Al Hilal Bank Medical Finance

Personal Loan up to 8 times your Salary

Personal Loan in UAE

T&C Apply

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

Get personal loan at Lowest Interest Rate

Search your City
  • Dubai
  • Abu Dhabi
  • Sharjah
  • Ras Al Khaimah
  • Ajman
  • Other

Medical treatments can often prove expensive. In such cases, arranging funds is even more difficult as the process has to be completed with the added strain of the medical ailment. Recognising the requirement of users across the country, Al Hilal Bank offers a medical finance programme for individuals needing additional funds for medical care. This type of Al Hilal Bank personal loan is accredited under Islamic Finance law and allows easy access to funds for adequate medical treatment.

Al Hilal Bank Medical Finance

  • Minimum Salary AED 5,000
  • Monthly Payment NA
  • Flat Rate AED 0%
  • Reducing Rate 0%
  • Salary Transfer

Features and Benefits of Al Hilal Bank Medical Finance

Medical ailments, besides leading to poor health, usually lead to financial difficulties as well. As medical treatment and medication may be expensive, you may require a flexible and affordable way to meet all your expenses. All these conditions are fulfilled by this Al Hilal Bank personal loan in UAE, which is available in flexible types and fits your needs and budget. 

Given below are the key features of Al Hilal Bank Medical Finance:

  1. 1-year Loan Tenure - You can first deal with the medical emergency and repay the loan in manageable instalments at your convenience, as the repayment tenure of this AHB Personal Loan for Medical Finance is 12 months.
  2. High Loan Amount - Al Hilal Bank makes these personal loans available with large credit limits so that users can receive high-quality treatment at top-rated hospitals or other medical institutions.
  3. Low Rates of Interest - AHB Personal Loans have affordable interest rates to assist you in saving money on your personal loan. The bank offers flat interest rates to UAE citizens ranging from 2.90% per annum and 3.40% per year for ex-pat customers.
  4. Shariah Compliant - Following the Islamic laws for finance and lending, these personal loans in UAE by Al Hilal Bank provide funds for medical treatment while being Shariah-compliant.
  5. Minimal Documentation - With the application process for Al Hilal Bank Medical Finance streamlined, one can expect a seamless experience when applying for the same. The same is extended for document requirements, with the applicants required to supply minimal documented proof.

Interest Rates of Al Hilal Bank Medical Finance

Tabled below are the interest rates for this Al Hilal Bank personal loan in UAE. 

Personal Loan Plan

Rate of Interest Per Annum Starting from

Al Hilal Bank Medical Finance for UAE Nationals

2.90% 

Al Hilal Bank Medical Finance for Expatriates

3.40% 

Compare and apply personal loan from best providers

Documents Required for Al Hilal Bank Medical Finance

Applicants will be required to submit some documents during the loan application process. These documents will be evaluated by the bank to verify the applicant’s eligibility for the loan and the rate of interest and the credit amount to be granted to them

The following is the list of all the documents needed to apply for AHB medical finance:

  1. Valid passport
  2. Residence VISA page
  3. Last 6-month bank statement

Note: It should be remembered that additional documentation may be required by the bank throughout the process of the loan application.

Eligibility Criteria of Al Hilal Bank Medical Finance

To ensure that your loan processing is smooth to the greatest possible extent, make sure that you meet all the AHB personal loan requirements. Given below is a summary of all the qualifying criteria set by the bank:

  • Age: Banks generally require the applicant to be at least 21 years old to be considered eligible to apply for their personal loan. However, as the maximum age restriction can vary as per the salary, one should personally verify with the bank regarding the same.
  • Residency: AHB personal loans are available to both expatriates and UAE Nationals.
  • Salary Requirement: A monthly salary of at least AED 5,000 is required to be considered eligible to apply for this Al Hilal Bank personal loan.

Minimum Age Requirement

21 years

Residency

UAE Nationals and Expatriates

Salary Requirements

AED 5,000

How to Apply for Al Hilal Bank Medical Finance?

Al Hilal Bank is reputed for its speedy processing of loan applications. In just a few steps, you can apply for this personal loan in UAE. With the bank adopting the online approach for all banking services, you can easily complete the process without even stepping out of your home.

The loan application procedures for Al Hilal Bank Medical Finance via the official bank website and Policybazaar UAE are discussed below

Via the Official Website

  1. Go to the Al Hilal Bank website and select ‘Finance’ from the menu.
  2. Select the ‘Personal’ option from the list of funding options.
  3. Select ‘Rent Finance’ and fill in the required details at the end of the page.
  4. After you submit, a bank representative will contact you for further AHB personal loan processes.

Via Policybazaar.ae

You can always apply for a personal loan in UAE using our website in the following way:

  1. Visit policybazaar.ae and select 'Personal Loan' from the available loan types.
  2. Complete the short form on the following webpage.
  3. Compare the loan offers to discover the best price and the best plan for your requirements.
  4. To apply for the plan of your choice, click the 'Apply Now' button.
  5. Fill out the loan request form with the essential details.
  6. You will be contacted by the concerned personnel from Policybazaar UAE to initiate the process of applying for the loan.

You may also apply for Al Hilal Bank Medical Finance by visiting any Al Hilal Bank branch to seek a personal loan in UAE. A digital loan application, however, is always recommended as the process there is completed in a short while.

Compare and apply best personal loan

Frequently Asked Questions

What is the maximum loan tenure allowed by the Al Hilal Bank?

The maximum loan tenure of Al Hilal Bank personal loan plans is 12 months.

What is the interest rate of the Al Hilal Bank Personal loan in UAE?

Al Hilal Bank provides interest rates starting at 2.49 per cent per year for UAE nationals and 3.40 per cent per year for ex-pats.

What is the minimum age needed to be eligible for AHB Personal Loan?

Al Hilal Bank has set the minimum age requirement to 21 years.

What is the minimum salary needed to be eligible for AHB Personal Loan?

One must have a minimum monthly salary of at least AED 5,000 to apply for Al Hilal Bank personal loan.

Can I pre-settle my AHB Personal Loan?

Yes. AHB allows the pre-settlement of personal loans in exchange for a small early loan settlement fee.

Can I apply for AHB personal loan as an ex-pat?

Yes. Expatriates are allowed to apply for an AHB personal loan in UAE.

How to apply for Al Hilal Bank Medical Finance?

In order to apply for AHB Personal loan in UAE, you can check out the bank’s official website and follow its specified loan application procedure. You can explore other plans related to personal loan in UAE at policybazaar.ae.

More From Personal Loans
Recents ArticlesPopular Articles