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Dubai Islamic Bank Al Islami SUKUK Finance for Expats
Features
- Repayment period is up to 4 years
- The rates applied will depend on the salary
- The loan is provided for a interest rate of 8.99%
- Minimum salary of AED 5,000 is required
- The reduction rate and the flat rate is 8.99% and 4.99%. This denotes that the computation done was a division of the reduction rate by 1.834
- It is mandatory to transfer your salary to apply for this scheme
- Finance up to AED 2,000,000
- Early settlement fee is 1% of finance amount
- Arrangement fee is AED 1000
Benefits
- Finance is provided for sharia-compliant goods
- Repayment period is long
- High loan amount is provided
- Dedicated Manager will assist you throughout the process
- Processing is quick
Frequently Asked Questions
⭐ Copy of what all documents do we need to provide to apply for this finance?
A. Copy of passport, residence visa and valid trade license should be provided to the bank while applying for this finance.
⭐ How can I qualify for a personal loan in Dubai Islamic bank?
A. Your eligibility completely depends on your income, credit history, debt obligations and monthly cash flow.
⭐ How is the personal loan amount and interest rate determined for your finance in Dubai Islamic bank?
A. Loan amount and interest rates are determined on the basis of your income and credit history.
⭐ If I earn less than minimum salary required. Will Dubai Islamic bank consider my application?
A. If you have good credit history and you can afford to live and repay the money you have borrowed then your application can be considered.
⭐ For what all purpose will I need personal loan in Dubai Islamic bank?
A. You may need Dubai Islamic personal loan for following reasons:
1. Wedding
2. Holiday
3. Medical Expenses
4. Home refurbishment
5. Starting a business
6. Credit card payment
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