First Abu Dhabi Bank

Abu Dhabi

https://www.bankfab.com

Bank Logo

First Abu Dhabi Bank Overview

First Abu Dhabi Bank (FAB) is the largest bank in the United Arab Emirates (UAE) and one of the world's largest and safest financial institutions. It was formed following a merger between First Gulf Bank (FGB) and National Bank of Abu Dhabi (NBAD). As a flagship financial institution in the Emirates, FAB is recognized as one of the 50 safest banks globally and the safest bank in the Middle East.

Services and Operations

FAB offers a wide range of personal and private banking services. These services range from credit cards to Islamic banking, investment, loans, and mortgages within the UAE. Moreover, FAB has customized banking services tailored to cater to corporate, investment, and personal needs. The bank has played a pivotal role in shaping the region's banking industry, powering the UAE's economic growth, and transforming the region into a financial hub.

Global Presence and Impact

The influence of First Abu Dhabi Bank reaches beyond the UAE borders. FAB was affirmed by Fitch as 'AA-' with a stable outlook. By the end of the first half of 2024, FAB had established itself as the largest UAE bank, controlling 25%-30% of sector loans, assets, and deposits. This statistic underscores the bank's significant role and influence in the UAE's banking sector and its global presence.

Customer Support and Digital Channels

First Abu Dhabi Bank is committed to providing help and support to its customers through its digital channels. The bank has set up a call center for handling any queries, with the number being 600625500. This provision ensures that customers can easily access the services and assistance they need, thereby enhancing customer experience and satisfaction.

Branches

First Abu Dhabi Bank First Abu Dhabi Bank (FAB) | Sheikh Zayed Road Branch, Dubai

First Abu Dhabi Bank (FAB) | Sheikh Zayed Road Branch, Dubai

46H6+98V - Al Quoz - Al Quoz Industrial Area 3 - Dubai

First Abu Dhabi Bank First Abu Dhabi Bank (FAB) | Mall of The Emirates Branch, Dubai

First Abu Dhabi Bank (FAB) | Mall of The Emirates Branch, Dubai

Mall of The Emirates - E11 Sheikh Zayed Rd - Dubai

First Abu Dhabi Bank First Abu Dhabi Bank (FAB) | Deira City Centre Branch, Dubai

First Abu Dhabi Bank (FAB) | Deira City Centre Branch, Dubai

Deira City Centre Mall - Dubai

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Personal

Credit Cards

First Abu Dhabi Bank Logo
APR:47.88%
Annual Fee: AED2,500.00
Interest-Free Period:25-55 days
Cash Advance Fee:3.15% (min 157.50 AED)

Benefits:

Earn Etihad Guest miles on every purchase and enjoy luxury travel benefits.

First Abu Dhabi Bank Logo
APR:47.88%
Annual Fee: AED1,500.00
Interest-Free Period:25-55 days
Cash Advance Fee:3.15% (min 157.50 AED)

Benefits:

Get rewarded with Etihad Guest miles and access to airport lounges worldwide.

Deposits

First Abu Dhabi Bank Logo
Minimum Deposit:AED 5,000.00
Tenure:7 - 365 days
Interest Rate:Varies
Payment Frequency:On Maturity
Early Withdrawal Penalty:AED 100 penalty for premature withdrawals; interest recalculated at a lower rate.
Islamic Deposit:No

Features:

Flexible tenures from 7 days to 12 months; linked to a FAB account.

First Abu Dhabi Bank Logo
Minimum Deposit:AED 30,000.00
Tenure:730 - 3650 days
Interest Rate:Varies
Payment Frequency:Monthly, Half-Yearly, or On Maturity
Early Withdrawal Penalty:AED 100 penalty for premature withdrawals; if withdrawn early, previously paid interest is deducted from principal.
Islamic Deposit:No

Features:

Long-term deposit with flexible payout options and higher interest rates for extended tenures.

Mortgages

First Abu Dhabi Bank Logo
Interest Rate:EIBOR-based
APR:N/A
Max Loan Amount:AED 20,000,000.00
Loan Tenure:300 months
Loan-to-Value (LTV):85.00%
Processing Fee:1.05% of loan amount (min AED 5,250).

Features:

Standard home mortgage for UAE residents.

First Abu Dhabi Bank Logo
Interest Rate:EIBOR-based
APR:N/A
Max Loan Amount:AED 10,000,000.00
Loan Tenure:240 months
Loan-to-Value (LTV):75.00%
Processing Fee:1.05% of loan amount (min AED 5,250).

Features:

Tailored for non-UAE residents investing in UAE real estate.

Car Loans

First Abu Dhabi Bank Logo
Interest Rate: 4.09% reducing
Maximum Loan Amount: AED 1,500,000.00
Loan Tenure:60 months
Loan-to-Value (LTV):80.00%

Features:

Loan amounts up to AED 1.5M or 80% of vehicle value, up to 90 days grace period before first payment, comprehensive insurance required, vehicle is mortgaged to the bank.

First Abu Dhabi Bank Logo
Interest Rate: 6.43% reducing
Maximum Loan Amount: AED 1,500,000.00
Loan Tenure:60 months
Loan-to-Value (LTV):80.00%

Features:

Loan amounts up to AED 1.5M or 80% of vehicle value, up to 90 days grace period before first payment, comprehensive insurance required, vehicle is mortgaged to the bank.

Safe Deposit Lockers

First Abu Dhabi Bank Logo
Annual Rental Fee:AED 787.50
Security Deposit:AED 3,000.00
Availability:Available at multiple branches: Sh. Zayed Road, Mirdiff, Jumeirah (Dubai); Sharjah Main; RAK; Fujairah; multiple Abu Dhabi branches
Access Frequency:During branch business hours, only in the presence of an authorized bank representative
Locking Mechanism:Dual key system (customer key + bank master key)

Special Features:

Fire-resistant lockers, dual lock system (customer + bank master key)

First Abu Dhabi Bank Logo
Annual Rental Fee:AED 1,050.00
Security Deposit:AED 3,000.00
Availability:Available at multiple branches: Sh. Zayed Road, Mirdiff, Jumeirah (Dubai); Sharjah Main; RAK; Fujairah; multiple Abu Dhabi branches
Access Frequency:During branch business hours, only in the presence of an authorized bank representative
Locking Mechanism:Dual key system (customer key + bank master key)

Special Features:

Fire-resistant lockers, dual lock system (customer + bank master key)

Personal Loans

First Abu Dhabi Bank Logo
Flat Interest Rate: 4.99%
Reducing Rate: 4.75%
Max Loan Amount:AED 2,000,000.00
Loan Tenure:60 months
Min Salary:AED 0
Processing Fee: 1.00%

Features:

No salary transfer required; competitive rates; flexible repayment options.

First Abu Dhabi Bank Logo
Flat Interest Rate: 6.99%
Reducing Rate: 7.25%
Max Loan Amount:AED 1,500,000.00
Loan Tenure:60 months
Min Salary:AED 8,000
Processing Fee: 1.00%

Features:

Mandatory salary transfer; competitive rates for expats; flexible tenure.

Savings Accounts

First Abu Dhabi Bank Logo
Interest Rate 0.02%
Minimum Balance: AED 3,000.00
Account Type Standard
Open Online: Yes
First Abu Dhabi Bank Logo
Interest Rate 0.02%
Minimum Balance: AED 0.00
Account Type Premium
Open Online: Yes

Business

Business Current Accounts

First Abu Dhabi Bank Logo
Min. Avg. Balance: AED 10,000.00
Monthly Fee: AED 250.00
First Abu Dhabi Bank Logo
Min. Avg. Balance: AED 250,000.00
Monthly Fee: AED 0.00

SWIFT Codes

First Abu Dhabi Bank- Head Office (Abu Dhabi)
NBADAEAA

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