Dubai Islamic Bank Car Loan

DIB auto loan is one of the prominent services of the bank, designed to assist you in financing your dream car. Here is what makes it exceptional:

• Simple documentation
• An easy application process
• Flexible payment tenure, and more

Whether you are thinking of purchasing a new car or a used one, DIB auto loan is here to help you drive into the future with ease. Let’s delve deeper and understand how the bank helps you in financing your car.

Top Car Loan Plans in Dubai

Dubai Islamic Bank Car Loan: Overview

Whether you want to buy a new or a used car, a DIB car loan can make the process smooth and streamlined. With a variety of distinct loan options, the bank caters to the diverse needs of individuals and businesses.

This is how the DIB auto loan works for you:

• No upfront strain: This enables you to buy a car without paying the full upfront cost
• Tailored solutions: DIB covers the car cost and allows you to pay for it over a flexible tenure. This means you can enjoy the comfort of a car without straining your lifetime savings
• Unmatched privileges: Not just that, you can get several privileges, such as basic eligibility requirements, easy accessibility, robust customer support, and more

Types of DIB Auto Loans

We have curated the list of car loans offered by Dubai Islamic Bank:

DIB Car Loans	Specifications
DIB Access	For different types of vehicles Digital application process Exclusive discounts through mobility partner
Electric Vehicle Finance	For new and used cars Installment deferment via DIB alt phone banking No salary transfer  Completely digital
Al Islami Auto Finance	Available for new and used cars Flexible loan tenure, up to 60 months Installment deferment through phone banking
Auto Finance for Self-employed	Ideal for self-employed Ideal for new and used cars Loan tenure of up to 60 months Auto finance for up to AED 1.5 million
Auto Finance for Commercial Vehicles	Lower monthly installments Available for new and used cars Financing up to AED 8 million Up to 60 months of loan tenure

Features and Benefits of DIB Auto Loan 

The key features and benefits of a Dubai Islamic Bank car loan are mentioned below: 

• No salary transfer is required
• Comprehensive car loan options
• Car loan for new and used cars
• High auto financing, up to AED 1 million for individuals and AED 8 million for businesses
• Flexible loan tenure, up to 60 months
• Convenient auto finance with Al Islami Auto Finance staff and online channels
• Benefit from a flat rate starting from 2.15% p.a. and a reducing rate from 3.93% p.a 
• Easy and hassle-free documentation process 
• Involuntary loss of employment (ILOE) coverage for up to 6 months

Eligibility Criteria for Dubai Islamic Bank Car Loan

To apply for a DIB car loan, you need to meet the following requirements:

Requirements	Specifications
Eligibility Criteria	Min. salary- AED 5,000 Employment status- Salaried and self-employed  Nationality: UAE nationals and expats
Documents	Passport  Bank statements Salary certificate or payslips Valid visa  Emirates ID  Car quotation  Trade license/Memorandum of association/Partnership agreement Note: Additional documents may be requested by the bank.

Dubai Islamic Bank Car Loan Calculator

The Dubai Islamic Bank car loan calculator helps you compute the monthly EMIs with ease. It provides you with an insight into how much you require to buy a car. It simplifies the process by helping you calculate your EMIs monthly. All you need to do is enter a few details, including car value, down payment, and tenure, to get the estimated monthly installment.

Available anytime and anywhere, this tool saves you time and helps you in making the right financial decisions.

How to Apply for a Dubai Islamic Bank Car Loan in the UAE?

Applying for a car loan in the UAE is easy with Paisabazaar.ae. Just follow these simple steps:

• Select ‘Car Loan’ on the homepage
• Share your details in the lead form
• Compare the car loan’s features and benefits on the quote page offered by different providers
• Select a DIB car loan or any, based on your requirements, and click on ‘Apply’
• The process is done! We will get in touch with you shortly for further guidance

Frequently Asked Questions