates — 

Interest Rates for Home Loans for Residences and Investment in UAE

Fixed Rate

Fixed Rate Tenure	With a Salary Transfer to a FAB Account	Without a Salary Transfer to a FAB Account
One Year	3.99%	5.24%
Three Year	4.24%	5.24%
Five Year	4.49	5.24%

Variable Rate

• The one-year variable rate starts from 0.55% + 3 months EIBOR for the first year.
• From the second year onwards, the variable rate starts from 1.5% +3 months EIBOR.

Interest Rates for FAB Islamic Home Finance in UAE

Fixed Rate

Fixed Rate Tenure	With a Salary Transfer to a FAB Account	Without a Salary Transfer to a FAB Account
One Year	3.99%	5.24%
Three Year	4.24%	5.24%
Five Year	4.49	5.24%

Variable Rate

• The one-year variable rate starts from 0.55% + 3 months EIBOR for the first year.
• From the second year onwards, the variable rate starts from 1.5% +3 months EIBOR.