Auto Step up

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Lower

Initial instalment
No

Salary transfer required

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Pocket friendly auto finance

This unique solution helps you manage your finance with lower monthly instalments during the initial period of finance and increase the instalments in the subsequent period.

Pocket friendly auto finance

This unique solution helps you manage your finance with lower monthly instalments during the initial period of finance and increase the instalments in the subsequent period.

Financing Convenience

With a minimum salary requirement of AED 3,000 and no salary transfer necessary, DIB Auto Step up is designed for every customer, offering financing opportunities for individual (up to AED 1 million) for up to 60 months. And an applicable profit rate* (flat) from 3.10% p.a. to 3.80% p.a (5.67 % p.a to 6.95% p.a reducing)**. Terms and conditions apply.

Available for salaried and self-employed, and available for new cars. Options for financing Takaful and other accessories is also available.

*Profit rates will vary based on dealer

**Applicable Due Diligence and Documentation fee: 1.05% of the Finance Amount (Minimum AED 520 to Maximum amount of AED 2,620).

Simple Documentation

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 eligibility and vehicle being financed.

Documentation required:*

Personal / Business Bank Statements
Salary Certificate / Payslips
Passport/Khulasat al Khaid copy
Valid Visa (Expatriate customers)
Emirates ID Card
Quotation for vehicle being purchased
Trade License / Memorandum of Association/ Partnership Agreement
These are basic documents and there might be other documents required as applicable.

Easy Access

With ease of access through our branches and availability of Auto Finance Staff in all the key dealerships in the country, we ensure that the process of getting your auto finance is easy and just a signature away.

Auto Finance ILOE Takaful Product

Drive away with peace of mind and protect yourself from unforeseen circumstances.

Features

Coverage up to AED 30,000 *
Minimum Salary: AED 8000
Customer Length of Service with the same employer for at least 180 days
ILOE coverage is valid for the first 36 months of the tenure.
Valid for Salaried Customers (banking and Non Banking Customers)

*If the Auto Finance customer (who availed ILOE product with the Auto Finance) lost his/her Job in the first 3 years from ILOE enrollment date, Noor Takaful will cover the Customer’s installments for 6 months (maximum AED 30K).

Eligibility:

Minimum age: 18 Years
Maximum age: 56 years and will not reach 59 before the end date of tenure
If customer lost his Job, he/she needs to initiate a claim within 30 days from the date of his/her involuntary unemployment in order to benefit the cover.
This product shall not be converted in to any other financing facility at the time of last big payment at the end of the term.
The ILOE coverage of the customer will start after 180 days from date of enrollment.

For detailed terms and conditions,click here

For FAQs,click here

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