![]() Processing Fee and all other charges will be applicable as per Banks Schedule of Charges.Monthly instalment and insurance charges shown are tentative and subject to change.Bank Schedule of Charges (SOC’s) are subject to change on yearly basis, however terms and conditions once specifically offered in individual cases for the whole tenure of the loan will remain unchanged/unaffected.KIBOR rate (One Year) on the first day of the month will be applicable and will be revised on loan anniversary.In some cases additional documents may be required for case processing Case processing will start once all required documents from the applicant are received.Cases will be processed subject to satisfaction of Debt Burden Ratio (DBR) (as per Prudential Regulation’s- State Bank of Pakistan), Bank’s internal credit policy and due diligence checks.The Bank will provide case decision based on applicant’s documentation, credit history, bureau checks and satisfaction of Internal Bank Policy.To review and apply for Dubai Islamic Bank Car Finance, use the calculator at top of this page of visit mawazna car loan comparison service, provide your details and apply to be considered. Booking depends on selected renewal option, which may change monthly rental amount.KIBOR (Karachi Interbank Offered Rate)-based pricing revised every 6 or 12 months from the date of application/contract.Based on annual/semi-annual adjustable profit rate which varies according to current financial benchmarks.Pricing Mechanism for Dubai Islamic Bank Car Loan Most recent salary slip or income statement.Co-applicant’s CNIC copy (if applicable).Documents Required for Dubai Islamic Bank Car Finance You can drive a brand new imported car of your dreams under the Dubai Islamic Bank Car Loan scheme. Immaculately reconditioned/used cars up to 9 years old, both local and foreign assembled with low 15% minimum security deposit. Working as an independent businessperson for at least 12 consecutive monthsĬhoose from an entire range of mainstream manufacturers and start driving your brand new car.Working as a self-employed individual for at least 6 consecutive months.Maximum age when the scheme matures: 65.Working as a salaried individual for at least 3 consecutive months.Maximum age when the scheme matures: 60.The following eligibility criteria applies under the Dubai Islamic Bank Car Finance scheme: Vehicle as old as 9 years can also be financedĮligibility Criteria for Dubai Islamic Bank Car Finance.Option to make Advance Booking for car rental or start driving immediately via Ready Delivery.Tenure options for payments range from 1 to 7 years.New and immaculately reconditioned cars available (local and imported).The Dubai Islamic Bank Car Loan scheme strictly follows the tenets of Islam to offer a Riba-free, Shariah-compliant way of driving your dream car. 5,000,000 (not including processing fee to be paid upon application approval). ![]() Under the Dubai Islamic Bank Car Finance scheme, the bank will finance as much as 85% of the vehicle’s value, with minimum financing starting at Rs. Highly affordable and the most competitive monthly rental rates are being offered. Zero monthly rental payments until the car is delivered under the Advance Booking car rental plan. Key Features of Dubai Islamic Bank Car Finance Lowest Takaful RatesĭIB offers lowest takaful rates hence creating ease for customer to pay the upfront amounts and lum sum. The Dubai Islamic Bank Car Loan scheme is 100% Shariah-compliant, offering individuals the peace of mind and pleasure of driving a brand new or used car that they desire to own – through the Islamic “ijarah” model. If you’ve been contemplating getting your dream car but have been held back by financial obstacles, the Dubai Islamic Bank Car Finance scheme can change that in a matter of few days. How to Find Best Savings & Deposit Accounts in Pakistan.Get Best Interest Rates by Comparing Bank Accounts.8 Questions to Ask before Applying for a Car Loan. ![]()
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