DIB Personal Loan-Dubai Islamic Bank Dubai Islamic Bank (DIB) is the world’s first full-fledged Islamic bank. It was established in the year...
Showing posts with label PERSONAL LOAN. Show all posts
Showing posts with label PERSONAL LOAN. Show all posts
Tuesday, 21 April 2015
Subscribe to:
Posts (Atom)
PERSONAL LOAN
DIB Personal Loan-Dubai Islamic Bank
Dubai Islamic Bank (DIB) is the world’s first full-fledged Islamic bank. It was established in the year 1975 and has now around 32 years of experience in Banking. As of 2006 records, it is the sixth largest commercial bank and the largest Islamic bank in the UAE in terms of total assets.
Dubai Islamic Bank personal loan
Let’s have a closer look at the Features of the Dubai Islamic Bank Personal loan. The loan can be used to buy furniture, vehicles, electronics etc.
Dubai Islamic Bank personal loan requirements and Features:
- Maximum Term : 48 Months
- Minimum Salary: AED 3000
- Islamic Finance: Yes
- Early Settlement Charges: 0%
- Salary transfer: Yes, If Salary transfer is not opted for, the person applying for the loan should have a minimum salary of AED6000 to AED8000.
- Profit Rate 8.82%
- Early Settlement Charges- 0%
- Maximum Finance Amount- Up to AED 125,000
- Upfront Fee AED 600-The arrangement fee will be a fixed aount between AED600 and AED800
- Rate calculation :Reducing/Flat Reducing
The dubai islamic bank personal loan interest rate is calculated on a reducing basis
Dubai Islamic Bank personal loan minimum salary
- AED 3,000
Major Benefits
Customer receives upfront cash payment and moreover there is no early settlement fee.
Documents required for personal loan
- Copy of Passport (with Residence visa for expatriates)
- Salary and the End of Service Benefit Transfer Letter/Certificate from the employer
- Statement of Account for minimum 3 months if the salary is transferred to another bank (6 months for self employed professionals/ businessmen)
- Copy of valid trade license (for self employed professionals/businessmen)
Dubai Islamic bank personal loan details
The Dubai Islamic Bank Personal Finance offers
This product allows the customer access to cash. It is basically a sales contract wherein the Bank pays the price in advance, and the customer delivers the goods with certain specifications and certain quantity on agreed future dates.
The Bank offers support to buy commonly used goods.
The Bank also offers some services like
- Rent In Advance
- Medical Finance
- Travel Finance
- Education Finance
- Wedding Finance
Please find the featuers specified from the below link
Personal Loans Details -Dubai Islamic Bank -Without Salary Transfer
Features
- Maximum Loan Tenure-36 Months
- Minimum Monthly Income/Salary-8000 AED
- Profession-Salaried
- Salary Transfer Mandatory-No
- Minimum Tenure in Employment-6 Months
- Charges
- Processing Fee -500 AED
Personal Loans Details -Dubai Islamic Bank – With Salary Transfer
Interest/Profit Rate -6 %
Features
- Maximum Loan Amount-200000 AED
- Maximum Loan Tenure-48 Months
- Minimum Monthly Income/Salary-3000 AED
- Profession-Salaried
- Salary Transfer Mandatory-Yes
- Minimum Tenure in Employment-6 Months
- Charges
- Processing Fee-500 AED
Links to branches of Dubai Islamic Bank in UAE
Below is a link to the general rules and regulations in Banking:
For more information on Dubai Islamic Bank,
Subscribe to:
Posts
(
Atom
)
Follow Us