Popular Car Loans
Other Car Loans From Dubai Islamic Bank
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Dubai Islamic Bank Balloon Finance
This product is discontinued by the Bank
- Repayment period is up to 60 months
- Interest rate for the given finance is 3.25%
- Minimum salary requirement is AED 5,000
- 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
- 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
⭐ Does Dubai Islamic bank provide insurance for the given car loan?
A. Dubai Islamic bank provides up to 10% of the car price.
⭐ Can I sell my car before the end of car finance agreement?
A. Contact Dubai Islamic bank call centre and repay the balance amount.
⭐ What is the eligibility criteria to apply for car loan in Dubai Islamic bank?
A. You need to have valid driving license, should be above 18 years of age and should have good credit history.
⭐ Can I negotiate loan amount in Dubai Islamic Bank?
A. Yes, if you have good credit history then you can negotiate loan amount with bank.
⭐ Do I need to provide collateral to apply for car loan in Dubai Islamic bank?
A. No, as long as you have good credit history and your monthly income meets our given criteria, you don’t have to provide collateral in 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.
Get in touch with Dubai Islamic Bank Customer Care