RAKBANK Personal Loan in UAE: Fast Approval, Flexible Rates & Complete Guide
First Abu Dhabi Bank (FAB), the largest bank in the UAE and one of the strongest financial institutions in the Middle East, is widely recognized for offering fast, flexible and competitive personal loans. Whether you’re an expat in Dubai or a UAE national living in Abu Dhabi, FAB has built a reputation for reliable loan options designed for real life — education, travel, emergencies, home improvements, medical needs, or simply improving cash flow.
FAB’s digital-first strategy, strong financial stability, and excellent customer service make it one of the best banks in the UAE for residents looking for quick approval, affordable rates, and transparent loan terms.
This guide explains everything about FAB personal loans, from eligibility to interest rates, documents, real stories, tips to get approved, and more.
FAB is known for having one of the quickest loan processing systems in the UAE. Many borrowers receive pre-approval within minutes and final approval within hours.
FAB offers some of the best interest rates in the UAE market, especially for salary-transfer customers.
| Loan Type | Flat Rate | Reducing Rate |
|---|---|---|
| Salary Transfer Loan | ~2.49% – 4.25% | ~5.25% – 10.99% |
| Non-Salary Transfer Loan | ~4% – 8% | ~10% – 17.99% |
Exact rates vary depending on salary, employer, nationality, credit score, and loan amount.
FAB is one of the few banks in the UAE offering extremely high loan limits.
| Category | Amount (AED) |
|---|---|
| Expats | Up to 1,000,000+ |
| UAE Nationals | Up to 5,000,000+ |
This makes FAB an excellent choice for large-scale financing needs.
Borrowers can choose between shorter or longer repayment plans.
FAB’s mobile app is one of the highest rated in the region.
This greatly speeds up the entire process.
The most affordable and most popular loan FAB offers.
Ideal for individuals who want to keep their salary in another bank.
FAB designs special packages for Emiratis with:
FAB is extremely expat-friendly.
| Requirement | Details |
|---|---|
| Age | 21–65 years |
| Minimum Salary | AED 7,000 (varies) |
| Employment | Salaried employee |
| Visa Status | Valid UAE residency |
| Bank Account | Any UAE bank |
| Document | Required |
|---|---|
| Emirates ID | ✔️ |
| Passport | ✔️ |
| Residency Visa | ✔️ |
| Salary Certificate | ✔️ |
| Bank Statements | 3–6 months |
| Salary Transfer Letter | Only for salary-transfer loans |
| Loan Size | Range |
|---|---|
| Small Loan | AED 10,000 – 40,000 |
| Mid-Range Loan | AED 50,000 – 250,000 |
| Large Loan | AED 250,000 – 1,000,000+ |
| Emirati High-Value Loan | Up to AED 5,000,000 |
FAB offers both flat rate and reducing balance structures.
| Feature | Flat Rate | Reducing Rate |
|---|---|---|
| EMI predictability | High | Medium |
| Total interest paid | Higher | Lower |
| Best for | Short-term loans | Long-term loans |
| Loan Type | Approval Time |
|---|---|
| Salary Transfer | Same day |
| Non-Salary Transfer | 24–48 hours |
| Existing FAB customer | Often within minutes |
You get a decision fast — often in the same business day.
FAB has an approved employer list that boosts approval odds.
Have Emirates ID + passport + salary info ready.
Many receive it instantly.
FAB checks:
Disbursement is fast:
FAB is strict about credit and salary criteria.
“FAB approved my loan the same afternoon. Extremely fast process.”
“I moved to Dubai three months ago and FAB treated me very well. No unnecessary delays.”
“I needed AED 250K for home refurbishment. FAB handled everything professionally.”
Typically AED 7,000, but varies by employer.
Same day for most salaried applicants.
Yes — FAB is highly expat-friendly.
No. FAB offers both types of loans.
Up to AED 5 million for UAE nationals and AED 1 million for expats.
No. FAB loans are unsecured.
Absolutely yes. FAB combines:
Whether you’re a UAE national seeking a high-limit loan or an expat needing quick financial support, FAB stands out as one of the top choices in the UAE loan market.
