FAB Non-Listed Company Personal Loan — Apply Without Employer Approval
Your employer isn’t on FAB’s approved list. That doesn’t mean you can’t get a loan. FAB has a specific product designed exactly for this situation — and it’s more accessible than most people think.
Here’s the problem: most banks only lend to employees of companies they’ve pre-approved. If your company isn’t on that list, you’re stuck. But FAB saw that gap and created the Non-Listed Company Personal Loan. It’s for salaried employees whose employer hasn’t gone through FAB’s corporate onboarding — and it comes with rates that are surprisingly competitive.
Safety Note: UAEfinbiz is an informational guide only and does not have access to your FAB account or personal information. Never share your Emirates ID, salary certificate, bank statements, or OTP with any third-party website or individual claiming to process loans. Always apply directly through official FAB channels. For verified information, visit the official FAB website at www.bankfab.com. Verify all terms, rates, and fees directly with FAB before signing any agreement.
What Is the FAB Non-Listed Company Personal Loan?
This is FAB’s personal loan product for employees whose companies are not on FAB’s approved employer list . That means your HR department hasn’t signed a corporate agreement with FAB, or your company is too small to be listed. Either way, you still qualify for a loan.
The key difference: you must transfer your salary to FAB. That’s the trade-off for not having an approved employer.
Rates and Amounts
The rates are fixed — not variable. That means your monthly payment won’t change if interest rates move.
| Segment | Interest Rate | Loan Amount | Tenure |
|---|---|---|---|
| UAE Nationals | 8.99% fixed per year | Up to AED 500,000 | Up to 48 months |
| Expats | 11.99% fixed per year | Up to AED 500,000 | Up to 48 months |
What this means in practice: If you’re a UAE National borrowing AED 100,000 at 8.99% for 48 months, your monthly payment would be roughly AED 2,488. An expat borrowing the same amount at 11.99% would pay approximately AED 2,632 per month.
The rates are fixed, meaning they stay the same for the entire loan term. This gives you certainty — no surprises if the Central Bank changes rates .
Eligibility — What You Need to Qualify
FAB is clear about who qualifies for this product :
- Minimum monthly income: AED 10,000
- Age: 21 years or older
- Employment: Minimum 6 months with your current employer
- Credit score: Must be acceptable to FAB (they check your AECB report)
- Salary transfer: Required to a FAB account
The salary requirement is higher than FAB’s standard personal loan (AED 7,000). That’s because without an approved employer, FAB is taking on more risk. The AED 10,000 threshold compensates for that.
Documents Required
The document list is straightforward :
- Copy of valid passport and Emirates ID (originals must also be presented)
- Bank statements for the last 3 months showing salary credits (if your salary isn’t already credited to a FAB account)
- Salary transfer letter or salary certificate addressed to FAB
- Signed and completed application form
If your salary is already going into a FAB account, you may not need the bank statements. But for most applicants, the 3-month statement requirement applies.
How This Compares to FAB’s Standard Personal Loan
| Feature | Standard FAB Personal Loan | Non-Listed Company Loan |
|---|---|---|
| Minimum Salary | AED 7,000 | AED 10,000 |
| Rate (Nationals) | From 4.79% fixed | 8.99% fixed |
| Rate (Expats) | From 5.74% fixed | 11.99% fixed |
| Max Amount | AED 5M (Nationals) / AED 2M (Expats) | AED 500,000 (both) |
| Employer Requirement | Must be on FAB’s approved list | No approved list needed |
| Salary Transfer | Required | Required |
The trade-off is clear: you pay a higher rate and borrow less, but you don’t need your employer to be pre-approved by FAB.
What About FAB Islamic Non-Listed Company Personal Finance?
FAB Islamic offers an equivalent Sharia-compliant product with the same eligibility criteria :
| Segment | Profit Rate | Finance Amount | Tenure |
|---|---|---|---|
| UAE Nationals | 4.86% (equivalent to 8.99% reducing) | Up to AED 500,000 | Up to 48 months |
| Expats | 6.60% (equivalent to 11.99% reducing) | Up to AED 500,000 | Up to 48 months |
The eligibility is identical: minimum AED 10,000 salary, 21+, 6 months with employer, acceptable credit score, salary transfer required .
The difference is the structure — this is Islamic finance using a Commodity Murabaha model, not a conventional interest-bearing loan.
The New Paperless Option via FAHR
FAB recently launched a fully automated, paperless personal loan journey through an integration with the Federal Authority for Government Human Resources (FAHR) .
What this means for you:
- No manual salary certificate collection
- No salary transfer letter needed
- Real-time salary validation through FAHR’s central HR system
- Automated data entry — fewer forms to fill
Who qualifies: Customers whose employers are integrated with FAHR .
If your company uses FAHR for HR management, you may be able to complete the entire application digitally without collecting any documents from your HR department.
Frequently Asked Questions
Can I get a FAB personal loan if my employer isn’t approved?
Yes. The FAB Non-Listed Company Personal Loan is designed specifically for employees whose companies are not on FAB’s approved employer list. You need a minimum salary of AED 10,000 and must transfer your salary to FAB.
What is the interest rate for FAB Non-Listed Company Personal Loan?
UAE Nationals: 8.99% fixed per year. Expats: 11.99% fixed per year. These rates are fixed for the entire loan term.
How much can I borrow with the Non-Listed Company Loan?
Up to AED 500,000 for both UAE Nationals and Expats, with a maximum tenure of 48 months.
Do I need to transfer my salary to FAB for this loan?
Yes. Salary transfer to a FAB account is required for the Non-Listed Company Personal Loan.
What documents do I need for the Non-Listed Company Loan?
Valid passport and Emirates ID (originals), bank statements for the last 3 months showing salary credits (if salary isn’t already with FAB), salary transfer letter or salary certificate addressed to FAB, and a signed application form.
Is there a Sharia-compliant version of this loan?
Yes. FAB Islamic offers a Non-Listed Company Personal Finance with the same eligibility criteria. Profit rates start from 4.86% for UAE Nationals and 6.60% for Expats (equivalent reducing rates of 8.99% and 11.99% respectively).
Can I apply for this loan without visiting a branch?
If your employer is integrated with FAHR, you may qualify for FAB’s fully automated, paperless loan journey. This eliminates the need for manual salary certificates and salary transfer letters.
What is the processing fee for this loan?
FAB’s standard processing fee applies: 1.05% of the loan amount, with a minimum of AED 525 and maximum of AED 2,625.
