Home & Mortgage Loan Eligibility in UAE - Check Eligibility Criteria for home loan & mortgage loan in UAE If you want to apply for home & mortgage loan in UAE.
T&C Apply
Get Home & Mortgage loan at Lowest Interest Rate
Dubai Islamic Bank Commercial Property Finance | |
---|---|
Parameters |
Details |
Finance Amount |
Up to AED 50 million |
Minimum Salary Required Per Month |
UAE Nationals: AED 10,000 Expats: AED 12,000 |
Salary Transfer |
Not Required |
Loan Term |
Up to 25 years |
Profit Rate |
6.25% (Reducing) |
Minimum Down Payment |
UAE Nationals: 20% Expats: 25% |
Established in 1975, Dubai Islamic Bank offers Islamic solutions to its customers and endeavours to make banking services simple yet efficient for all. Notably, with the bank aligning to global practices yet adhering to Islamic beliefs, DIB has become a renowned name across the world in terms of Sharia-compliant products like a home loan in UAE and more.
If you are looking for affordable finance options for buying commercial property in the UAE, Dubai Islamic Bank may be among the best solutions due to its wide range of options for commercial loans as well as home loans. Read on to find out all about Dubai Islamic Bank Al Islami Home Finance Commercial Property Finance and DIB home loan in general.
DIB Commercial Property Finance provides various benefits and features to loan seekers, with the major ones discussed below:
Note: You can obtain the quotes for top home loan plans in the country with Policybazaar UAE.
The documents generally asked for when you apply for a DIB home loan are as follows:
It should be kept in mind that some documents other than the ones mentioned here may be required when you apply for a DIB home loan in UAE.
The major eligibility criteria that you will be required to fulfil if you wish to avail of a home loan in UAE from the Dubai Islamic Bank are:
Age |
Minimum: 20/21 years Maximum: 65 years |
Minimum Monthly Salary Requirement |
AED 10,000 (UAE Nationals) AED 12,000 (Expats) |
Applying for Dubai Islamic Bank AI Islamic Home Finance Commercial Property Finance is fairly simple, as you can complete the process by visiting the official website of Dubai Islamic Bank and checking for a commercial property finance loan. Another option for you is to visit the nearest Dubai Islamic Bank branch and submit the application form for the same.
Irrespective of your selected application mode, you can initiate the process to apply for a DIB home loan in UAE by obtaining a form from the website or an executive at a branch of the bank. Fill it out, attach (or upload) the required documents, and submit them for processing. Whether you went online or offline, the next step will be a bank executive contacting you for further procedures.
Dubai Islamic Bank can be an exquisite choice when it comes to Islamic home loans in UAE. With features like affordable profit rates, easy application process, large home finance amounts, minimum salary and document requirements, and more, the bank is able to provide high-quality financial services without draining the finances of the user. And that’s not all, as the bank’s support staff is readily available for help at all the steps of your home loan venture.
Disclaimer: Please note that this plan is not available to us at present. However, you can view and compare the other top home loan plans on policybazaar.ae. Continue scrolling on our site and visit the ‘Home Loans’ category to start your journey.
You can get in touch with us, visit your nearest DIB bank branch, or call their 24/7 customer service for details about your queries/ concerns.
No, there is no refund for the pre-approval and processing fees if you cancel the plan after approval.
Yes, you may get to transfer your home loan in UAE from any bank to Dubai Islamic Bank’s home loan. To get an idea about the fees and the required conditions for transfers, you can verify with the bank.
LTV, short for loan to value, is often referred to as Lost to cost (LTC). It is the amount a bank or a lender is willing to give you in the form of a loan as per the monetary value of the property in question. LTV is inversely proportional to the down payment, i.e., the higher the LTV, the lower the down payment, and vice-versa.