Dubai Islamic Bank (DIB) has launched an auto finance offer, which is available for new cars of all brands and models, with profit rates starting from 2.99 percent per annum.

Al Islami Auto Finance, the UAE’s leading car finance provider, has a range of payment plans and options designed to suit the needs of individual customers.

No salary transfer is required to avail this offer, with finance available for up to 60 months and an option for reduced installments through balloon payments, a statement said.

Dr Adnan Chilwan, deputy CEO - chief of consumer and wholesale banking, DIB, said: “Being able to offer such an attractive auto finance rate is a reflection of the bank’s strong liquidity position, enabling DIB to play a central role in the continued economic growth of the UAE. As the provider of finance for a third of all cars on the nation’s roads, DIB remains the market leader in offering auto finance solutions.”

DIB has the country's largest team of qualified auto finance professionals, many of whom are available directly at dealer locations.

The bank offers a range of Sharia-compliant auto financing solutions - along with value-added services such as insurance finance and service contract finance, catering to a broad cross-section of the UAE population. – TradeArabia News Service