Popular Car Loans
Other Car Loans From Dubai Islamic Bank
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Dubai Islamic Bank Al Islami Auto Ijara
This product is discontinued by the Bank
Al Islami Auto Ijara
- Repayment period is up to 60 months
- Interest rate for the given finance is 3.5%
- Minimum salary requirement is AED 3,000
- The reducing rate and the flat rate is 6.58% and 3.5%. 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 1,000,000 that Dubai Islamic bank can provide
- Early settlement fee is 1% of the finance amount
- Processing fee is AED 750
- About 20% down payment is required for this finance
- 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
⭐ Why is it advised to refinance your existing car loan?
A. It is advised to refinance your existing car loan as you get advantage of lowering interest rates and monthly payments.
⭐ While applying for car loan on the approved auto deals, what can be the validity for credit approval of loan?
A. The validity of credit approval is 60 days in Dubai Islamic bank.
⭐ Do I have to pay any pre-payment penalty on my car loan?
A. No, in Dubai Islamic bank, you don’t have to pay any pre-payment penalty.
⭐ What if I am on social security, can I still be provided with loan?
A. Yes, Dubai Islamic Bank does provide loan to people on social security.
⭐ Does Dubai Islamic Bank finance old models of vehicles?
A. Dubai Islamic Bank can finance up to 10 years old model.
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