The ultimate convenience. Auto Refinance
Minimum documentation, easy funds access and high finance amounts come together in the DIB Auto Refinance facility, giving you convenience unparalleled.
It's easy access to funds when you need it most. Visit your nearest DIB branch with the necessary documents and receive finance for up to 80% of your vehicle value. Your vehicle will be purchased by DIB and leased back to you for over a 60-month period (maximum). With an applicable profit rate of 3.50% p.a (flat) (6.40% p.a reducing).
Applicable Due Diligence and Documentation fee: 1.05% of the Finance Amount (Minimum AED 520 to Maximum amount of AED 2,620).
With a minimum salary requirement of AED 3,000 and no salary transfer necessary, the DIB Auto Refinance product is focussed on you, minimising complexity and maximising convenience.
We've kept things easy to accomplish when it comes to auto financing. Our documentation process is simple and easy to put together, but may vary depending on the type of customer and the kind of vehicle being financed.
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