Check Eligibility for Dubai Islamic
Car Loan

You are eligible to apply for a Dubai Islamic
Car Loan .

You may not be eligible * to apply.

* Minimum salary AED 3000 required to apply for a Dubai Islamic Car Loan .

*No loan for :User_Nationality available in this page

Click here to check from other banks.

Dubai Islamic Car Loan Calculator

Car Loan Provided By Dubai Islamic

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Check Eligibility for Dubai Islamic Car Loan

You are eligible to apply for a Dubai Islamic
Car Loan .

You may not be eligible * to apply.

* Minimum salary AED 3000 required to apply for a Dubai Islamic Car Loan .

Click here to check loans from other banks.

Dubai Islamic Car Loan Calculator

Features of Dubai Islamic Car Loan

  • Finance available for used and new cars
  • Repayment tenures of up to 5 years
  • Salary Transfer not Mandatory
  • Low minimum monthly income requirement

High Loan Amounts:

  • Upto AED 1.5 million for individuals
  • Upto AED 5 million for non-individuals

Eligibility Criteria of Dubai Islamic Car Loan

  • Minimum Monthly Salary: AED 3000
  • Minimum Age: 21 years
  • Maximum Age: 65 years (60 years for expatriates)

Documents Required of Dubai Islamic Car Loan

  • Personal bank account statements
  • Salary Certificate (For Salaried)
  • Trade License/Partnership Agreement (For Self Employed)
  • Valid passport/Khulasat Al Qaid (For UAE nationals)
  • Valid Emirates ID (For UAE Nationals)
  • Valid Residence Visa (For expatriates)
  • Quotation from seller

Note: Additional documents may be required depending upon the eligibility and type of loans being procured. Contact your nearest branch for details.

Dubai Islamic Car Loan Profit Rates

Dubai Islamic Bank

3 Dubai Islamic Bank Car Loans

Al Islami Used Car Finance

Minimum Salary

AED 3K

Flat Rate

2.75%

Reducing Rate

5.19%

Loan Amount

AED 1500K

Early Settlement Fee

1%

Arrangement Fee

AED 2500

Down Payment

20%

minimum salary

AED 3K

Minimum Salary

flat rate

2.75%

Flat Rate

reducing rate

5.19%

Reducing Rate

loan amount

AED 1500K

Loan Amount

early settlement fee

1%

Early Settlement Fee

arrangement fee

AED 2500

Arrangement Fee

down payment

20%

Down Payment

Features

  • Repayment period is up to 60 months
  • Interest rate for the given finance is 2.75%
  • Minimum salary requirement is AED 3,000
Apply Now

Features

  • Repayment period is up to 60 months
  • Interest rate for the given finance is 2.75%
  • Minimum salary requirement is AED 3,000
  • The reducing rate and the flat rate is 5.19% and 2.75%. 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 1,500,000 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

Benefits

  • 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
Apply Now
View Details

View details on bank page

Al Islami New Car Finance

Minimum Salary

AED 3K

Flat Rate

2.35%

Reducing Rate

4.42%

Loan Amount

AED 1500K

Early Settlement Fee

1%

Arrangement Fee

AED 2500

Down Payment

20%

minimum salary

AED 3K

Minimum Salary

flat rate

2.35%

Flat Rate

reducing rate

4.42%

Reducing Rate

loan amount

AED 1500K

Loan Amount

early settlement fee

1%

Early Settlement Fee

arrangement fee

AED 2500

Arrangement Fee

down payment

20%

Down Payment

Features

  • Repayment period is up to 60 months
  • Interest rate for the given finance is 2.35%
  • Minimum salary requirement is AED 3,000
Apply Now

Features

  • Repayment period is up to 60 months
  • Interest rate for the given finance is 2.35%
  • Minimum salary requirement is AED 3,000
  • The reducing rate and the flat rate is 4.42% and 2.35%. 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 1,500,000 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

Benefits

  • 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
Apply Now
View Details

View details on bank page

Step up Finance

Minimum Salary

AED 3K

Flat Rate

3.25%

Reducing Rate

6.11%

Loan Amount

AED 500K

Early Settlement Fee

1%

Arrangement Fee

AED 2500

Down Payment

20%

minimum salary

AED 3K

Minimum Salary

flat rate

3.25%

Flat Rate

reducing rate

6.11%

Reducing Rate

loan amount

AED 500K

Loan Amount

early settlement fee

1%

Early Settlement Fee

arrangement fee

AED 2500

Arrangement Fee

down payment

20%

Down Payment

Features

  • Repayment period is up to 60 months
  • Interest rate for the given finance is 3.25%
  • Minimum salary requirement is AED 3,000
Apply Now

Features

  • Repayment period is up to 60 months
  • Interest rate for the given finance is 3.25%
  • Minimum salary requirement is AED 3,000
  • 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

Benefits

  • 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
Apply Now
View Details

View details on bank page

About 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 Customer Care

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