Who Can Apply for the FAB Car Loan?
The FAB Car Loan is open to both UAE nationals and expatriates who meet specific eligibility criteria. Applicants must have a minimum monthly salary of AED 7,000 and be employed by a governmental, semi-governmental, or recognized private organization.
Additionally, they must be at least 21 years old and have completed at least six months of service with their current employer. These conditions make the loan accessible to a broad range of qualified individuals aiming to purchase a vehicle.
Required Documentation
To apply for a FAB Auto Loan, applicants will need to provide:
✔️A valid passport, residency visa, and Emirates ID.
✔️Proof of income and salary transfer details.
✔️Additional documentation may be required based on individual circumstances.
FAB’s straightforward documentation process makes it easy to get started, ensuring that your loan application is processed quickly.
A Helpful Tip!
If you’re considering a car loan, use FAB’s loan calculator to get an estimate of your monthly repayments. This will help you better plan your finances before applying for the loan.
It’s also beneficial to check if you qualify for the multi-product package, which offers additional rewards and benefits when you transfer your salary to your FAB account. This can be a smart way to save more while financing your car.
Ready to Apply?
Don’t wait any longer to get the car you’ve always wanted. Apply for your FAB Car Loan today! Simply gather the required documents and click below to get started. A FAB representative will contact you to guide you through the next steps. Your dream car is just a loan away!