Check Eligibility for Dubai Islamic
Personal Loan

You are eligible to apply for a Dubai Islamic
Personal Loan .

You may not be eligible * to apply.

* Minimum salary AED 3000 required to apply for a Dubai Islamic Personal Loan .

Click here to check loans from other banks.

Dubai Islamic Personal Loan Calculator

Personal Loan Provided By Dubai Islamic Bank

Dubai Islamic Personal Loan Details
Minimum Salary AED 3000 - AED 50000 per month (depends on the nationality and type of loan)
Profit Rates Flat rate: 6% - 11% | Reducing rate: 11% - 20%
Maximum Loan Amount AED 350K - AED 4000K(depends on the nationality and type of loan)
Early Settlement Fees 1% of the outstanding amount
Arrangement Fees 1% of the approved loan amount
Tenure 36 - 48 months
Age 21 - 60 years(Expats) & 65 years(UAE Nationals)

Features of Dubai Islamic Personal Loan

Personal loans offered by DIB will help you meet your financial requirements in a Shariah-compliant manner. They offer a huge variety of options for personal finance:

DIB Al Islami Personal Finance

With low salary requirement, simple documentation, fast processing and no mandatory requirement of salary transfer, Al Islami Personal finance are hugely popular among people looking for Shariah-compliant loans.

UAE Nationals
  • Maximum loan amount : AED 4,000,000
  • Tenor : 48 months
  • Minimum salary requirement : AED 3000
Expatriates
  • Maximum loan amount : AED 2,000,000
  • Tenor : 48 months
  • Minimum salary requirement : AED 3000

DIB Goods Murabaha

If you are looking for a loan to buy furniture or electronics, the DIB’s Goods Murabaha is the best option for you. They purchase the goods required by you, provided they are Shariah-compliant goods, and sell them to you. The repayment is done in installments over a maximum tenure of 48 months. The other features being similar to Personal Finance by DIB, Goods Murabaha is specifically targeted towards helping you change your lifestyle.

DIB Liability Settlement Finance

Tired of managing multiple installments? Combine all your payment obligations into one easy finance solution – Liability Settlement Finance. The key features are:

  • Higher finance amount - AED 3 million for UAE nationals, AED 2 million for expats
  • Reduced monthly payments
  • Competitive profit rate – in accordance with the Shariah contract
  • Simple documentation and quick processing

DIB Services Ijarah

DIB also offers personal finance for specific needs in your life like:

  • Rent in advance – DIB arranges to rent the property of your choice and makes it available to you.
  • Medical Finance – DIB arranges the required medical service / treatment
  • Travel Finance – DIB finances your dream vacation
  • Education Finance – finance for the best education for your children
  • Wedding Finance – get finance for all the expenses for your wedding

A quotation for the required services needs to be submitted to the bank along with the required documents for approval.

DIB also offers 2 months paid holiday on Personal Finance for salary transfer customers without any additional fees.

Eligibility Criteria of Dubai Islamic Personal Loan

  • Minimum salary of AED 3000 is required
  • Both UAE Nationals and Expats are eligible
  • Even self-employed individuals are eligible

Check here for the Eligibility Criteria of Dubai Islamic Bank Personal Loan

Documents Required of Dubai Islamic Personal Loan

  • Copy of Passport (with Residence visa for expatriates)
  • Copy of Emirates ID
  • Salary and the End of Service Benefit Transfer Letter/Certificate from the employer
  • Statement of Account for minimum 3 months if the salary is transferred to another bank (6 months for self-employed professionals/ businessmen)
  • Copy of valid trade license (for self-employed professionals/businessmen)

Dubai Islamic Bank Personal Loan Profit Rates

dubai-islamic-bank Bank

7 Personal Loan Provided By Dubai Islamic Bank

Al Islami Goods Finance for UAE Nationals

Minimum Salary

AED 3K

Flat Rate

6%

Reducing Rate

11%

Loan Amount

AED 4000K

Early Settlement Fee

1%

Arrangement Fee

AED 1000

AED 3K

Minimum Salary

6%

Flat Rate

11%

Reducing Rate

AED 4000K

Loan Amount

1%

Early Settlement Fee

AED 1000

Arrangement Fee

Al Islami Services Ijarah for UAE Nationals

Minimum Salary

AED 3K

Flat Rate

6%

Reducing Rate

11%

Loan Amount

AED 4000K

Early Settlement Fee

1%

Arrangement Fee

AED 1000

AED 3K

Minimum Salary

6%

Flat Rate

11%

Reducing Rate

AED 4000K

Loan Amount

1%

Early Settlement Fee

AED 1000

Arrangement Fee

Liability Settlement Finance for UAE Nationals

Minimum Salary

AED 3K

Flat Rate

6%

Reducing Rate

11%

Loan Amount

AED 3000K

Early Settlement Fee

1%

Arrangement Fee

AED 1000

AED 3K

Minimum Salary

6%

Flat Rate

11%

Reducing Rate

AED 3000K

Loan Amount

1%

Early Settlement Fee

AED 1000

Arrangement Fee

Liability Settlement Finance for expats

Minimum Salary

AED 3K

Flat Rate

6%

Reducing Rate

11%

Loan Amount

AED 2000K

Early Settlement Fee

1%

Arrangement Fee

AED 1000

AED 3K

Minimum Salary

6%

Flat Rate

11%

Reducing Rate

AED 2000K

Loan Amount

1%

Early Settlement Fee

AED 1000

Arrangement Fee

Al Islami Goods Finance for Expats

Minimum Salary

AED 3K

Flat Rate

6%

Reducing Rate

11%

Loan Amount

AED 2000K

Early Settlement Fee

1%

Arrangement Fee

AED 1000

AED 3K

Minimum Salary

6%

Flat Rate

11%

Reducing Rate

AED 2000K

Loan Amount

1%

Early Settlement Fee

AED 1000

Arrangement Fee

Al Islami Services Ijarah for Expats

Minimum Salary

AED 3K

Flat Rate

6%

Reducing Rate

11%

Loan Amount

AED 2000K

Early Settlement Fee

1%

Arrangement Fee

AED 1000

AED 3K

Minimum Salary

6%

Flat Rate

11%

Reducing Rate

AED 2000K

Loan Amount

1%

Early Settlement Fee

AED 1000

Arrangement Fee

Al Islami Salam Finance for Self Employed

Minimum Salary

AED 50K

Flat Rate

11%

Reducing Rate

20%

Loan Amount

AED 350K

Early Settlement Fee

1%

Arrangement Fee

AED 1000

AED 50K

Minimum Salary

11%

Flat Rate

20%

Reducing Rate

AED 350K

Loan Amount

1%

Early Settlement Fee

AED 1000

Arrangement Fee

Frequently Asked Questions

Q. Can I postpone any installment payments?

A. You can skip maximum two installments annually.

Q. Is everyone eligible for skipping the monthly installment?

A. Only personal loan holders whose salary is being transferred to the DIB bank account are eligible to skip the mothly installments.

Q. Is salary transfer mandatory?

A. No, DIB provides personal loan without salary transfer also.

Q. How many months bank statements are required?

A. 3 months bank account statements for working individuals and 6 months statements for self-employed individuals is required.

Q. Is there any installment deferment fee?

A. No fees will be charged for delaying any installment payment.

Q. Is the personal loan provided based on the Sharia-compliant laws?

A. Yes, all the loans provided in DIB are based on Sharia-compliant laws.

Q. What are the charges on late payments?

A. AED 175 will be charged as the late payment fees.

Q. How do I cancel my approved personal loan?

A. You can visit the branch and request for cancellation of the loan. AED 100 will be charged as cancellation fees.

Q. Can the loan be rescheduled?

A. Yes, you can reschedule your loan by paying AED 100 as rescheduling charges.

Q. Can I clear my loan amount before the tenure?

A. Yes, but 1% of the outstanding loan amount is charged as early settlement fees

Q. What are the various personal loans available?

A. Several banks provide personal loans in UAE. You can check variouspersonal loan in UAEhere.

About Dubai Islamic Bank

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.

Check Eligibility for Dubai Islamic
Personal Loan

You are eligible to apply for a Dubai Islamic
Personal Loan .

You may not be eligible * to apply.

* Minimum salary AED 3000 required to apply for a Dubai Islamic Personal Loan .

Click here to check loans from other banks.

Dubai Islamic Personal Loan Calculator