New Features FAB – Car Finance For Expatriates 2024

Minimum Salary

AED 7,000

Monthly Payment

AED 1,423

Flat Rate

2.59 %

Down Payment

20 %

Salary Transfer

Yes

Early Settlement Fees

1%

Maximum Term

5 Years

Reducing Rate

4.9%

FAB introduces enhanced features for its Car Finance program tailored specifically for expatriates in 2023/2024. Here’s a snapshot of the new features, eligibility criteria, and the necessary documents:

New Features

  1. Enjoy a more streamlined and user-friendly digital application process for added convenience.
  2. Benefit from extended repayment tenures to better align with your financial preferences.
  3. Access personalized customer support to guide you through every step of the car financing journey.

Eligibility Criteria

  1. Open to expatriates residing in the UAE.
  2. Demonstrate stable employment as per FAB’s criteria.
  3. Ensure your income meets the minimum requirements set by FAB for eligibility.

Required Documents

  1. Valid passport, UAE residence visa, and Emirates ID.
  2. Salary certificates, bank statements, or other documents verifying your income.
  3. Details of the intended vehicle, including registration certificates and other relevant documents.

      BANKS
Abu Dhabi Commercial Bank
Abu Dhabi Commercial Bank-Islamic
Abu Dhabi Islamic Bank
Ajman Bank
Arab Bank
Commercial Bank International
Commercial Bank of Dubai
Dubai Islamic Bank
Emirates Islamic
Emirates NBD
Finance House
First Abu Dhabi Bank
HSBC
National Bank of Fujairah
National Bank of Umm Al Qaiwain
Noor Bank
Sharjah Islamic Bank
Standard Chartered Bank
United Arab Bank
simplylife from ADCB
New Features FAB - Car Finance For Expatriates 2023/2024

FAB

First Abu Dhabi Bank (FAB), the largest bank in the United Arab Emirates, stands as a financial powerhouse with a rich legacy of providing comprehensive banking solutions. Renowned for its innovation and customer-centric approach, FAB offers a diverse range of services, including retail, corporate, and investment banking, along with Islamic banking products. With a commitment to excellence, FAB leverages cutting-edge technology to enhance customer experiences and ensure seamless financial transactions. The bank's global presence, coupled with a strong emphasis on sustainability and corporate responsibility, positions FAB as a leader in shaping the financial landscape of the region, contributing significantly to the economic growth and well-being of its customers and communities.

If you're in the market for a car loan, you're in the right spot. We offer an extensive selection of over 40 diverse car loan options for you to consider. We've carefully assessed criteria such as minimum salary requirements, monthly repayment plans, and the flat rate percentage.