Dubai Islamic Bank 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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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.

DIB Home Finance Murabaha Fixed Rate Commercial

  • Minimum Salary AED 10,000
  • Monthly Payment AED 8,155
  • Flat Rate NA
  • Reducing Rate 5%
  • No Salary Transfer
  • Islamic Finance
  • sharia Compliant

Features & 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.

Interest Rates for Dubai Islamic Bank Al Islami Home Finance Equity Release

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

Eligibility Criteria for Dubai Islamic Bank Al Islami Home Finance Equity Release

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

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

Disclaimer: While this plan is not available with us at present, you can explore the other top home loan plans on our website. Continue on policybazaar.ae, head to the ‘Home Loans’ category, and start exploring!