DIB Personal Finance (Sukuk-based)
| Islamic Finance | Yes |
| Minimum Salary | AED 3,000 |
| Minimum Age | 21 years |
| Maximum Age | 65 years |
| UAE Nationals Eligible | Yes |
| Expatriates Eligible | Yes |
| Salaried Eligible | Yes |
| Self-Employed Eligible | No |
| Salary Transfer Required | Yes |
| Employment Criteria | Generally requires salary transfer to DIB; final approval subject to credit assessment. |
| Minimum Loan Amount | AED 10,000.00 |
| Maximum Loan Amount | AED 4,000,000.00 |
| Minimum Loan Tenure | 12 months |
| Maximum Loan Tenure | 48 months |
| Flat Interest Rate: | N/A |
| Reducing Interest Rate: | 7.00% - Profit rate typically starts around 7% (reducing) and may vary depending on salary, credit history, etc. |
| Processing Fee: | 1.05% - Due diligence & documentation fee of 1.05% of the finance amount (minimum AED 520). |
| Early Settlement Fee: | 1.00% - 1% of outstanding balance, subject to the bank’s policies and any cap. |
| Late Payment Fee: | 175.00% - AED 175 donation to charity (in line with Sharia principles) charged upon late payment. |
| Insurance Fee: | N/A - Takaful (insurance) coverage details differ; consult bank for exact pricing or coverage. |
Required Documents
Emirates ID, valid passport/visa copy, salary certificate or salary transfer letter, bank statements as needed.
Features:
Sharia-compliant (Sukuk purchase and sale). Flexible repayment plans, potential high financing limits.
General Notes
APR ranges from around 7.21% to 21.96% depending on applicant profile.
