Dubai Islamic Bank Al Islami Home Finance Non Resident Property Finance

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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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As house purchasing is among the most significant financial decision you will take in your lifetime, it might appear intimidating due to the costs involved. This is especially the case for non-residents, who often face additional difficulties in securing a home loan in UAE. However, with the help of the programmes like Dubai Islamic Bank (DIB) Al Islami Home Finance, the goal of owning a home can be realised in no time. 

Opting for DIB mortgage loans, especially if you plan to secure a mortgage loan in UAE as a non-resident, can provide you with access to excellent features and benefits at some of the best rates in the country.

Al Islami Home Finance Non Resident Property Finance

  • Minimum Salary AED 10,000
  • Monthly Payment AED 8,569
  • Flat Rate NA
  • Reducing Rate 5.99%
  • No Salary Transfer
  • Islamic Finance
  • sharia Compliant

Features & Benefits of Dubai Islamic Bank Al Islami Home Finance Non Resident Property Finance

Given below are the top features and benefits of Dubai Islamic Bank Al Islami Home Finance Non Resident Property Finance.

  1. Up to AED 50 Million Loan Amount - DIB mortgage loans allow borrowers to access an amount of up to AED 50,000,000 as loan amount, which can prove sufficient for most properties in the country.
  2. Long Loan Repayment Term - Users receive a loan repayment tenure of up to 25 years with DIB home loan products.
  3. Low Rates of Interest - To help customers keep their overall loan costs low, this DIB mortgage loan in UAE can be availed of at profit rates starting from just 5.99% per annum.
  4. Minimal Documentation - While one may associate bank loans with tedious paperwork, this is not the case with DIB home loans. With only a few documents related to your salary and identity required, one can sail through the loan application procedure without much effort.
  5. Optional Salary Transfer - To qualify for a home loan in UAE from Dubai Islamic Bank, borrowers are not required to transfer their monthly earnings. Nevertheless, if you have an active salary account with DIB bank, you may be eligible for exclusive loan benefits that include low profit rates.

Interest Rates for Dubai Islamic Bank Al Islami Home Finance Non Resident Property Finance

Dubai Islamic Bank offers some of the most affordable home financing products available in the market due to the low-profit rates on DIB mortgage loan plans. Given below are the profit rates of Dubai Islamic Bank Al Islami Home Finance Non Resident Property Finance:

Home Finance Plan

Annual Profit Rate Starting from

Dubai Islamic Bank Al Islami Home Finance Non Resident Property Finance

5.99% (reducing)

Eligibility Criteria for Dubai Islamic Bank Al Islami Home Finance Non Resident Property Finance

The bank has set up a number of qualifying criteria to ensure the minimization of risk in terms of the borrower failing to pay the loan on time. Listed below are the eligibility requirements for this DIB home loan in UAE:

Minimum Age Requirement

21 years 

Residency

Non Residents

Down Payment

At least 20% of the property value

Minimum Salary Requirements

 AED 10,000 per month

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

Top Reasons to Choose Dubai Islamic Bank Al Islami Home Finance Non Resident Property Finance

Dubai Islamic Bank offers a variety of home loan products to customers along with the following features, which make DIB home loans some of the best options for a home loan in UAE:

  • 25-year loan repayment tenure
  • Loan amounts of up to AED 50,000,000
  • Quick approvals
  • Low profit rates starting from 5.99% per annum
  • Minimal documentation
  • Salary transfer not mandatory

Disclaimer: Although this plan is not available with us currently, you can continue on policybazaar.ae and go to the ‘Home Loans’ section to view the best plans regarding mortgage loan in UAE on our website!

Frequently Asked Questions

What is the current interest rate of Dubai Islamic Bank Al Islami Home Finance Non Resident Property Finance?

Dubai Islamic Bank Al Islami Home Finance Non Resident Property Finance can be availed of at a profit rate of 5.99% per annum.

How to apply for Dubai Islamic Bank Al Islami Home Finance Non Resident Property Finance?

You can apply for this DIB home loan in UAE by going to the bank's website or visiting one of its branches. In each case, you will have to get the application form, which has to be submitted online or at the branch along with the required documents to complete the application procedure on your end.