Dubai Islamic Bank Al Islami Home Finance Murabaha Fixed Rate Residential

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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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When you plan to buy your dream home in the country, one of the most essential things to search for before starting the process for the same is a home loan in UAE. You can easily get such a loan with Dubai Islamic Bank, which has one of the largest ranges of Islamic home loan products currently available in the market. One can indeed find DIB home loan options for both UAE Nationals and Expatriates.

DIB Home Finance Murabaha Fixed Rate Commercial

  • Minimum Salary AED 10,000
  • Monthly Payment AED 11,620
  • Flat Rate 6.99%
  • Reducing Rate NA
  • No Salary Transfer
  • Islamic Finance
  • sharia Compliant

Features & Benefits of Dubai Islamic Bank Al Islami Home Finance Murabaha Fixed Rate Residential

Dubai Islamic Bank is one of the most distinguished lenders in the UAE, with the bank offering several customisable and cost-effective options for a home loan in UAE.

Listed below are all the relevant features of Dubai Islamic Bank Al Islami Home Finance Murabaha Fixed Rate Residential.

  1. Adequate Loan Amount - With this DIB home loan allowing access to up to AED 50,000,000 as a loan amount, you can easily look for your ideal property without bearing the stress of finances for the same.
  2. Low Rates of Interest - DIB mortgage loan interest rates start from 6.24 per cent per year. Consequently, you will be able to obtain a loan without exhausting your precious funds on high interest amounts.
  3. Easy Loan Repayment  - Individuals opting for this DIB home loan can better organise their finances as this plan has a maximum loan repayment period of 25 years. 
  4. No Salary Transfer Needed - While individuals having an active account in Dubai Islamic Bank can enjoy additional perks with their home loan in UAE, you can always obtain this type of DIB mortgage loan without being under the obligation of transferring your salary to the bank.
  5. Straightforward Application Process - By presenting only a few documents related to identity, income, savings, and more, you can complete your application for this home loan in UAE by the DIB.

Interest Rates for Dubai Islamic Bank Al Islami Home Finance Murabaha Fixed Rate Residential

The interest rate of Dubai Islamic Bank Al Islami Home Finance Murabaha Fixed Rate Residential is as follows:

Home Finance Plan

Rate of Interest

Dubai Islamic Bank Al Islami Home Finance Murabaha Fixed Rate Residential

Starting from 6.24% per annum

Eligibility Criteria for Dubai Islamic Bank Al Islami Home Finance Murabaha Fixed Rate Residential

Here are the eligibility requirements for a DIB mortgage loan in the UAE:

Age Requirement

21 years

Residency

UAE Nationals and Expatriates

Down Payment

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

Minimum Salary Required Per Month

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

How to Apply for Dubai Islamic Bank Al Islami Home Finance Murabaha Fixed Rate Residential?

Customers can apply for Dubai Islamic Bank Al Islami Home Finance Murabaha Fixed Rate Residential from the bank’s website or by visiting a nearby DIB branch. Here’s how you can apply for the same in both the methods:

Official Website of the Bank

  • Sign in to the official website of Dubai Islamic Bank. 
  • Locate the 'Finance your home' option from the menu.
  • You will be able to view the available DIB home loan plans here. 
  • Fill out the loan application form for your preferred plan with all the necessary details. 

Once you submit the form, a bank agent will call you to advance the application procedure for your mortgage loan in UAE. 

Nearby Branch of the Bank

Users can also visit a bank branch and apply for this home loan in UAE offline. After connecting with a bank executive and discussing the major features and conditions of the plan, you can request a form for the same. You will then be required to submit the form with any required documents to complete the process. 

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

Top Reasons to choose Dubai Islamic Bank Al Islami Home Finance Murabaha Fixed Rate Residential

DIB home loan products provide the following benefits that make them some of the best options for a home loan in UAE:

  • Loan amounts ranging up to AED 50,000,000 (AED 50 million)
  • Quick Approvals
  • 25-year loan tenure
  • Under-construction home financing in freehold regions available
  • Minimal Documentation
  • Interest Rates starting from 6.24% per annum
  • Salary Transfer is not mandatory

Disclaimer: While this plan is not available with us at present, you can always check out other plans for a home loan in UAE offered by the UAE’s top insurance providers. Head to the ‘Home Loans’ section on policybazaar.ae and start exploring!

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