Multi Finance Solutions
| 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 | Aiming to consolidate or restructure finances, with salary transferred to DIB. Final approval after bank reviews existing debts. |
| Minimum Loan Amount | AED 20,000.00 |
| 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 rates begin around 7% reducing, adjusted by total liabilities & credit score. |
| Processing Fee: | 1.05% - 1.05% of the finance amount (min AED 520), covering due diligence & document prep. |
| Early Settlement Fee: | 1.00% - 1% of outstanding finance if settled early, up to a certain limit. |
| Late Payment Fee: | 175.00% - Donation-based penalty for tardy installments, adhering to Islamic guidelines. |
| Insurance Fee: | N/A - Takaful may be offered to cover the financed amount. Terms vary by applicant. |
Required Documents
Official settlement instructions, existing liability proofs, standard ID & salary paperwork.
Features:
Consolidates or restructures multiple DIB or external obligations into a single Sharia-compliant facility, often with extra top-up.
General Notes
Similar to Liability Consolidation, but focuses on broader multi-liability solutions with possible extra finance if eligible.
