Al Islami Heavy Machinery Finance
Solid financing to build on
As the leading financier of the nation's construction boom, Dubai Islamic Bank has a thorough understanding of the real estate and building industry. Al Islami Heavy Machinery Finance is, therefore, a unique product designed to facilitate the financing of high-end construction equipment and machinery, especially for long-term usage.
Unique Features:
- Highly competitive profit rates
- Large variety of machinery covered
- Easy documentation
- Financing up to 36 months
- Finance available for new and used machinery
- Machinery finance of up to 8-year old machinery
- Finance also available for trucks, trailers and other heavy transport vehicles
Documentary Requirements:*
- 6 months’ Bank Statements
- Passport/Khulasat al Khaid copy
- Valid Visa (Expatriate customers)
- Quotation for machinery being purchased
- Trade License (in case of Companies/Partnerships/Sole Proprietors)
- Memorandum of Association in case of Companies
- Partnership Agreement in case of Partnerships
- Notarised Power Of Attorney (where applicable for Self-employed)
- Audited Balance Sheet, if finance is above AED 750,000/-
- Standing instructions/Monthly installment cheques
*Term & Condition Apply