Al Islami New Car Finance

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 %

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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.