# Dubai Islamic Bank Car Loan **Original Url:** https://www.paisabazaar.ae/car-loans/dib-car-loan/ With a global customer base of over 5 million customers, Dubai Islamic Bank (DIB) is one of the most renowned Islamic banks in the UAE. Established in 1975, the bank offers innovative and advanced banking services and products for individuals and businesses. DIB auto loan is one of the prominent services of the bank, designed to assist you in financing your dream car. Here is what makes it exceptional: * Simple documentation * An easy application process * Flexible payment tenure, and more Whether you are thinking of purchasing a new car or a used one, DIB auto loan is here to help you drive into the future with ease. Let’s delve deeper and understand how the bank helps you in financing your car. ## Top Car Loan Plans in Dubai Emirates NBD Plan Name Auto Loans Minimum Salary (AED) 5000 Fixed Rate 1.99% Reducing Rate N/A Flexible Repayment Free Bank Account Minimum Documentation Abu Dhabi Commercial Bank Plan Name Car Loan Minimum Salary (AED) 5000 Fixed Rate 1.99% Reducing Rate 3.65% Flexible Repayment Fast Track Approvals Minimum Documentation Emirates NBD Plan Name Flexi Drive Minimum Salary (AED) 5000 Fixed Rate 1.92% Reducing Rate N/A Fast Track Approvals Minimum Documentation Abu Dhabi Islamic Bank Plan Name Car Finance Minimum Salary (AED) 5000 Fixed Rate N/A Reducing Rate N/A Flexible Repayment Fast Track Approvals Minimum Documentation RAKBANK Plan Name Car Loans Minimum Salary (AED) 5000 Fixed Rate N/A Reducing Rate N/A Flexible Repayment No Salary Transfer Minimum Documentation Table of Content * [Top Car Loan Plans in Dubai](#top-car-loan-plans-in-dubai) * [Dubai Islamic Bank Car Loan: Overview](#dubai-islamic-bank-car-loan-overview) * [Types of DIB Auto Loans](#types-of-dib-auto-loans) * [Features and Benefits of DIB Auto Loan](#features-and-benefits-of-dib-auto-loan )  * [Eligibility Criteria for Dubai Islamic Bank Car Loan](#eligibility-criteria-for-dubai-islamic-bank-car-loan) * [Dubai Islamic Bank Car Loan Calculator](#dubai-islamic-bank-car-loan-calculator) * [How to Apply for a Dubai Islamic Bank Car Loan in the UAE?](#how-to-apply-for-a-dubai-islamic-bank-car-loan-in-the-uae) * [Frequently Asked Questions](#frequently-asked-questions) ## Dubai Islamic Bank Car Loan: Overview Whether you want to buy a new or a used car, a DIB car loan can make the process smooth and streamlined. With a variety of distinct loan options, the bank caters to the diverse needs of individuals and businesses. **This is how the DIB auto loan works for you:** * **No upfront strain:** This enables you to buy a car without paying the full upfront cost * **Tailored solutions:** DIB covers the car cost and allows you to pay for it over a flexible tenure. This means you can enjoy the comfort of a car without straining your lifetime savings * **Unmatched privileges:** Not just that, you can get several privileges, such as basic eligibility requirements, easy accessibility, robust customer support, and more ## Types of DIB Auto Loans We have curated the list of car loans offered by Dubai Islamic Bank: | DIB Car Loans | Specifications | | --- | --- | | DIB Access | For different types of vehicles
Digital application process
Exclusive discounts through mobility partner | | Electric Vehicle Finance | For new and used cars
Installment deferment via DIB alt phone banking
No salary transfer
Completely digital | | Al Islami Auto Finance | Available for new and used carsFlexible loan tenure, up to 60 months
Installment deferment through phone banking | | Auto Finance for Self-employed | Ideal for self-employed
Ideal for new and used cars
Loan tenure of up to 60 months
Auto finance for up to AED 1.5 million | | Auto Finance for Commercial Vehicles | Lower monthly installments
Available for new and used cars
Financing up to AED 8 million
Up to 60 months of loan tenure | ## Features and Benefits of DIB Auto Loan  The key features and benefits of a Dubai Islamic Bank car loan are mentioned below:  * No salary transfer is required * Comprehensive [car loan](https://www.paisabazaar.ae/car-loans/) options * Car loan for new and used cars * High auto financing, up to AED 1 million for individuals and AED 8 million for businesses * Flexible loan tenure, up to 60 months * Convenient auto finance with Al Islami Auto Finance staff and online channels * Benefit from a flat rate starting from 2.15% p.a. and a reducing rate from 3.93% p.a  * Easy and hassle-free documentation process  * Involuntary loss of employment (ILOE) coverage for up to 6 months ## Eligibility Criteria for Dubai Islamic Bank Car Loan To apply for a DIB car loan, you need to meet the following requirements: | Requirements | Specifications | | --- | --- | | Eligibility Criteria | Min. salary- AED 5,000
Employment status- Salaried and self-employed
Nationality: UAE nationals and expats | | Documents | Passport
Bank statements
Salary certificate or payslips
Valid visa
Emirates ID
Car quotation
Trade license/Memorandum of association/Partnership agreement**Note:** Additional documents may be requested by the bank. | ## Dubai Islamic Bank Car Loan Calculator The Dubai Islamic Bank car loan calculator helps you compute the monthly EMIs with ease. It provides you with an insight into how much you require to buy a car. It simplifies the process by helping you [calculate your EMIs monthly](https://www.paisabazaar.ae/car-loans/car-loan-calculator/). All you need to do is enter a few details, including car value, down payment, and tenure, to get the estimated monthly installment. Available anytime and anywhere, this tool saves you time and helps you in making the right financial decisions. Car Loan EMI Calculator Total Interest AmountAED 0 Monthly InstalmentAED 0 Total Payable (Principal + Interest)AED 0 Loan Amount AED 10,00010,000,000 Interest Rate % 150 Reducing Rate (1% - 50%) Loan Tenure 160 (Minimum & Maximum Months) ## How to Apply for a Dubai Islamic Bank Car Loan in the UAE? Applying for a car loan in the UAE is easy with Paisabazaar.ae. Just follow these simple steps: * Select ‘Car Loan’ on the homepage * Share your details in the lead form * Compare the car loan’s features and benefits on the quote page offered by different providers * Select a DIB car loan or any, based on your requirements, and click on ‘Apply’ * The process is done! We will get in touch with you shortly for further guidance **Apply for Car Loan from Paisabazaar.ae!** ## Frequently Asked Questions ### Q1. Can I get a DIB auto loan for a used car? Yes, DIB offers car finance solutions for used cars in the UAE. ### Q2. What is the Dubai Islamic Bank used car loan interest rate? The DIB interest rate for used cars depends upon the loan type you have chosen. However, the flat profit rate starts from 2.15% to 6%, and the reducing rate starts from 3.93% to 10.98% per annum. ### Q3. What are the features of auto finance ILOE Takaful products? DIB auto finance offers involuntary loss of employment (ILOE) coverage for the initial 48 months of the tenure. If you lose your job during this period, Watania Takaful will pay up to six months' worth of installments, up to a maximum coverage of AED 30,000. ## Car Loans * [Car Loan in UAE with Salary Transfer](https://www.paisabazaar.ae/car-loans/car-loan-with-salary-transfer-in-uae/) * [Car Loan with Salary Transfer](https://www.paisabazaar.ae/car-loans/car-loan-with-salary-transfer-in-uae/) * [Car Loan for Self-Employed Professional](https://www.paisabazaar.ae/car-loans/car-loan-for-self-employed-professional-in-uae/) * [Car Loan in UAE for Expats](https://www.paisabazaar.ae/car-loans/car-loan-for-expats/) * [Car Loan in UAE Without Salary Transfer](https://www.paisabazaar.ae/car-loans/car-loan-without-salary-transfer/) * [Car Loans for UAE Nationals](https://www.paisabazaar.ae/car-loans/car-loans-for-uae-nationals/) ## Car Loan Providers * [ADCB Loan](https://www.paisabazaar.ae/car-loans/adcb-car-loan/) * [ADIB Loan](https://www.paisabazaar.ae/car-loans/adib-car-loan/) * [RAKBANK Loan](https://www.paisabazaar.ae/car-loans/rak-bank-car-loan/) * [HSBC Loan](https://www.paisabazaar.ae/car-loans/hsbc-car-loan/) * [Emirates NBD Loan](https://www.paisabazaar.ae/car-loans/emirates-nbd-car-loan/) * [FAB Loan](https://www.paisabazaar.ae/car-loans/fab-car-loan/) * [CBD Loan](https://www.paisabazaar.ae/car-loans/cbd-car-loan/) * [Emirates Islamic Bank Loan](https://www.paisabazaar.ae/car-loans/emirates-islamic-bank-car-loan/) * [United Arab Bank Loan](https://www.paisabazaar.ae/car-loans/united-arab-bank-car-loan/) * [Sharjah Islamic Bank Loan](https://www.paisabazaar.ae/car-loans/sharjah-islamic-bank-car-loan/) * [Finance House Loan](https://www.paisabazaar.ae/car-loans/finance-house-car-loan/) * [Ajman Bank Loan](https://www.paisabazaar.ae/car-loans/ajman-bank-car-loan/) * [Arab Bank Loan](https://www.paisabazaar.ae/car-loans/arab-bank-car-loan/) * [Al Hilal Bank Loan](https://www.paisabazaar.ae/car-loans/al-hilal-bank-car-loan/)