DIB Salam Finance - Unlisted Companies | MoneyCamel

DIB Salam Finance - Unlisted Companies

Dubai Islamic Bank

DIB Salam Finance - Unlisted Companies

Non Salary Transfer Loan
CAMEL VIEW
  • Loan available up to AED 150,000.
  • Minimum salary must be AED 8000 p.m.
FEATURES
Interest/Profit Rate 
20.00 % p.a.
Maximum Loan Amount 
AED 150,000
Maximum Loan Tenure 
36 Months
Minimum Monthly Income/Salary 
AED 8,000
Profession 
Salaried
Minimum Tenure in Employment 
6 Months
FEES & CHARGES
Late Payment Fees 
AED 175
Early Repayment Fee 
1 % of Loan Outstanding
Processing Fee 
AED 500
ADDITIONAL INFORMATION

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 is AED 150,000 if length of service is more than 1 year and AED 75,000 if less than 1 year.

Interest rates start at 20% p.a (or 10.8% flat rate).

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