# FAB Home Loan

**Original Url:** https://www.paisabazaar.ae/mortgage-loan/fab-home-loan/

Best Home Loans to buy your dream home

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.

Table of Content

*   [Features and Benefits of FAB Home Loan in the UAE](#features-and-benefits-of-fab-home-loan-in-the-uae)
*   [What are the Eligibility Criteria for Obtaining a FAB Mortgage Loan in the UAE?](#what-are-the-eligibility-criteria-for-obtaining-a-fab-mortgage-loan-in-the-uae)

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](https://www.paisabazaar.ae/mortgage-loan/fab-mortgage-loan-for-residences-and-investments-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](https://www.paisabazaar.ae/mortgage-loan/fab-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.

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Other Banking Product By fab

*   [FAB Car Loan](https://www.paisabazaar.ae/car-loans/fab-car-loan/)
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*   [FAB Personal Loan](https://www.paisabazaar.ae/personal-loans/fab-personal-loan/)

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