Dubai Islamic Bank (DIB) Loan Deferment Facility in the UAE
Written ByChanchal SinghContent Executive
Chanchal Singh
Content Executive
Chanchal Singh is a content strategist at Paisabazaar.ae, focused on banking and finance-related content for the UAE market. With over 2 years in insurance & finance content, she specialises in making personal finance simpler for individuals and businesses. She breaks down complex financial concepts into clear, actionable insights, enabling you to evaluate options and make informed decisions through research-driven, user-centric content.
Reviewed ByRavindra DhakarProduct Manager
Ravindra Dhakar
Product Manager
With 4+ years of experience in banking and financial services, Ravindra Dhakar serves as a Product Manager at Paisabazaar.ae, specialising in banking and finance products. He is adept at developing customer-centric financial solutions, optimising product strategies, and driving innovation across lending, payments, and consumer banking to enhance financial accessibility and user experience.
The DIB loan deferment online facility allows you to postpone your finance installments during times of financial hardship. Through this facility, eligible users can easily request deferment via DIB’s digital or phone banking channels. It can help you manage short-term cash flow challenges without defaulting on your repayments.
Dubai Islamic Bank (DIB) loan deferment facility allows you to temporarily postpone one or more installment payments, without being marked in default. It helps you manage short-term financial challenges and meet urgent expenses without stressing about the loan or affecting your credit history.
How Does DIB Loan Deferment Work?
DIB offers a wide range of financing options, which include personal finance. This facility is available to eligible customers, typically those who transfer their salary to DIB. You can avail this facility through phone banking and request up to 2 deferments per year.
You can apply for the first deferment after at least 3 regular instalments. Subsequent deferments require at least 6 regular payments. In special cases, two consecutive postponements may be approved — only if you have completed 24 instalments without any prior deferment.
How to Apply for a Loan Deferment with DIB Online?
The DIB loan deferment procedure is a straightforward one, although you cannot do it online. You can request this facility through DIB phone banking, where the bank guides you step by step.
If you want, you can complete a part of the process online. For this, download the deferment form from the bank’s official website. The form requires basic details such as your Emirates ID, phone number, email address, loan account information, and the reason for deferment. Once submitted, the bank reviews your request and informs you of approval via SMS.
DIB Loan Deferment Charges
To avail the deferment facility, you need to pay specific fees. The DIB loan deferment charges are typically AED 105 (inclusive of VAT). If the bank declines this request, you can get a refund for the same at your nearest DIB branch. Just keep in mind that you will need the request number for the same.
DIB Loan Deferment Contact Number
You can connect with the Dubai Islamic Bank (DIB) for a loan deferment facility via phone banking. Here is the number to contact the bank -
DIB loan deferment contact number — +971 4 609 2222
Does DIB Loan Deferment Affect Your Credit Score?
No, using the DIB loan deferment facility does not negatively impact your credit score. In case of approved deferment, the bank does not report them as ‘missed payments’ to the Al Etihad Credit Bureau (AECB). Thus, your score remains intact.
However, there is a caveat. If you fail to repay the deferred instalments on time, your credit score can take a hit. Similarly, if you just miss out on a repayment, it’s not a deferment — it’s a missed instalment. This, too, can bring down your score.
Final Thoughts
The Dubai Islamic Bank (DIB) loan deferment facility is a valuable option if you’re facing temporary financial challenges. It allows you to postpone one or more loan installments, giving you the flexibility to manage your expenses without immediate repayment pressure.
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