DIB Salam Finance | MoneyCamel

DIB Salam Finance

Dubai Islamic Bank

DIB Salam Finance

Salary Transfer Loan
CAMEL VIEW
  • Low salary requirement of AED 3,000.
  • Minimum tenure in employment must be 3 months.
FEATURES
Interest/Profit Rate 
9.00 % p.a.
Maximum Loan Amount 
AED 3,000,000
Maximum Loan Tenure 
48 Months
Minimum Monthly Income/Salary 
AED 3,000
Profession 
Salaried
Salary Transfer Mandatory 
Yes
Minimum Tenure in Employment 
6 Months
FEES & CHARGES
Late Payment Fees 
AED 175
Early Repayment Fee 
1 % of Loan Outstanding
Loan Cancellation Fee 
AED 0
Processing Fee 
AED 500
ADDITIONAL INFORMATION

Maximum finance amount AED 3 Million for UAE Nationals & AED 2 Million for Expatriates.

Maximum loan amount is up to 20 times salary.

Profit rates range from 9%-11% p.a. on reducing balance (or 5%-6% flat rate).

Salam is a sale contract whereby the purchaser pays the price in advance, and the seller delivers the goods with certain specifications and certain quantity on agreed future date(s).

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