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Dubai islamic bank car loan requirements – best bank for Auto Loan

It’s time for you to drive your car with pleasure and peace of mind! Dubai Islamic Auto Finance offers a world-class car financing service that enables you to obtain a car quickly, conveniently, and in a fully Sharia-compliant manner. Using the Musharaka cum Ijarah model to finance your car, head towards peace of mind and the fulfillment of your wish.

Dubai Islamic Bank Auto Finance Features

a)      Low Takaful rates compared to any other bank

b)      No monthly rental payments will be made by the customer before delivery of the car in Advance booking cases.

c)      Competitive and affordable monthly rentals as per industry standards

d)     Finance will be up to 85% of the car value.
Minimum financing: Rs.100,000
Maximum financing: Rs. 5,000,000

e)      Our products are structured under the principles of Islam and compliance with Sharia for transactions without Riba (without interest)

f)       New or used cars.

g)      Local or imported / reconditioned cars.

h)      Payment plan with tenure options ranging from 1 to 7 years.

i)        Ready delivery and advance booking.

j)        Income clubbing option.

k)      You can finance a vehicle of up to 9 years

Dubai Islamic Bank Auto Finance Eligibility Criteria

Client PositionMinimum AgeMaximum Age at time Maturity
Salaried21 Years60 Years
Self Employed Professional21 Years65 Years
Self Employed Businessman21 Years65 Years

One is Eligible for Dubai Islamic Auto Finance if:

Your Monthly Net Income isRs.25,000
You Have Been Working For
Salaried3 Months
Self Employed Professional6 Months
Self Employed Businessman12 Months

Dubai Islamic Auto Finance Documents Required 

>  Copy of primary applicant’s CNIC.

>  Copy of co-applicant’s CNIC (if applicable).

>  2 passport size photographs.

>  Latest salary slip.

>  6 months Bank statement (if applicable).

>  Bank certificate (if applicable).

Dubai Islamic Auto Finance Apply Online 2021

Click to visit the official website to apply for auto finance online: https://www.dibpak.com/index.php/consumer-financing/auto-finance/

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