Al Islami New Car Finance Dubai Islamic Bank (DIB)
Min. salary
AED 3,000
Reducing / Flat
4.42% / 2.35%
Down Payment
20%
Whether you're buying your first car or investing in a fleet of vehicles, our wide range of finance plans and payment options suit every personal and commercial need.
Max Amount
AED 1,500,000
Arrangement Fee
2500.00%
Early Settlement Fee
1.00 %
Apply online now
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Unique Features
- Financing amount of up to 80% of your car value.
- The tenor of up to 60 months.
- Available for new & used cars.
- Salary transfer not required.
- Competitive profit rates starting from 3.50% p.a.
- Processing fee for due diligence & documentation: AED 750
- Early settlement charges: 1% of the remaining balance.
Eligibility
- Minimum salary requirement is AED 3000.
- Available for business and personal (salaried and self-employed), for new and used cars, passenger vehicles, buses, heavy machinery, trucks.
Documents required
- Personal / Business Bank Statements.
- Salary Certificate / Payslips.
- Passport/Khulasat al Khaid copy.
- Valid Visa (Expatriate customers).
- Emirates ID Card.
- Quotation for the vehicle being purchased.
- Trade License / Memorandum of Association/ Partnership Agreement.