Dubai Islamic Bank Goods Murabaha Personal Finance

It's crucial to be prepared for the circumstances that may result from an unexpected event. At the same time, it has to be acknowledged that additional financial aid can often serve to alleviate the trouble with immediate impact. If you require funds urgently and without much hassle, a personal loan in UAE is something that you can utilise for the same. Moreover, availing of such a loan in the form of Dubai Islamic Bank Goods Murabaha can allow you access to the required funds along with several benefits. 

So whether you are facing financial challenges like bills or debts piling up, poor credit scores from missed payments, or wish to renovate your home or plan your children’s marriage, you can easily make use of this DIB personal loan. 

Benefits and Features of Dubai Islamic Bank Goods Murabaha

Offering an extensive range of personal loan options to choose from, Dubai Islamic Bank (DIB) ensures that users can pick a plan as per their exact requirements. 

Here are the features offered by Dubai Islamic Bank Goods Murabaha:

1. Cost-Efficient Loan - DIB Personal Loans can be obtained at significantly low profit rates to help you manage your loan expenses.
2. Ease of Repayment - If you have a longer-term budget plan, DIB Bank's personal loan in UAE can be helpful for you. As the bank allows a repayment tenure of up to 48 months, you can repay the loan in small installments and continue your other expenses without much compromise.
3. High Loan Amount Limit - Dubai Islamic Bank Goods Murabaha, available to both expatriates and UAE nationals, offers loan amounts ranging up to AED 2,000,000 and AED 4,000, respectively.
4. Simple Loan Application - Owing to several advantageous features, you can complete your DIB loan application within a few minutes! With a swift online service for these plans, you can instantly apply for a loan from your home, office, or anywhere using the internet.
5. Minimal Paperwork Requirement - With only salary and identity proof needed to apply for a DIB Personal Loan, Dubai Islamic Bank makes it easy for borrowers to get their finances in order without undergoing tedious application procedures. 

Profit Rates of Dubai Islamic Bank Goods Murabaha

DIB personal loans are widely recognised in the UAE for having some of the lowest profit rates in the region. However, as the profit rates differ for each applicant (due to differences in incomes, selected plans, and more), it is recommended to directly confirm the profit rate with the bank if you opt for this personal loan in UAE:

Documents Required for Dubai Islamic Bank Goods Murabaha

Here are the required documents to apply for a personal loan from DIB Bank:

1. Valid Passport
2. Valid Emirates ID
3. Valid Residence Visa (for expatriates)
4. Recent Salary Certificates
5. Last 6-month Bank Statements
6. Price quote for the goods/services for which the loan is being requested

Note: The bank may ask for additional documents before making a decision regarding your loan.

Eligibility Criteria of Dubai Islamic Bank Goods Murabaha Personal Finance

Several criteria apply when your application for a personal loan in UAE is under consideration. The purpose of these requirements is to verify the accuracy of your provided details and estimate whether you are indeed capable of repaying your loan amount without much hassle. 

Find below the major eligibility requirements for Dubai Islamic Bank Goods Murahaba:

• Age: An applicant should be at least 21 years old when applying for this DIB personal loan. The maximum limit, however, depends on income, nationality, and more.
• Residency: Both ex-pat and UAE nationals are eligible to apply for a DIB Personal Loan in UAE. However, the limit for the maximum loan amount is different for these categories of applicants. 
• Salary: Dubai Islamic Bank has set the minimum monthly salary requirement for a personal loan application to AED 3,000 per month.

How to Apply for Dubai Islamic Bank Goods Murabaha Personal Loan in UAE?

If you need a quick personal loan in UAE to pay for a car, home renovation, or any other big-ticket item, you'll be able to avail of one in no time with DIB. The bank offers speedy loan disbursement thanks to its quick loan processing and verification system. 

You can apply for DIB Goods Murahaba using the bank’s official website or even visit one of its branches for the same. Given below are the steps to be followed when applying for this DIB personal loan.

Via DIB Website 

1. Go to the official website of Dubai Islamic Bank.
2. Choose ‘Personal Finance’ after signing in. 
3. Select ‘Apply Now’ under your preferred loan product from the list of available options.
4. A loan application page will pop up. 
5. Fill out the form and submit it along with any documents if required. 

The DIB will contact you after receiving your application and guide you through the remaining steps.

At a Branch 

You can also apply for this DIB personal loan in UAE offline. All you would need to do here is visit a local bank branch in person, collect an application form for your selected loan option, and submit it after attaching the required documents as stated by the bank. 

As choosing personal loans without ample research can lead to poor choices and bad credit ratings, you should first extensively check out the available plans. Thus, you should start your loan application process by comparing the options available to you - this is exactly where Policybazaar UAE will prove helpful! After this article, you can move to our ‘personal loans in UAE’ section and explore the best available plans.

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