How to Apply for FAB Auto Loans in 2025?

Have you been dreaming of owning a car but are unsure how to finance it? Applying for a First Abu Dhabi Bank (FAB) auto loan can make this dream come true. Let me guide you through the entire process, step-by-step, so you can take control of your car ownership journey today.

How to Apply for FAB Auto Loans in 2025? (Quick Answer)

To apply for a FAB auto loan, meet the eligibility criteria including a minimum salary requirement of AED 7,000. Submit documents like Emirates ID, salary certificate, and bank statements. FAB offers competitive interest rates, loan amounts up to AED 1.5 million, and repayment tenures up to 60 months.

Understanding FAB Auto Loans

FAB auto loans are tailored to help you purchase your dream car without financial strain. These loans are designed for both UAE nationals and expatriates, providing flexibility and attractive terms. Whether you’re eyeing a new or used vehicle, FAB offers options to suit your needs.

Key Features of FAB Auto Loans:

Feature	Details
Interest Rates	Starting at 1.99% flat per annum
Loan Amount	Up to AED 1.5 million
Repayment Tenure	Flexible terms of up to 60 months
Down Payment	Minimum 20% as per UAE Central Bank guidelines
Approval Time	Quick approvals within 24-48 hours

What is the Eligibility Criteria for FAB Auto Loans?

FAB has set specific eligibility requirements to ensure applicants can manage their loans responsibly. Below are the criteria you must meet:

1. Income Requirements

• Minimum monthly salary: AED 7,000
• For non-salary transfer customers, higher income thresholds may apply.

2. Age Limit

• Applicants must be between 21 and 65 years (at loan maturity).

3. Employment Type

• Must work with a government, semi-government, or recognized private organization.
• Minimum work tenure of six months for private-sector employees.

4. Credit Score

• A good credit history and a minimum score as required by the bank.

5. Down Payment

• Minimum 20% of the car’s value, in compliance with UAE regulations.

What are the Documents Required for FAB Auto Loans?

To speed up your loan application process, ensure you have the following documents ready:

• Emirates ID (original and copy)
• Valid UAE driving license
• Passport and visa copies (for expatriates)
• Salary certificate
• Last 3-6 months bank statements
• Proforma invoice from the car dealer

How to Apply for FAB Auto Loans in 2025? Step by Step

1. Online Application

• Visit the FAB official website and go to the auto loans section at https://www.bankfab.com/en-ae/personal/loans/car-loans
• Fill out the online application form with your personal and employment details.
• Upload scanned copies of required documents.
• Submit the form and wait for a bank representative to contact you.

2. Branch Visit

• Visit the nearest FAB branch with your documents.
• Speak to a loan officer to discuss your needs and options.
• Complete the application process and receive an initial assessment.

3. Through Auto Dealerships

• Many authorized car dealerships partner with FAB to offer financing options.
• Discuss your loan requirements directly with the dealership’s financing team.
• They will coordinate with FAB on your behalf.

Tips to Increase Loan Approval Chances

Getting approved for an auto loan is easier if you prepare in advance. Here are some actionable tips:

1. Improve Your Credit Score
   • Pay off existing debts and avoid late payments to build a strong credit history.
2. Provide Complete Documentation
   • Ensure all required documents are accurate and up-to-date.
3. Choose a Salary Transfer Loan
   • Opting for salary transfer to FAB can enhance your approval chances and may even lower interest rates.
4. Increase Your Down Payment
   • A higher down payment reduces the loan amount and showcases financial stability.
5. Maintain Job Stability
   • Long-term employment strengthens your profile in the bank’s evaluation process.

Comparison Table: FAB Auto Loans vs. Other Options

Feature	FAB Auto Loans	Dealer Financing	Personal Loans
Interest Rates	From 1.99% per annum	Typically higher	Higher than auto loans
Loan Amount	Up to AED 1.5 million	Based on car value	Limited to salary
Repayment Tenure	Up to 60 months	Varies	Shorter terms available
Down Payment	Minimum 20%	Varies	Not applicable
Approval Time	24-48 hours	Faster	Longer processing times

Frequently Asked Questions

Q. What is the interest rate for FAB auto loans?

FAB offers interest rates starting at 1.99% flat per annum. Rates vary based on your financial profile and loan tenure.

Q. Can expatriates apply for FAB auto loans?

Yes, expatriates can apply if they meet the eligibility criteria, including the minimum salary and valid UAE residence visa requirements.

Q. How long does it take to process an auto loan?

Loan approvals typically take 24-48 hours, provided all documents are in order.

Q. Are there penalties for early repayment?

FAB allows early settlements but charges a nominal fee as per the loan agreement.

Q. Can I finance a used car with a FAB auto loan?

Yes, FAB auto loans cover both new and used cars, subject to specific terms and conditions.

Final Thoughts

Applying for a FAB auto loan can be a smooth process if you meet the eligibility criteria and provide the necessary documentation. With competitive interest rates, flexible repayment options, and quick approvals, FAB auto loans are an excellent choice for financing your dream car.

To improve your chances of approval, focus on maintaining a strong credit profile, stable employment, and a sufficient down payment. For more personalized advice, visit a FAB branch or contact their customer service today. Start your journey toward car ownership with confidence and ease!