DIB Salam Finance - Approved Companies
- High loan amounts available.
- Minimum tenure in employment is 3 months.
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).
Maximum Loan amount for UAE Nationals is AED 3 Million & for Expats it is AED 2 Million. Maximum loan amount is up to 20 times salary.
Proft rates range from 9%-11% p.a. on reducng balance (or 5%-6% flat rate).