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.

0 People rated this page

Dubai Islamic Bank Liability Settlement Finance for UAE Nationals

Dubai Islamic Bank Bank

Liability Settlement Finance for UAE Nationals

Minimum Salary

AED 3K

Flat Rate

6.06%

Reducing Rate

11%

Loan Amount

AED 4000K

Early Settlement Fee

1.05%

Arrangement Fee

AED 1050

Advantages

  • Can settle existing debts
  • Follows Sharia principles
  • High finance is provided
minimum salary

AED 3K

Minimum Salary

flat rate

6.06%

Flat Rate

reducing rate

11%

Reducing Rate

max finance

AED 4000K

Loan Amount

early settlement fee

1.05%

Early Settlement Fee

arrangement fee

AED 1050

Arrangement Fee

Advantages

  • Can settle existing debts
  • Follows Sharia principles
  • High finance is provided

View details on bank page

Features

  • Repayment period is up to 4 years
  • The rates applied will depend on the salary
  • Only UAE Nationals can apply for this scheme
  • Your debt liabilities are consolidated in one
  • The loan interest rates starts from 11% onwards up to 21.99% (reducing rate)
  • Minimum salary of AED 3000 is required
  • The reduction rate and the flat rate is 11% and 6.06%. This denotes that the computation done was a division of the reduction rate by 1.814
  • It is mandatory to transfer your salary to apply for this scheme
  • Customers who can transfer their salary to DIB can request installment postponement through the DIB alt phone banking service.
  • Finance up to AED 4,000,000
  • Early settlement fee is 1.05% of finance amount
  • Arrangement fee is AED 1050

Benefits

  • Repayment period is long
  • High loan amount is provided
  • Dedicated Manager will assist you throughout the process
  • Processing is quick

Overview

  • Can settle existing debts
  • Only UAE nationals are eligible
  • Salary transfer is mandatory
  • Can get finance based on sharia principles
  • Interest rates are based on the applicant’s profile

Frequently Asked Questions

⭐ My loan application got approved, but I want to cancel it now. Is there any chance I can cancel it?

A. Yes, you can pay the cancellation fees and cancel your approved loan.

⭐ Do I need to pay any interest even if I cancel my loan?

A. Yes, you need to pay the interest calculated from the date of loan credited to your account to the cancellation date.

⭐ What if I don’t have a checkbook, how do I give post dated cheques to the bank?

A. Once your loan is approved you will be provided with a bank account and a checkbook.

⭐ Are only existing Dubai Islamic bank customers eligible for the liability finance?

A. No, even new customers are eligible to apply for Liability Settlement Finance in Dubai Islamic bank.

⭐ My company is not listed on the bank. Can I get a loan from Dubai Islamic Bank?

A. No, for Liability Settlement Finance in Dubai Islamic bank, your salary needs to be transferred to the Dubai Islamic bank account only.

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

×

Free for Life Cashback Card with 20% Cashback*