DIB Salam Finance - Unlisted Companies
- Loan available up to AED 150,000.
- Minimum salary must be AED 8000 p.m.
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. on reducing balance (or 10.8% flat rate).