Planning to take a loan from First Abu Dhabi Bank (FAB)? Whether it’s for a personal loan, car loan, or home loan, knowing your monthly EMI (Equated Monthly Installment) in advance helps you budget wisely. The FAB loan calculator is a free online tool that lets you estimate your repayments before applying.
In this guide, we’ll explain:
- How the FAB loan calculator works
- Steps to use it for personal, car, and home loans
- A fully working loan calculator tool (try it below!)
- Key factors affecting your loan EMI
- FAQs on FAB loan calculations
How Does the FAB Loan Calculator Work?
The FAB loan calculator uses three key inputs to compute your EMI:
- Loan Amount: The total money you wish to borrow.
- Loan Tenure: Repayment period (in months/years).
- Interest Rate: FAB’s applicable rate based on loan type.
The calculator applies the EMI formula:
EMI = [P x R x (1+R)^N] / [(1+R)^N-1]
Where:
- P = Loan Principal
- R = Monthly Interest Rate (Annual Rate ÷ 12)
- N = Loan Tenure in Months
FAB Loan Calculator
FAB Loan Calculator
Estimate your monthly payments instantly
Note: You can use FAB's Official Loan Calculator here.
Types of FAB Loans You Can Calculate
1. FAB Personal Loan Calculator
- Loan Amount: Up to AED 4 million
- Tenure: 12 to 60 months
- Interest Rate: Starting from 5.99% p.a.
2. FAB Car Loan Calculator
- Loan Amount: Up to 80% of car value
- Tenure: 1 to 5 years
- Interest Rate: Competitive rates based on model
3. FAB Home Loan Calculator
- Loan Amount: Up to 80% of property value
- Tenure: Up to 25 years
- Interest Rate: Variable or fixed rates available
5 Frequently Asked Questions (FAQs)
1. Is the FAB loan calculator accurate?
Yes, but final EMIs may vary based on credit score and bank policies.
2. Can I use the FAB loan calculator for Islamic loans?
Yes, FAB offers Sharia-compliant financing with separate calculators.
3. Does FAB charge prepayment penalties?
Some loans have early settlement fees; check terms before applying.
4. How can I reduce my EMI?
Opt for a longer tenure or increase down payment to lower EMIs.
5. Where can I find FAB’s official loan calculator?
You can directly access the official loan calculator here
Conclusion
The FAB loan calculator helps you plan your finances by estimating EMIs before borrowing. Whether you need a personal, car, or home loan, use our interactive calculator or FAB’s official tool for precise results.
