Dubai Islamic Bank Al Islami Home Finance Mohammed Bin Rashid Housing Establishment (Under Construction)

While you will find several plans regarding home loan in UAE, obtaining one for an under-construction property might prove challenging. However, with DIB home loan plans, you can even avail of financial assistance for your properties yet to be completed. The Dubai Islamic Bank is indeed one of the most renowned banks for a mortgage loan in UAE for both ready and under-construction properties. 

With the bank and MRHE (Mohammed Bin Rashid Housing Establishment) collaborating to assist UAE nationals in meeting their housing needs, Dubai Islamic Bank is able to provide flexible home loans with excellent interest rates and loan amounts. While the standard DIB home loan plans themselves make for an excellent choice, the Dubai Islamic Bank Al Islami Home Finance Mohammed Bin Rashid Housing Establishment (Under Construction) provides several additional benefits on top.

Benefits and Features for DIB Al Islami Home Finance Mohammed Bin Rashid Housing Establishment (Under Construction)

If you find searching for financing options for an under-construction property difficult, you can always check out this type of DIB Mortgage Loan. The Dubai Islamic Bank Al Islami Home Finance Mohammed Bin Rashid Housing Establishment provides numerous benefits and facilities for its home loan in UAE. 

1. Long Loan Term - With a maximum loan period of 25 years, the Dubai Islamic Bank mortgage loan offers an adequately lengthy loan tenure. This ensures that the user is able to repay the loan in small monthly instalments without having any additional burden of the instalment.
2. Zero Transfer of Salary - Unlike several banks, no salary transfer is necessary for applicants for a DIB home loan in UAE. Consequently, you will be able to obtain a mortgage loan in UAE with Dubai Islamic Bank without unnecessarily opening an account for the purpose of salary transfer.
3. Low-Interest Rates - Depending on your credentials, you can get interest rates as low as 3.75% per annum with DIB Home Loan. With such interest rates, you can be assured of a low-interest amount, which, in turn, means a lower overall cost of the loan.
4. Nominal Documentation  - To apply for a DIB home loan, you will only be required to complete a few easy online forms and submit proof of identity, earnings, residence, and so forth.
5. Large Loan Amount - With this DIB mortgage loan offering a loan amount of up to AED 50,000,000 (AED 50 million), customers can easily finance their dream houses without limiting the scope of purchase due to insufficient funds.

DIB Al Islami Home Finance Mohammed Bin Rashid Housing Establishment (Under Construction) Interest Rates

Interest rate is among the most important factors to look out for when searching for a home loan. The DIB home loan interest rate is shown in the table below:

Eligibility Criteria for DIB Al Islami Home Finance Mohammed Bin Rashid Housing Establishment (Under Construction)

To simplify your loan application procedure, you need to make sure that you understand and fulfil all the eligibility requirements set by the Dubai Islamic Bank. The major criteria set by the bank for this DIB home loan plan are:

Reasons to Opt for DIB Al Islami Home Finance Mohammed Bin Rashid Housing Establishment (Under Construction)

Through its beneficial collaboration with the MRHE (Mohammed Bin Rashid Housing Establishment) as well as its affordable home loan in UAE, Dubai Islamic Bank has demonstrated commitment to enhancing the Emiratis’ access to house properties. With a presence across the UAE to provide a range of fine financial solutions to UAE residents, the DIB makes for an excellent choice regarding mortgage loan in UAE. 

Here are some more factors in favour of Dubai Islamic Bank Al Islami Home Finance Mohammed Bin Rashid Housing Establishment (Under Construction)

• Loan amounts ranging up to AED 50,000,000
• 25-year loan tenure
• Low-interest rates starting from 3.75% per annum
• Quick approvals
• Voluntary salary transfer 
• Minimal documentation

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