Credit Bureau Consent, Welcome Offer & General Terms & Conditions
I hereby acknowledge and agree to allow Citibank to share my details with any UAE credit bureau and make enquiries about me with any UAE credit bureau at its sole and absolute discretion. I agree to the Terms and Conditions listed below. Citibank Terms and Conditions apply, are subject to change without prior notice and are available upon request. For the current Terms and Conditions, please visit our website www.citibank.ae. All offers are made available on a best-effort basis and at the sole discretion of Citibank, N.A. Citibank, N.A. makes no warranties and assumes no liability or responsibility with respect to the products and services provided by partners/other entities. By inquiring about our services, offers or products, you will be authorizing our representatives to approach you on your contact details including your telephone/mobile number for any product or service offered by Citibank. The applicant agrees to be bound by Citibank’s General Terms and Conditions available on the website www.citibank.ae. The applicant hereby represents and warrants that the information provided herein is true, accurate, and complete and that he/she agrees to remain responsible for and to indemnify Citibank, N.A. from and against any losses, claims and/or liabilities incurred by Citibank NA as a result of having relied on such information. Citibank, N.A. is not required to verify the information provided by the applicant and neither is the bank obliged to provide the applicant with any loans or credit facilities based on the provided information. The products and services mentioned on this website are not offered to individuals resident in the European Union, European Economic Area, Switzerland, Guernsey, Jersey, Monaco, San Marino, Vatican, The Isle of Man or the UK. This page is not, and should not be construed as, an offer, invitation or solicitation to buy or sell any of the products and services mentioned herein to such individuals.
Dubai Islamic Bank Step up Finance
Step up Finance
Features
- Repayment period is up to 60 months
- Interest rate for the given finance is 3.25%
- Minimum salary requirement is AED 3,000
- The reducing rate and the flat rate is 6.11% and 3.25%. This denotes that the computation done was a division of the reduction rate by 1.815
- No salary transfer is required
- Maximum loan amount is AED 500,000 that Dubai Islamic bank can provide
- Early settlement fee is 1% of the finance amount
- Processing fee is AED 2500
- About 20% down payment is required for this finance
Benefits
- High finance amount and low minimum salary requirement is there for given finance
- Finance can be provided for new as well as used cars
- Maximum repayment period is of 60 months
- Approval is quick
- Documentation is simple
- Minimum salary requirement is low
- Finance up to 80% of the car price
- Dubai Islamic bank provides option of financing other accessories and insurance
Frequently Asked Questions
⭐ Do the salaried individuals get to pay different down payment rates?
A. No, as per Central bank everyone has to pay minimum 20% down payment.
⭐ What is the minimum length of service required to apply for auto finance in Dubai Islamic bank?
A. You need to have at least one month length of service with same salary.
⭐ Who all are eligible for auto finance in Dubai Islamic bank?
A. Following are eligible to apply for auto finance:
1. Self employed
2. Salaried customers
3. Companies
⭐ What is the maximum Debit Service Ratio required to apply for auto finance in Dubai Islamic bank?
A. As per Central Bank, maximum Debit Service Ratio required is 50%.
⭐ Does Dubai Islamic Bank finance old models of vehicles?
A. Dubai Islamic Bank can finance up to 10 years old model.
Dubai Islamic
Dubai Islamic Bank (DIB), established in 1975 is the pioneer of Islamic banking that has seen a phenomenal growth. The Bank since inception has remained customer-centric organization, where honesty and customized personal service form the basis of all relationships. Though sticking to its root traditions, the bank equally blends with the commitment of innovation, flexibility, and modernity. Every customer of the bank is provided with comprehensive solutions for any financial need.
The bank works with the vision of providing unsurpassed customer service and becoming the world’s largest Islamic banking corporation.
Get in touch with Dubai Islamic Bank Customer Care