DIB Al Islami Home Finance Equity Release

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  • Flexible repayment periods up to 25 years
  • Processing fees as low as 1%
  • Profit rates starting at 2.75% per year

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Get Home & Mortgage loan at Lowest Interest Rate

  • Dubai
  • Abu Dhabi
  • Sharjah
  • Ras Al Khaimah
  • Ajman
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Anyone interested in properties for residence will find plenty of options in the UAE. However, owing to several factors, some of these properties may exist beyond the financial reach of most individuals. With the help of Dubai Islamic Bank home loan in UAE, though, at least the financial obstacle concerning the purchase of homes can be eliminated. With DIB home loan being available in multiple options, you can pick up a plan as per your consideration and purchase a house in the UAE. One such option here is the Dubai Islamic Bank Al Islami Home Finance Equity Release, which will be discussed below.

Features and Benefits of Dubai Islamic Bank Al Islami Home Finance Equity Release

Dubai Islamic Bank is known across the UAE for offering versatile and cost-effective home loan options. The following is a list of all the features offered by Dubai Islamic Bank Al Islami Home Finance Equity Release:

  1. High Loan Amount Limit- You can get up to AED 50,000,000 (AED 50 million) as loan amount with a DIB home loan, which is sufficient for most of the luxurious properties in the UAE. 
  2. Long Repayment Period- DIB Home Loan has a loan repayment period of up to 25 years for borrowers. Such a long term is immensely helpful for organising your funds better. Moreover, it also ensures that the applicable monthly instalment amount in your case remains low and affordable.
  3. Manageable Profit Rates- With profit rates for this DIB Mortgage Loan beginning at 5% per annum, users can effortlessly utilise the loan amount and buy a property without worrying much about the accumulated profit amount.
  4. Optional Salary-Transfer Required- You will get access to several additional benefits if you opt for a salary transfer while applying for this home loan in UAE. However, it is optional, as individuals don’t have to transfer their earnings to be considered qualified for a DIB Mortgage Loan in UAE. 
  5. Straightforward Application Process-To keep the application process easy and quick, the bank requests only the most basic documents to verify your details related to identity, wages, and more from an individual seeking to apply for a home loan in UAE.

Buy your dream home through Home Loan @ lowest Rate in uae

Dubai Islamic Bank Al Islami Home Finance Equity Release Interest Rates

You can avail of mortgage loan in UAE from Dubai Islamic Banks at the following profit rates:

Home Finance Plan

Profit Rate Starting at

Dubai Islamic Bank Al Islami Home Finance Equity Release

5% per annum

Documents Required for Dubai Islamic Bank Al Islami Home Finance Equity Release

To ensure a faster application process, it is recommended to keep all the required documents ready before you apply for a DIB home loan in UAE. While the bank may ask for certain documents as per your profile, you can find all the major documents generally requested when you apply for a mortgage loan in UAE are:

Salaried Applicants Self-employed Applicants
  • Passport/ Copy of VISA/ Copy of Khulasat al Qaid
  • Relevant property documents
  • Recent Payslips or Salary Letters
  • Last 6-month Bank Statement
  • Evaluation papers from a bank-approved organisation
  • Passport/ Copy of VISA/ Copy of Khulasat al Qaid
  • Trade License Copy
  • Evaluation papers from a bank-approved organisation
  • Audited Corporate Financial statements
  • Recent Payslips or Salary Letters
  • Last 6-month Bank Statements
  • Articles of Association and Memorandum
  • Notarized power of attorney (if applicable)
  • Relevant property documents

Dubai Islamic Bank Al Islami Home Finance Equity Release Eligibility Criteria

If you are looking to apply for a DIB home loan, make sure that you fulfil the following requirements first to avoid a straight rejection of your application.

Age Requirement

21 – 70 years

Residency

UAE Nationals and Expatriates

Down Payment

  • 20% of the property value for UAE Nationals
  • 25% of the property value for Expatriates

Salary Requirements

  • AED 10,000 per month for UAE Nationals
  • AED 12,000 per month for Expatriates

Buy your dream home through Home Loan @ lowest Rate in uae

How to Apply for Dubai Islamic Bank Al Islami Home Finance Equity Release?

The home loan application process for a DIB home loan is an effortless one, as it doesn't take much time to complete the forms as well as their processing by the banks. You can apply for Dubai Islamic Bank Al Islami Home Finance Equity Release through the Dubai Islamic Bank website or at one of their branches. 

Described below are the steps for both application methods:

Via DIB Website

  • Step:1 Sign in to the official DIB website. 
  • Step:2 Go to 'Finance your home' from the submenu. 
  • Step:3 Provide the required information for your chosen plan. 
  • Step:4 This will enable a representative from the bank to call you and move forward with your application.

At a DIB Branch

If you live near a DIB branch or prefer going offline, you can always apply for a DIB home loan in-person at a bank branch. However, the online method is generally more advisable as it significantly reduces the time and effort required in the DIB home loan application process. 

With the entire application process now being online, you can take out a mortgage loan in UAE with just a few touches on your phone from the comfort of your place.

Top Reasons to choose Dubai Islamic Bank Al Islami Home Finance Equity Release

Dubai Islamic Bank has provided excellent banking services and financial solutions to clients for a home loan in UAE as well as other products. This has been made feasible by the array of beneficial amenities included with their mortgage loan in UAE, with the major ones discussed below:

  • 25-year loan repayment tenure
  • Maximum loan amount of AED 50,000,000 
  • Hassle-free application process and approvals
  • Low-profit rates starting from 5% per annum
  • Salary transfer not mandatory

FAQs

How much money can I get through DIB Mortgage Loan?

The highest loan amount available for a mortgage loan in UAE from Dubai Islamic Bank is AED 50,000,000, i.e., AED 50 million.

Is it possible to settle off my mortgage completely before my loan term ends?

Yes. By paying a modest fee for early loan settlement, you can settle off your mortgage with DIB Bank before the loan term expires.

What is the minimum age required to be eligible for a DIB Mortgage Loan?

To be deemed eligible for a DIB Mortgage Loan in UAE, an applicant must be at least 21 years old.

What is the current interest rate on a house loan at DIB?

The annual profit rates for this DIB home loan start at 4.24 per cent.

What is the minimum wage necessary for a DIB Mortgage Loan?

While expatriates are required to have a monthly salary of AED 12,000 to be considered eligible for a DIB mortgage loan, the same criterion for UAE nationals is AED 10,000 per month.

What is the present loan-to-value ratio available from DIB Home Loan in UAE?

With a DIB mortgage loan, UAE nationals can get a loan amount of up to 80% of the value of their property. Expatriates, however, are eligible to receive 75% of the property's worth as the loan amount.

How to apply for Dubai Islamic Bank Al Islami Home Finance Equity Release?

To apply for a DIB Home Loan in UAE, you will need to visit the ‘Finance your Home’ section on their official website and simply follow the application instructions presented there. You can also apply for the same at a branch of the bank.

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