1 Compare
2 Apply
Dubai Islamic Bank
Personal Finance – Buyout
Fees & Charges
| Processing Fees | 1 % |
| Minimum Fees | AED 500 |
| Fee Cap | AED 2,500 |
| Early Settlement Fees | 1 % |
| Early Settlement Fees Cap | AED 10,000 |
Profit Rate
| Profit Rate - Emarati | Starting from 5.99%* |
| Profit Rate - Expats | Starting from 6.00%* |
| Rate Structure | Reducing |
Disclaimer
The actual applicable profit rate for each customer will be based on the customer eligibility. The Final terms of finance facility will be included in the facility offer letter.
General Product Features
| Residency Type | Only Residents |
| Minimum Length of Service | 6 Months |
| Employment Type | Salaried |
| Minimum Salary/Income - Emarati | AED 6,000 |
| Minimum Salary/Income - Expat | AED 8,000 |
| Maximum Age - Emarati | 65 Years |
| Maximum Age - Expat | 60 Years |
Details Product Features
| Finance Type | Islamic |
| Isalmic Contract Type | Murabaha |
| Specific to City | All Areas in UAE |
| Minimum Finance Amount - Emarati | AED 30,000 |
| Maximum Finance Amount - Emarati | AED 4,000,000 |
| Minimum Finance Amount - Expats | AED 30,000 |
| Maximum Finance Amount - Expats | AED 2,000,000 |
| Minimum Tenor | 6 |
| Maximum Tenor | 48 |
| Grace Period - Emarati (Days till first installment ) | 120 Days |
| Grace Period - Expats (Days till first installment ) | 90 Days |
| Maximum Salary Multiples | 20 Multiples Monthly |
| Allow Consolidation | Allowed |
Dubai Islamic Bank brings a wide range of products and services to provide you with the financial solutions that suit your needs. Whether it is to meet your cash needs, buying out your existing finance from another bank or acquiring goods and services of your choice. Al Islami Personal Finance from DIB is always there to help you meet all your urgent financial and cash needs in a Sharia-compliant manner.
Benefits:
- High finance amount of up to 2 million for Expats and up to 4 million for UAE Nationals
- Competitive profit rates
- Flexible, extended repayment periods of up to 4 years
- 1st instalment – up to 120 days
- Simple, quick approval process
- Can be used consolidate all debts into an easy payment plan involving the same instalment every month
- External credit cards can be paid off for a lower monthly payment
- Payment holiday/deferment option
- Nominal processing fees
- Shari'a compliant, Islamic principle - Murabaha based product
CONNECT WITH US
Connect with us for free consultation and all your queries and concerns with our professional and highly skills professionals
