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Other Home Loans From Dubai Islamic Bank
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.
Dubai Islamic Bank Al Islami Home Finance for Expats
Al Islami Home Finance for Expats
- 0% processing fees
- Salary transfer is not required
- Can add a co-applicant to improve eligibility
- Both self-employed and salaried individuals are eligible Age limit of 21-64 years are eligible
- Minimum salary of AED 15000 is required
- Finance is provided at a flat rate of 1.79%
- Finance is provided at a reducing rate of 3.24%
- Salary transfer is not required
- Maximum tenure provided is 25 years
- No processing fees are charged
- Maximum finance of AED 50000000 is provided
- 25% of property value should be paid as down payment
- 1% of the loan amount is charged as early settlement fees
- Low-profit rates
- 0% of processing fees are charged
- 75% of property value is provided as the loan amount
- Salary transfer to DIB account is not mandatory
- Provides loan for both residential and commercial property
- Islamic insurance is offered
- Can add a co-applicant to increase the chances of eligibility
Frequently Asked Questions
⭐ Is salary transfer to DIB account mandatory?
A. No, the salary transfer is not mandatory.
⭐ What are the fees associated with buyout loan?
A. There are NO arrangement fees for buyout loans.
⭐ Can I get a loan on commercial property?
A. Yes, loan on commercial properties is provided.
⭐ How much downpayment is required for self-employed individuals?
A. 25% of downpayment is required on residential properties.
⭐ I’m self-employed. Am I eligible for DIB home finance?
A. Yes, Self-employed individuals are eligible to apply for home finance in DIB.
⭐ What is the length of business required to be eligible for DIB home finance?
A. Minimum 3 years of length of business is required to be eligible for a home finance in DIB.
⭐ What is the maximum tenure DIB home finance is offered for?
A. DIB Al Islami Home finance is provided for a loan period of 25 years.
⭐ How are the profit rates provided?
A. Profit rates at Dubai Islamic bank are provided on the basis of EIBOR.
⭐ Is trade license a mandatory document for self-employed?
A. Yes, trade license is a mandatory document for self-employed individuals.
⭐ What are the best home loans available in Dubai?
A. You can check the besthome loan Dubaihere.
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