Noor Bank Car Loan
Get your car financed with a range of loan options! Enjoy attractive profit rates, flexible loan repayment tenure, and substantial financing amounts for both new and used cars. Irrespective of your employment type, Noor Bank (now merged with DIB) requires minimal documentation and zero paperwork.
Top Car Loan Plans in Dubai
Noor Islamic Bank Car Loan (Now DIB Car Loan)
Noor Bank, a prominent Sharia-compliant financial institution in the UAE, has recently merged with Dubai Islamic Bank, one of the region's largest Islamic banks. This merger has enriched the banking experience by broadening service offerings and promoting higher financial innovation.
The bank has a customer-centric approach and caters to users’ diverse needs for cost-effective banking solutions. DIB’s car loan service is designed to simplify vehicle buying with attractive profit rates, flexible repayment terms, and a straightforward application process.
Let’s explore the various types of Noor Islamic Bank car loans (DIB) available, their eligibility criteria, the application process, and more!
Types of DIB (Noor) Bank Car Loans in the UAE
Refer to the features and eligibility criteria of each DIB (Noor) Islamic Bank car loan below:
Electric Vehicle Finance
Features/ Benefits
- Finance Amount- Up to AED 1.5 million (for individuals) and up to 8 million (for self-employed)
- Vehicle eligibility - Accessible to both new and used vehicles
- Application Process- Paperless/ Digital
- Profit Rates- Starting from 1.89% per annum
- Loan Tenure- Flexible terms up to 60 Months
Eligibility Criteria
- Minimum Salary- AED 8,000
- Applicants- Open to both new and pre-owned car owners
- Salary Transfer- Not Required
Al Islami Auto Finance
Features/ Benefits
- Salary Transfer- Not Required
- Finance Options- Available for both New and Used Cars
- Auto Finance ILOE Takaful option
Eligibility Criteria
- Minimum Age- 18 Years
- Maximum Age- 56 Years (58 years till maturity)
Auto Finance for Self-Employed
Features/ Benefits
- Finance Amount- Up to AED 1.5 million
- Finance Options- New and Used Cars
- Documentation- Quick and Simple
- Loan Repayment Tenure- Up to 60 Months
Eligibility Criteria
- Applicant Type- Self-employed Individuals
- Applicant Car Type- New and Used Cars
Auto Finance for Commercial Vehicles
Features/ Benefits
- Finance Amount- Up to 8 million
- Documentation- Simple and Quick
- Loan Repayment Tenure- Up to 60 Months
- Flat Profit Rates- Ranges Between 3.8% and 5.6% Per Annum
- Reducing Profit Rates- Ranges Between 6.95% to 10.25% Per Annum
Eligibility Criteria
Applicant Type- Includes companies, Heavy Machineries, and Rent-a-Car services.
Documents Required to Apply for a DIB Auto Loan
Here is a common checklist of documents required to apply for a DIB auto loan in the UAE:
| For Salaried Employees | For Self-Employed Individuals |
|---|---|
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Note:
- All documents must be valid and original.
- Copies of each document may be required.
- Additional documents may be required by the bank as needed.
Apply for a DIB (Noor) Auto Loan via Paisabazaar UAE?
Apply for a DIB car loan through our website. Click here to get direct access to the lead form!
Enjoy the following privileges with Paisabazaar UAE:
- Select your preferred loan from a wide range of products across the top UAE banks.
- Get 24/7 customer support service for all your queries.
- Apply digitally for an auto loan without any hassle.
For further clarification, refer to the “Frequently Asked Questions” about the Noor Islamic Bank car loan in the UAE!
Frequently Asked Questions
You must be at least 21 years old to apply for auto finance in the UAE.
No, as per the bank’s guidelines, you must have a minimum salary of AED 8,000.
The bank grants you a finance amount of up to AED 8 million.
You can directly reach out to our customer representatives’ team. Dial 042472904 or mail us at communication@paisabazaar.ae.
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