Al Hilal Bank Personal Finance for Expats

Personal Loan up to 8 times your Salary

Personal Loan in UAE

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  • Hassle-free documentation
  • EMI Tenure up to 48 Months
  • Lowest Interest Rates

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Al Hilal Bank, authorised in Abu Dhabi in 2007, offers Shariah-compliant retail banking, treasury, wealth management, and other financial services. Besides home loans, auto loans, and more, it also provides personal loans to its users. However, while one may think otherwise, even ex-pats are entitled to a personal loan in UAE from the Al Hilal Bank. 

Al Hilal Bank Personal Finance for Expats

  • Minimum Salary AED 7,000
  • Monthly Payment AED 2,225
  • Flat Rate AED 3.25%
  • Reducing Rate 5.9%
  • No Salary Transfer
  • Islamic Finance

Features & Benefits for Al Hilal Bank Personal Finance for Expats

With Al Hilal Bank personal loan for expatriates, where the loan amount can go up to AED 1.5 million, you can obtain the required financial assistance for 

  • Education
  • Health
  • Marriage
  • Travel
  • Home rent
  • Goods and services and more

Besides these, the financial institution may also allow you to pay for your liability settlement with easy instalments using this loan. 

Eligibility for Al Hilal Bank Personal Finance for Expats

In order to be considered eligible for a personal loan by Al Hilal Bank, you must satisfy the following conditions: 

  • You must have a salary of at least AED 10,000 if you are opting for a loan without salary transfer and AED 7,000 if you select the option with salary transfer 
  • The tenure of financing must not be more than 4 years 
  • You must have proof of employment

It is essential to note that while these are the general requirements, the bank may ask for additional information related to eligibility in some cases. 

Interest Rate for Al Hilal Bank Personal Loan

The annual interest rate for the Al Hilal Bank personal loan for non-UAE individuals residing in the UAE varies as per their salaries. You can find the information below: 

With Salary Transfer

  • 3% if the salary per month is AED 20,000 or more
  • 4% if the monthly salary is between AED 10,000 and AED 19,999
  • 5% if the monthly salary is between AED 7,000 and AED 9,999

Without Salary Transfer

  • 9% if the monthly salary is at least AED 30,000 
  • 10% if the salary per month is in the range of AED 15,000 and 29,999
  • 11% if the salary is between AED 10,000 and AED 14,999
Apply personal loan with maximum benefits

 

Documents Required for Al Hilal Bank Personal Finance for Expats

 

To verify your identity, monthly income, employment status, and several more factors, the bank requests a few documents when you apply for a personal loan from the bank. Through the documents like the ones provided below, the bank can evaluate if you are eligible for the loan. 

 

  • Emirates ID or similar identity proof
  • Salary Certificate
  • Passport 
  • Bank Statements of the previous 3-6 months

 

NOTE: These are generally the mandatory documents for a personal loan. However, the bank may ask for any additional documents as per their needs. 

 

How to Apply for Al Hilal Bank Personal Finance for Expats?

 

To avail of Al Hilal Bank Personal Finance for Expats, you can utilise any of the three methods that you find the most appropriate. 

 

  • Online Apply 

    • Go to the official website of the Al Hilal Bank and open the personal finance page.
    • Scroll down to the bottom of the page and select the option to apply for the same
    • You will be asked to provide some information to proceed here.
    • You may be asked here if you are an existing customer or a new user, customer ID, name, email ID, registered mobile number, the emirate of residence, and more. 
    • Click on the ‘Submit’ button.
    • You will be contacted by a bank professional shortly.
  • Visit an Al Hilal Bank Branch 

 

Albeit a traditional option, you can always visit a branch in-person to apply for the loan plan of your preference. After going to a nearby Al Hilal bank branch, connect with the bank executives to learn about the personal loan in detail. After being acquainted with the fundamentals of your selected plan, you can obtain an application form for it. Fill it out with the required details and submit it right there to begin the application process for Al Hilal Bank personal loan for expats.

 

  • Contact the Customer Support Team

 

If you require any assistance related to the Al Hilal Bank personal finance for expats, you can connect with one of the customer support agents of the bank through a call. You can inform the customer support team of your intent of obtaining a personal finance plan for ex-pats and follow their instructions to apply for the same.

 

Key Takeaways

 

Contrary to popular opinion, understanding the terms and conditions of Al Hilal Bank personal finance for expats is mostly a straightforward process. With the bank providing some of the most beneficial personal finance for ex-pats plans, individuals can apply for the same without much concern.

 

Nevertheless, if you have any further queries related to the personal loan, you can connect with us for instant and accurate guidance to ensure a smooth process for availing of your personal loan in UAE. You can also check out the ‘personal loans in UAE’ section on policybazaar.ae to compare the best personal plans in the UAE and obtain one easily without much effort.

 

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