FAB Landlord Loans

*The base rate for FAB personal loans is 8.75% from July 1, 2022.

Apply for FAB Landlord Loans

The First Abu Dhabi Bank, also referred to as FAB, is one of the distinguished banks in the UAE. The bank is recognised by customers for providing the most relevant and customisable financial product. Notably, unlike several other banks, FAB has several options within the category of personal loan in UAE itself! 

One such example of the mentioned wide range of personal plans by the bank is the FAB landlord loan. A type of FAB personal loan, the high point of this plan is that it gives you the advantage of utilising your property to access funds for any personal requirement. 

Want to know more about the FAB landlord loan and how this type of FAB personal loan in UAE will be beneficial for you? Continue reading below to find all the relevant answers.

Features & Benefits of FAB Landlord Loans

FAB landlord loan is suitable for an individual who wishes to use their rental property and borrow a loan against their income from the rent. Other than that, there is a list of benefits that you can take advantage of with this FAB personal loan, with the most relevant ones listed below for your consideration:

• Flexible Repayment Tenures - The landlord's personal loan by the FAB bank comes with a flexible tenure option, meaning that you can select any tenure period up to 48 months to repay your loan. Consequently, this type of personal loan in UAE gives you the freedom to avoid imbalanced monthly budgets resulting from large repayment installments.
• Financing of Up to AED 2 Million - FAB bank offers excellent financing with its landlord's personal loan, with the option of getting up to AED 2 million against the property that you have rented. 
• Attractive Interest Rates - The FAB landlord loan has a minimal and reasonable base rate and a variable rate of 2% p.a. With such low rates, you can easily utilise the loan amount first and repay it in manageable installments.
• Life Insurance - Each applicant for the FAB personal loan is automatically eligible for life insurance. This insurance is helpful in the event of death or disability of the borrower, as the family members and dependents of the borrower could benefit from this financial relief.

Interest Rates for FAB Landlord Loans 

Check out the applicable interest rates for FAB personal loans: 

**Base rate for FAB personal loans is 8.75% from July 2022 onwards.

Income Requirement for FAB Landlord Loans 

Here is what the FAB bank looks for as a minimum salary requirement.

Eligibility Criteria for FAB Landlord Loans

To apply for the FAB landlord personal loan, you must fulfil the requirements mentioned below first:

*Maximum age varies as per several other factors 

Documents Required for FAB Landlord Loans 

When applying for a personal loan in UAE via the FAB bank, you must have some key documents to present to the bank during your personal loan application. Here is a list of requested documents:

• FAB personal loan application 
• Salary transfer letter 
• Salary certificate 
• Bank account statement for the past three months
• Emirates ID (for nationals)
• Passport and Visa copy (for ex-pats)

How to Apply for FAB Landlord Loans?

You can apply for a FAB personal loan offline or online, as per your convenience. If the former is your preference, you can simply visit a FAB branch nearby and fill out an application form for the same there. After submitting it along with the specified documents, you can expect the bank to contact you in a short while to discuss the remaining steps of the application. 

However, offline applications for a personal loan in UAE can often prove cumbersome and time-consuming. In such cases, directly applying online from the website of the bank is an excellent way to cut the hassle and save time.

Here is how you can apply for FAB landlord loans using the official FAB website:

• Visit the official FAB website. 
• Tap or click on the ‘Loans’ section on the website.
• You will find a list of all the available FAB personal loan plans and other types of loan plans there. This is where the FAB landlord loan will be visible.
• Select the plan of your choice and tap on it to view all its relevant terms and conditions.
• Click on the ‘Apply Now’ button for your preferred plan.
• The bank may ask you for a few more details to proceed with your application. 

The remaining part is the same as before, as you will be required to wait for a while for the bank to connect with you.

FAQs