Who can apply for the DIB Personal Finance Loan?
The benefits of lending DIB Personal Finance Loan are available to UAE nationals and expatriates who meet the eligibility criteria. Applicants must be legally employed in the UAE and receive a regular monthly income that meets the bank’s minimum requirement of AED 3,000.
Additionally, the benefits of lending DIB Personal Finance Loan extend to those transferring their salary to DIB, which can speed up the approval process and unlock better rates. Self-employed individuals may also apply with the right supporting documentation.
Requirements to qualify for the DIB Personal Finance Loan
✔ Minimum salary starting from only AED 3,000
✔ Copy of Passport (with residence visa for expatriates)
✔ Copy of Emirates ID
✔ Salary and End of Service Benefit Transfer Letter/Certificate from the employer
✔ Statement of Account for minimum 3 months in case of salary transfer to another bank (6 months for self-employed professionals/ businessmen)
✔ Copy of valid trade license (for self-employed professionals/businessmen)
✔ Minimum monthly salary of AED 15,000 transferred to DIB
✔ Under a Sharia-Compliant structure and documentation. Al Etihad Credit Bureau (AECB) consent form is mandatory
✔ Al Islami Personal Finance is offered to salaried customers. Salary transfer to DIB is not mandatory
A tip for you approve all of you benefits of lending DIB Personal Finance Loan!
At Utua, we suggest carefully reviewing the terms to make sure you fully understand the benefits of lending DIB Personal Finance Loan. This includes knowing the exact repayment timeline, any applicable fees, and the overall cost of financing.
Also, we recommend comparing your monthly financial obligations before borrowing. Even though the benefits of lending DIB Personal Finance Loanare many, it’s crucial to ensure the monthly installment won’t strain your budget.
Lastly, be honest with your financial expectations. One of the major benefits of lending DIB Personal Finance Loan is flexibility, use that to your advantage by choosing a loan amount and duration that truly match your needs and lifestyle.
What are the fees and interest rates for the DIB Personal Finance Loan?
Profit rates for this personal finance product start at 5.99% per annum and may vary depending on your profile and repayment term. These rates are highly competitive when compared to other personal finance options in the region.
You may also benefit from promotional rates if you’re transferring your salary to DIB or if you’re a long-term customer. Remember to ask about processing fees and early settlement options, some of which may carry additional charges.
All in all, the structure and flexibility of DIB Personal Finance Loan make it a compelling option. It’s fast, convenient, and backed by a reputable Islamic bank.
How to apply for the DIB Personal Finance Loan?
To apply for DIB Personal Finance Loan, visit the Dubai Islamic Bank website or head to a nearby branch. Fill in the application form, provide the required documents, and a representative will guide you through the next steps.
Click the button below to begin your application and take the first step toward achieving your financial goals with DIB Personal Finance Loan.