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Procedures for Dubai Islamic Bank personal loan

by 54 Comments

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

  1. Copy of Passport (with Residence visa for expatriates)
  2. Salary and the End of Service Benefit Transfer Letter/Certificate from the employer
  3. Statement of Account for minimum 3 months if the salary is transferred to another bank (6 months for self employed professionals/ businessmen)
  4. 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.

Services Ijarah

The Bank also offers some services like

  1. Rent In Advance
  2. Medical Finance
  3. Travel Finance
  4. Education Finance
  5. Wedding Finance

Please find the featuers  specified from the below link

http://www.dib.ae/personal-banking/finance

Personal Loans Details -Dubai Islamic Bank -Without Salary Transfer

Features

  1. Maximum Loan Tenure-36 Months
  2. Minimum Monthly Income/Salary-8000 AED
  3. Profession-Salaried
  4. Salary Transfer Mandatory-No
  5. Minimum Tenure in Employment-6 Months
  6. Charges
  7. Processing Fee -500 AED

Personal Loans Details -Dubai Islamic Bank – With Salary Transfer

Interest/Profit Rate -6 %

Features

  1. Maximum Loan Amount-200000 AED
  2. Maximum Loan Tenure-48 Months
  3. Minimum Monthly Income/Salary-3000 AED
  4. Profession-Salaried
  5. Salary Transfer Mandatory-Yes
  6. Minimum Tenure in Employment-6 Months
  7. Charges
  8. Processing Fee-500 AED

Links to branches of Dubai Islamic Bank in UAE

http://www.dib.ae/branch-locator

Below is a link to the general rules and regulations in Banking:

http://www.centralbank.ae/en/pdf/notices/RegulationsRegardingBankLoans.pdf

For more information on Dubai Islamic Bank,

Call: 00714 405 1888
Fax: 009714 4357434
Website: www.dib.ae

Filed Under: Guides

Comments

  2. dear all,
    I don’t have account with your bank, but want to have a salary loan, my salary 3000aed,but every month I will received 3500 with all .can I know is it possible to have a loan. and can I get the detail of the request .

    Thank you

    • Some of the main documents include 

      • Passport Copy with Valid residence visa
      • Emirates ID
      • Salary Certificate
      • Last 3 months Bank statement
      • Security Cheque with the requested loan amount
      • Personal Loan application form 

      Please confirm with the bank as well.

  4. Hello, I would like to take a personal loan without Salary transfer how much is the maximum loan amount? My Salary is aed 12,000 every mo. thanks

  8. I am working with a company & my basic salary is AED 4,000/-. I already have a loan but I do want to switch it with another bank as the interest rates are too high. My salary is being transferred through an exchange into my account for the last 2 years. Please do let me know if I am eligible for it. I can switch my salary transfer to your bank. Do let me know on +97155 4479953.
    Thanks,
    A.W. Karani

  9. hi, my salary transfering to dib. but when i ask for a loan the bank said that our company name not listed. but told me to check time to time if the company listed later. can u pls tell me how my company name can be listed with ur bank. what should i do for that. my company in SGME (Securi Guard Middle East)
    my num : 0566698519

    thank you.

  10. Dear Sir/ Madam,
    i need personal loan from dubai islamic bank,
    My Salary Dhs.4,500 / Month, Salary Transfer to Dubai Islamic Bank
    Our Company not Listed with DIB, I Can get loan form DIB ???

  12. Dear sir,

    i am the bear of account holder of dubai islamic bank, i want to know what is the personal loan interest rate.

    Could you please advice me.

    Regards,

    Murugan A.

  15. My gross salary is 3,900 and i dont have accounts in your bank. is it possoble to open account and transfer my monthly salary so that i can have my personal loan?

  16. Hi I am looking for a personal lone. currently I am holding account with Bank of Baroda. My salary is 4000 per month. I want to check my company is listed or not. how to check its listed or not? and if its not listed then what’s the procedure to get personal lone

  17. Dear Sir
    I don’t have account with your bank,my company not abile to transper my salary transfer to your bank. But i need in small amount (15000Dhs) persanal loan. my salary 3508 Dhs,but every month I will received 4000Dh. if any chance give persanal loan to me please call me.

    Thank you
    shaji joseph
    mb no .0559369881

  18. Dear Sir
    I don’t have account with your bank,my company not abile to transper my salary transfer to your bank. But i need in small amount (15000Dhs) persanal loan. my salary 3508 Dhs,but every month I will received 4000Dh. if any chance give persanal loan to me please call me.

    Thank you
    shaji joseph
    mb no .0559369881

  20. I want to apply personal loan.My salary is 3,200aed. My holding bank is ajman. I can get loan even my bank is not in your bank?

  22. gud day,i would like to know if i can avail a personal loan in your bank.my salary account is in your bank since 2013,,i earn 3,100 monthly,,but when i get salary certificate in my company they put only 2,770 aed because they said they cannot put 3,100 aed because its not allowed to see that i used to work in my day off every month,but if u will check my salary in 10-11 months in your system it will appear that i have 3,100 aed monthly.mam/sir can i avail a loan in your bank in that case.i really need that loan..this is my contact nr 0526165212..ill wait your reply

  23. I need personal loan very urgently. My salary amount 3500 AED , accommodation company. Please contact with me
    Abdul Jabbar 0507996934.

  24. Dear Sir/ Madam
    I need personal loan from DIB. My basic salary amount is 3500 AED/month. Accomodation + tranportaion company. Please contact with me urgently.
    Abdul Jabbar 0507996934

  25. Dear Sir/ Madam
    I need personal loan from DIB. My basic salary amount is 3500 AED/month. Accomodation + tranportaion company. Please contact with me urgently.
    Abdul Jabbar 0507996934

  26. My gross salary is 3,900 and i dont have accounts in your bank. is it possoble to open account and transfer my monthly salary so that i can have my personal loan?how much i am getting personal loan
    my Mob no:0567423751
    0567423751

  28. i want to take loan, i can transfer my salary to your bank; now it’s transferred to ADCB; but my company is not listed; please advice if possible.

  29. i want to take loan, i can transfer my salary to your bank; now it’s transferred to ADCB; but my company is not listed; please advice if possible.

  32. Dear all,
    I like to get personnal loan from DIB, I am having account with DIB, My salary also transfer from DIB only, My salary 7000 AED per month, Please help me to get laon, Please contact my mobile: 050 5041565

  34. I need a personal loan for the Amt. of 60000dhs. My salary dhs.5000/month. no salary transfer or company n o listed. pl.call my mob.0554768910.

  39. Dear Sir/Madam,
    This is yeasin .I want to Apply for Personal Loan in your Brunch . My Salary Amount Every month 3,200 ADE .
    Can you help me about that Matter I am very hope full to you .
    Regard`s
    YEASIN 055-6019647

  40. Hi, my account is under dib so definitely i dont need salary transfer right? What are the procedures if i will apply, my salary is 4000aed. Please contact me in my mobile 0502413134

  41. I wanted to know what is profit rate? what are the condtions for personal islamic loan.. can you prove me that these loans are truley interest free..

  42. i would like to apply for a personal loan of 125000 dh with dubai islamic bank.i have a current a/c in this bank.my salery of 6000dh is being transfered to dubai islamic bank-emar area.my probation of 6 months is over with my company-bold intl -jabel ali.if possible pls call me back.my number-rajmohan-0502780190
    thks
    rajmohan

  43. Dear Sir/Madam,
    My basic salary is AED3000,and I don’t have account in your bank. If am eligible for getting the personnel loan from your Bank just inform me. Mob:0551382006.
    Awaiting for your fruitful reply.

  44. Dear sir.
    I want to take personal loan 50000/aed.but my gross salory is 3000/month plus company accomodation.I don’t have account in DIB.is it possible for me to apply perrsonal loan.
    Please advise me what are key requirements .
    Thanks.
    Amjad
    055 6226543

  45. I am a self employed person in Dubai and looking a personal or business loan. Please let me know the procedures.

    Firoz Pallithazham
    00971 50 2484611.

  46. i really need to make a personal loan,my salary is 3,500 AED i dont have account in your bank.
    but i dont know how and what is the procedure to make a loan

    and where do i get the form for personal loan
    please advise me what is the requirements
    looking forward to hear from you
    kindly contact me in my mobile mobile number 0563350734

  47. Do you need a loan? Have you been looking for how to get access to a private lender online? Bother no more as you have an opportunity to get a loan. just contact us for more information on the loan. We offer loan at 3%.

    Thanks.

  49. hi

    is it possible to apply personal loan for non listed companies? my salary is AED 5000 and willing to transfer to DIB incase otherwise they do provide personal loan for non listed

  50. dear sir/ma’am,
    Can you please let me know if i can get loan as my basic salary is 2800AED with OT i receive around 4000 AED.please let me know sir my no. 0556962421

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