Dubai Islamic Bank - Balloon Finance

Dubai Islamic Bank - Balloon Finance

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Features & Benefits:
• Financing amount up to AED 1.5 Million for Individual Customers
• Financing available for up to 60 months
• Finance available for new and used cars
• No Requirement of mandatory transfer of Salary
• Option for financing Insurance and other accessories available
• Financing available for: Salaried, Self Employed, Rent a Car, Companies and Heavy Machinery
• Financing amount up to AED 5 Million for Non-Individual Customers Fees & Charges:
• Arrangement Fee: AED 2,500
• Early Settlement Fee: 1% of the remaining balance Documents Required:
• Personal / Business Bank Statements
• Salary Certificate / Slip
• Passport/Khulasat al Khaid copy
• Valid Visa (Expatriate customers)
• Emirates ID Card
• Quotation for vehicle being purchased
• Trade License / Memorandum of Association/ Partnership Agreement

  • Business vehicle finance: Yes
  • Only for listed companies: No
  • Down Payment: 20%
  • Heavy vehicle finance: Yes

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