FAB – Car Finance For UAE Nationals 2024 New Update

Minimum Salary

AED 7,000

Monthly Payment

AED 1,748

Flat Rate

2.35%

Down Payment

20 %

Salary Transfer

Yes

Early Settlement Fees

1%

Maximum Term

5 Years

Reducing Rate

4.46%

Features

Exclusive Deal for UAE Nationals Competitive annual profit rates starting from 2.35% (equivalent to a reducing rate of 4.46%). Financing options of up to AED 1.5 million or 80% of the car’s assessed value Flexible financing for both new and pre-owned vehicles. A generous grace period of up to 90 days before the commencement of the first installment. Offer applicable to salaried individuals Special promotional rates available for a limited duration Mandatory

Documentation

Official vehicle quotation Valid UAE driving license Recent bank statements (where applicable) Salary certificate. Specifically addressed to FAB Islamic (where applicable) Completed and signs auto-loan application by the customer Copy of a valid passport, residence visa, or Emirates ID (originals to be presented as well)

      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.