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Al Islami Auto Finance

  • No
    Salary Transfer
  • Flexible
    Tenure
  • Available
    New & Used Cars
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For Fees & Charges, click here

For T&Cs, click here

For Key Fact Statement, click here

For Warnings, click here

For Shariah Certificate, click here

Drive into tomorrow

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Whether you're buying your first car or investing in a fleet of vehicles, our wide range of finance plans and payment options suit every personal and commercial need.

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Financing Convenience

With a minimum salary requirement of AED 3,000 and no salary transfer necessary, DIB Auto Financing is designed for every customer, offering financing opportunities for individual (up to AED 1 million) and non-individual customers (up to AED 8 million), for up to 60 months. And an applicable profit rate* (flat) from 2.00% p.a. to 6.00% p.a (3.66% p.a to 10.98% p.a reducing)**. Terms and conditions apply.

Apply for instalment postponement via DIB alt phone banking, applicable for customers who transfer their salary to DIB. Click here for FAQs.

Available for business and personal (salaried and self-employed), for new and used cars, passenger vehicles, buses, heavy machinery, trucks and more. Options for financing Takaful and other accessories is also available.

*Profit rates will vary based on Customer’s salary, segment and nationality.
**Applicable Due Diligence and Documentation fee: 1.05% of the Finance Amount (Minimum AED 520 to Maximum amount of AED 2,620).

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Easy Access

With ease of access through our branches and availability of Al Islami Auto Finance Staff in all the key dealerships in the country, we ensure that the process of getting your auto finance is easy and just a signature away. 

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Simple Documentation

We've kept things easy to accomplish when it comes to auto financing. Our documentation process is simple and easy to put together, but may vary depending on eligibility and vehicle being financed.

Documentation required:*

  1. Personal / Business Bank Statements
  2. Salary Certificate / Payslips
  3. Passport/Khulasat al Khaid copy
  4. Valid Visa (Expatriate customers)
  5. Emirates ID Card
  6. Quotation for vehicle being purchased
  7. Trade License / Memorandum of Association/ Partnership Agreement

•These are basic documents and there might be other documents required as applicable.

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Auto Finance ILOE Takaful Product

Drive away with peace of mind and Protect yourself from unforeseen circumstances.

Features

  • Coverage up to AED 30,000 *
  • Minimum Salary: AED 5,000
  • Customer Length of Service with the same employer for at least 180 days
  • ILOE coverage is valid for the first 48 months of the tenure.
  • Valid for Salaried Customers (banking and Non Banking Customers)

*If the Auto Finance customer (who availed ILOE product with the Auto Finance) lost his/her Job in the first 4 years from ILOE enrollment date, Watania Takaful will cover the Customer’s installments for 6 months (maximum AED 30K).

Eligibility:

  • Minimum age: 18 Years
  • Maximum age: 56 years and will not reach 59 before the end date of tenure
  • If customer lost his Job, The customer needs to initiate a claim within 30 days from the date of his involuntary unemployment in order to benefit the cover.
  • The ILOE coverage of the customer will start after 180 days from date of enrollment.  

For detailed terms and conditions, click here

For FAQs, click here

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We'll help you do the math

I need financing for
Value
Tenure Months
Please input 20% onwards
Downpayment %
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AED / Month *
* This is an approximate calculation

Any Questions?

Does DIB Finance old models such as 2004, 2005, 2006 models?
DIB finances car models up to 10 years old only. Alternatively, the customer can avail it against Fixed Deposit.
Does DIB Finance Auto Insurance?
DIB finances Auto Insurance upto 10% of the car price. (Islamic/Takaful only).
What’s the minimum monthly salary required for Salaried- Individual Customer?
A minimum Salary income of AED 3,000.
What is the Maximum DSR (Debit Service Ratio)?
The Maximum DSR is 50% as per Central Bank.
What is the Minimum Finance amount allowed?
The minimum Finance amount which is allowed to be financed is AED 10,000.
If a customer wants to avail Auto Finance, what is the minimum Length of Service in His/her company?
One month LOS with One Salary.
What is the Maximum Exposure for Non-Individual Customers?
The exposure goes up to AED 8 Million if the customer is Privilege, and the maximum exposure for a customer who’s is with new relationship with DIB will be up to AED 3.5 Million.
Who is Eligible for Auto Finance?
Salaried Customers, Self Employed, Companies, Rent A Car, Heavy Machineries.
What is the Validity for the Credit Approval on the approved Auto deals?
The Validity is 60 Days.
Does the Salaried Individual customer has the option to pay 5% down payment?
No. The Minimum Down payment has to be paid as per Central Bank is 20%.
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