Dubai Islamic Bank Car Finance - Islamic Car Finance

Dubai Islamic Bank Pakistan commenced in 2006, is a renowned bank offering Islamic Banking in Pakistan. DIBP is known for offering banking based on a combination of Islamic traditions and latest technology. Dubai Islamic Bank Car Finance is one of Sharia’s compliant product offered by the bank. Dubai Islamic Car Finance scheme helps you in getting a vehicle in a completely sharia-compliant way. 

Key Features and Benefits

Dubai Islamic bank car finance offer is based on the Musharka cum Ijarah model. One can get Dubai Islamic Bank car loan for new, used, or imported vehicles. The Loan tenure ranges between 1 and 7 years. DIBP will finance up to 85% of the car value depending upon the need of the customer. The maximum financing amount is PKR 5,000,000.    

Dubai Islamic Bank car finance offers guaranteed lowest insurance/takaful rates compared to any other bank in Pakistan. Moreover, DIBP all financed cars come with a tracking device. In advance booking scenario, the bank doesn’t charge monthly installments before delivery of the car.DIB holds eminent recognition in Islamic Banking and Islamic Car Financing, offering the best deal for financing with least Interest rates.

Dubai Islamic Bank Car Finance Calculator

Dubai Islamic Bank Car Loan Calculator is an online tool available on Pakwheels.com that helps in getting different financing options. The user is asked to input required car type (new/old), Car make, car model, user’s city, loan tenure, and initial down payment. The calculator will output total initial deposit, estimated monthly payment, and yearly payment plan. The user can vary initial deposit or loan tenure to compare different plan and choose most suitable one. 

Eligibility

A salaried person or self-employed businessman/professional can apply for Dubai Islamic Bank Car Finance. The minimum required income, to be eligible for the car financing, is PKR 25,000. Moreover, the age requirement for a salaried person is between 21 and 60 years, and for self-employed businessman/professional it is between 21 and 65 years.    

Required Documents

The required documents are latest salary slip, 2 passport size, copy of CNIC, and proof of income.