Minimum Salary Salary Transfer Early Settlement Fees Maximum Term Flat Rate Reducing Rate
Dubai Islamic Bank - Balloon Finance Dubai Islamic Bank - Balloon Finance Minimum Salary: AED 5,000 Salary Transfer: No Early Settlement Fees: 1% Maximum Term: 3 Years Flat Rate: 3.25% Reducing Rate: 6.1%
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Al Islami Auto Finance from Dubai Islamic Bank is an industry leader in vehicle financing in the UAE. 

Whether it is financing of a vehicle for personal or commercial needs, a single vehicle or a fleet of vehicles for a company or business, Dubai Islamic Bank has a range of financing plans and payment options available for you to choose from. 

With ease of access through the bank's many branches and availability of Al Islami Auto Finance Staff in all key dealerships in the UAE, Dubai Islamic Bank ensures that the process of getting your auto finance is easy and just a signature away. Take a good look at all what Al Islami Auto Finance has to offer. It's the perfect one-stop solution for all your auto finance needs.
** Calculator Definitions
Amount: The total amount of money borrowed, also referred to as the principal amount.
Rate (%): This is the annual interest flat rate on the product. This is not the APR, which is going to be calculated in this example.
Years: This is the original term or length of the product, stated in years.
Effective Monthly Payment: This is the effective monthly payment, which takes into consideration fees and other costs associated with this product. The effective monthly payment is the basis for the APR calculation.
Calculated Annual Percentage Rate (%): The Calculated Annual Percentage Rate (APR) is determined using the annual interest rate of the product plus fees and other costs. This rate may differ from bank to bank. APR is useful when comparing two or more products with different interest rates and fee structures.
Representative Example Calculator
Emirates Islamic - Auto Finance
Minimum Salary
AED 5,000
Flat Rate
2.35%
RAKBANK - RAK Auto Loan
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AED 5,000
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1.99%
HSBC - Car Loan
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AED 20,000
Flat Rate
2.49%
ADCB Islamic Banking - Car Finance
Minimum Salary
AED 5,000
Flat Rate
2.49%