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Dubai Islamic Bank Al Islami Home Finance for UAE Nationals

Dubai Islamic Bank Bank

Al Islami Home Finance for UAE Nationals

Minimum Salary

AED 7K

Flat Rate

1.79%

Reducing Rate

3.24%

Loan Amount

AED 50000K

Early Settlement Fee

1%

Arrangement Fee

0%

Down Payment

15%

Repayments Up To

25 Years

Advantages

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

AED 7K

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

15%

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

View details on bank page

Features

  • Provides high loan amounts
  • Both self-employed and salaried individuals are eligible
  • Age limit of 20-70 years are eligible
  • Minimum salary of AED 7000 is required
  • The flat interest rate on this loan is 1.79%
  • The reducing interest rate of this finance is 3.24%
  • The loan is provided on the maximum tenure of 25 years
  • No processing fees are charged
  • Maximum finance of AED 50000000 is provided
  • Down payment of 20% is required
  • 1% of the total loan amount is charged as early settlement fees

Benefits

  • 80% of property value is provided as loan amount on
  • 0% of processing fees are charged
  • Salary transfer to DIB account is not mandatory
  • Provides loan for both residential and commercial property
  • Islamic insurance is offered
  • Very low-profit rates
  • Can add a co-applicant to increase the chance of eligibility

Frequently Asked Questions

⭐ Should I transfer my salary to Dubai Islamic Bank?

A. No, the salary transfer is not mandatory.

⭐ Is getting a insurance mandatory?

A. Yes, it is mandatory to get a life insurance and property insurance.

⭐ How much downpayment is required for self-employed individuals?

A. 20% of downpayment is required on residential properties.

⭐ How much finance is provided on commercial properties?

A. On commercial properties, 60% of property value is provided as finance.

⭐ Can I transfer my existing home loan to DIB?

A. Yes, you can avail Buyout loan facility and transfer your existing mortgage to DIB.

⭐ What is the processing fees for buyout home loan?

A. On buyout loans, there are no arrangement fees charged.

⭐ What is the maximum amount of finance provided by DIB Al Islami Home finance?

A. DIB provides the highest finance of AED 5000000 for Al Islami Home Finance.

⭐ Can I reschedule my loan tenure?

A. Yes, rescheduling the tenure of the loan is applicable in DIB.

⭐ What is the minimum salary required for home finance at DIB?

A. Minimum salary of AED 7000 is required to be eligible for DIB Home finance.

⭐ Does DIB follow commercial banking principles or Islamic banking principles on home loans?

A. As the name suggests, DIB Al Islami Home Finance follows takaful laws.

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