Dubai Islamic Bank Al Islami Home Finance for Expats

Dubai Islamic Bank Bank

WarningMessage This product is valid by the Bank

Al Islami Home Finance for Expats

minimun salary

Minimum Salary

AED 12K

flat rate

Flat Rate

1.79%

reducing rate

Reducing Rate

3.24%

max loan

Loan Amount

AED 50000K

early settlement fee

Early Settlement Fee

1%

arrangement fee

Arrangement Fee

0%

down payment

Down Payment

25%

repayment

Repayments Up To

25 Years

Advantages

  • 0% processing fees
  • Salary transfer is not required
  • Can add a co-applicant to improve eligibility
Apply Now
minimum salary

AED 12K

Minimum Salary

flat rate

1.79%

Flat Rate

reducing rate

3.24%

Reducing Rate

max finance

AED 50000K

Loan Amount

early settlement fee

1%

Early Settlement Fee

arrangement fee

0%

Arrangement Fee

down payment

25%

Down Payment

repayment

25 Years

Repayments Up To

Advantages

  • 0% processing fees
  • Salary transfer is not required
  • Can add a co-applicant to improve eligibility
Apply Now

View details on bank page

Features

  • 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

Benefits

  • 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

Q. Is salary transfer to DIB account mandatory?

A. No, the salary transfer is not mandatory.

Q. What are the fees associated with buyout loan?

A. There are NO arrangement fees for buyout loans.

Q. Can I get a loan on commercial property?

A. Yes, loan on commercial properties is provided.

Q. How much downpayment is required for self-employed individuals?

A. 25% of downpayment is required on residential properties.

Q. 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.

Q. 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.

Q. 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.

Q. How are the profit rates provided?

A. Profit rates at Dubai Islamic bank are provided on the basis of EIBOR.

Q. Is trade license a mandatory document for self-employed?

A. Yes, trade license is a mandatory document for self-employed individuals.

Q. What are the best home loans available in Dubai?

A. You can check the besthome loan Dubaihere.

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.

Ask questions and share your comments

We encourage our users to have discussion on questions they might have on financial products and help other users by sharing their insights. Kindly help us in making this site useful. We don't encourage any spam posts here. This is a public forum, so we request you to be safe by not disclosing personal information such as bank account or phone numbers etc. Please follow our posting guidelines. All the comments posted under MyMoneySouq official account are not reviewed by the financial institutions.