DIB Al Islami Home Finance Top Up Cash Against Existing Finance

While purchasing a property is among the most significant decisions of an individual’s lifetime, it may appear intimidating due to the costs involved. However, with the help of correct house loan programmes like Dubai Islamic Bank (DIB) Al Islami Home Finance, a type of DIB home loan, the goal of owning a home can be quickly transformed into a reality. 

The plans related to home loan in UAE offered by Dubai Islamic Bank provide fantastic features that will prove beneficial when you plan for funds for purchasing a house in the UAE. Moreover, with the option to avail of a top-up service against existing finance with Dubai Islamic Bank Al Islami Home Finance Top Up Cash Against Existing Finance, a wide range of properties are now within your reach.

Features & Benefits of DIB Al Islami Home Finance Top Up Cash Against Existing Finance

Dubai Islamic Bank is widely recognised among the most prominent lenders in the UAE market, with the bank having some of the most flexible and affordable products for a home loan in UAE in its array.

Here is a list of all the vital features and benefits that can be enjoyed with Dubai Islamic bank al Islami Home Finance Top Up Cash Against Existing Finance.

• Long Loan Term- This type of DIB Home Loan allows borrowers to make the repayments in up to 25 years. With a tenure this long, you can plan your finances better.
• Low Rates of Profit- Profit rates of this DIB Mortgage Loan start as low as 4.75% per annum, ensuring access to sufficient funds at manageable charges for users.
• High Loan Amount- Dubai Islamic Bank offers loan amounts of up to AED 50,000,000 in this category. Consequently, you will be equipped with ample funds to buy your preferred property with this mortgage loan in UAE by DIB. 
• Zero Salary Transfer Requirement- Applicants don’t need to transfer their salary to be eligible for this DIB Home Loan in UAE, as the bank offers a home loan in UAE with zero salary transfer requirements. However, having a salary account with the bank can be beneficial in terms of perks like low-interest rates. 
• Minimal Documentation- To save applicants from getting trapped in exhausting paperwork, Dubai Islamic Bank has kept its documentation requirement to the bare minimum for DIB mortgage loan applicants. The bank merely requires verification of your identification and earnings when you apply for a  mortgage loan in UAE. 

Dubai Islamic Bank Al Islami Home Finance Top Up Cash Against Existing Finance Profit Rates

DIB Home Loans are among the most affordable home finance products available in UAE. The profit rates for the same are shown in the table below:

Home Finance Plan	Rate of Profit (Per Annum) Starting at
Dubai Islamic Bank Al Islami Home Finance Top Up Cash Against Existing Finance	4.75%

Documents Required for Dubai Islamic Bank Al Islami Home Finance Top Up Cash Against Existing Finance

Before applying for a DIB Home Loan in UAE, make sure that you have all of the relevant paperwork arranged to avoid any hassle. Listed below are the documents generally needed to apply for DIB Home Loan in UAE:

Salaried Applicants	Self-employed Applicants
Recent Payslips or Salary Letters Passport/ Copy of VISA/ Copy of Khulasat al Qaid Relevant property documents Last 6-month Bank Statement Evaluation papers from bank-approved organisations	Recent Payslips or Salary Letters Passport/ Copy of VISA/ Copy of Khulasat al Qaid Last 6-month Bank Statements Audited Corporate Financial statements Trade License Copy Notarised power of attorney (if applicable) Articles of Association and Memorandum Relevant property documents Evaluation papers from bank-approved organisations

Dubai Islamic Bank Al Islami Home Finance Top Up Cash Against Existing Finance Eligibility Criteria

Discussed below are the qualifying requirements established by the bank for individuals applying for DIB mortgage loan in UAE:

Age Requirement	21 – 70 years
Residency	UAE Nationals and Expatriates
Down Payment	20% of the property value for UAE Nationals 25% of the property value for Expatriates
Minimum Salary Requirements Per Month	AED 10,000 for UAE Nationals AED 12,000 for Expatriates

How to Apply for Dubai Islamic Bank Al Islami Home Finance Top Up Cash Against Existing Finance?

With the speedy application process and the short turnaround period of DIB Bank, applying for a mortgage loan in UAE with DIB is incredibly simple. You can easily apply for a DIB home loan via the Dubai Islamic Bank’s website or visit its nearby branch. 

Here is a step-by-step breakdown of both the application methods:

Applying Online

1. Log in to the bank's official website.
2. Choose 'Finance your home' from the submenu.
3. Fill out the form with the requested information, which can include details related to your job, assets, monthly income, and more. 
4. A bank agent will call you to proceed with your application once you finish the process on your end.

You can also apply for Dubai Islamic Bank Al Islami Home Finance Top Up Cash Against Existing Finance by going to a bank branch near you and applying in person. You will need to get an application form, fill it out as per the specified instructions, and submit it with the requested documents to complete the process. 

Generally, following the online procedure to apply for a home loan in UAE is recommended as it considerably minimises the time and effort required in the DIB mortgage loan application procedure. With the procedure being entirely digital, you can apply for a mortgage from the convenience of your own home with only a few taps on your smartphone.

Reasons to choose Dubai Islamic Bank Al Islami Home Finance Top Up Cash Against Existing Finance in UAE

Listed below are the key features related to the DIB mortgage loan that make it one of the best options for a mortgage loan in UAE:

• Loan amounts ranging up to AED 50,000,000
• 25-year loan tenure
• Low-profit rates starting from 4.75% per annum
• Quick approvals
• Optional salary transfer 
• Minimal documentation

FAQs