FAB New to Country Loans / New to Employment Loans

Apply for FAB New to Country Loans / New to Employment Loans

Whether you just moved to the UAE or have started a new job, you may require some extra financial support now and then for managing your finances. The requirement could be anything - from purchasing a new car, buying a house, planning a wedding, or simply going for a trip. However, while taking a personal loan in UAE for such purposes is fairly straightforward, several factors have to be considered before the purchase. 

The First Abu Dhabi Bank, among the largest and oldest financial institutions in the UAE, is renowned for its cutting-edge financial products and its presence across the world through numerous branches. The FAB New to Country Loans / New to Employment Loans can help you fulfil your requirements and live a life without comprise. 

Keep reading to find out all the features, benefits, eligibility criteria, and more about this FAB personal loan

Before making a loan application, you should be aware of the terms that you will be agreeing to. Thus, to begin with, review the information given in the table below for FAB New to Country Loans / New to Employment Loans.

Features & Benefits of The FAB New to Country Loans / New to Employment Loans

FAB personal loans are packed with various features and benefits that make them some of the best customer-centric plans for a personal loan in UAE. Take a look at the major features given below to make an informed decision.

1. High Financing Limit - FAB New to Country Loans / New to Employment Loans helps you easily fulfil your needs or resolve emergencies by providing you with a loan amount as high as AED 600,000. So whether you wish to purchase a car, buy a house, or complete any need, you can do so with great ease!
2. Adequate Loan Repayment Tenure - With this FAB personal loan in UAE, users can repay the loan in a tenure of up to 48 months and keep the monthly instalments low over such a prolonged period. Nevertheless, if you wish, you can pay the loan back anytime at a nominal early settlement fee.
3. Life Insurance Coverage - Besides a high loan amount at excellent rates, you can also get financial security with a comprehensive personal life insurance cover by opting for the loan. This feature is complimentary that comes with the FAB personal loans.
4. Hassle-Free Documentation - FAB personal loans are easy to apply for and get approved. With minimal documentation process and application, you get some of the best loan facilities without the hassle of collecting and arranging various documents.

Income/Salary Requirement for the FAB New to Country Loans / New to Employment Loans

Listed below is the minimum salary that an individual must have before applying for this FAB personal loan.

Interest Rate for The FAB New to Country Loans / New to Employment Loans

The FAB bank disburses the FAB New to Country Loans / New to Employment Loans at the following interest rates. 

It should be noted that the interest rates vary for each individual depending on their monthly income, loan amount, nationality, and more.

Eligibility Criteria for The FAB New to Country Loans / New to Employment Loans

You must satisfy the eligibility conditions as prescribed by the First Abu Dhabi Bank in order to be eligible for the FAB New to Country Loans / New to Employment Loans. Check the table below to know the eligibility requirements.

Documents Required for The FAB New to Country Loans / New to Employment Loans

Applicants are required to present the following documents to the bank at the time of applying for FAB New to Country Loans / New to Employment Loans. 

• Copy of a valid Passport/Emirates ID/resident Visa (Originals also required)
• Salary certificate/salary transfer letter addressed to FAB
• Completed application

How to Apply for The FAB New to Country Loans / New to Employment Loans?

By visiting a nearby branch or using the online banking facility on the official website of the bank, you can apply for a FAB personal loan. The steps are fairly easy, as you would need to obtain an application form for the plan of your choice (whether from the website or one of the branches). This form must be filled out and submitted with the required documents to complete the application procedure.

However, you may also wish to browse more plans related to personal loan in UAE from the comfort of your home and in one place. In such situations, you can visit Policybazaar UAE and purchase this FAB personal loan after checking out the best personal loan in UAE plans on this online portal. Another benefit of applying with Policybazaar UAE is that you can get the best offers at a fair price for loans, insurance, and more. 

Follow the given steps to apply for this FAB personal loan in UAE:

• Step 1 - Go to policybazaar.ae and search for ‘Personal loans’ on the website. You will locate these plans under the "Banking products" section of the website.
• Step 2 -You will find an e-form in the personal loan area that must be filled out to access the loan quotations. Simply provide your name, email, phone number, monthly income, and more to proceed.
• Step 3 - By selecting the "Continue" option, you will be taken to a webpage featuring the top individual quotes from the UAE. Here, you can search for the FAB New to Country Loans / New to Employment Loans and go through all the conditions and features thoroughly. You can then apply for the loan if you find it the best fit for your needs.
• Step 4 - Apply for the plan by providing the details requested further (if any). Policybazaar UAE will review your application and get in touch with you right away to help you swiftly get this FAB personal loan.

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