Al Hilal Bank Personal Finance for Expats

Al Hilal Bank was authorised in Abu Dhabi in the year 2007. The financial institution offers Shariah compliant retail banking, Treasury, and Wealth Management. Besides offering different monetary services, the bank offers personal loans, home loans, and auto loans to its users. However, if you are wondering whether expats are entitled to a personal loan in UAE or not, then the answer is yes. With Al Hilal Bank personal loan, you can obtain a personal loan for education, health, marriage, travel, home rent, goods, and services. The best part is that the bank also lets you pay for your liability settlement using easy installments.  

Interest Rate for Al Hilal Bank Personal Finance for Expats

The interest rate for the Al Hilal Bank personal loan for expats in the UAE varies as per their salaries. Check out the range here -

With salary transfer: 5% if Salary AED 7,000 to 9,999

• If the salary is between AED 10,000 to 19,999 then interest rate is 4%

• If the salary is AED 20,000 & above then the rate is 3%

Without salary transfer: 11% if salary is between  AED 10,000 to 14,999

• 10% for salary between AED 15,000 to 29,999

•  9% for AED 30,000 & above

Eligibility for Applying Al Hilal Bank Personal Finance for Expats

In order to be eligible for a personal loan at Al Hilal Bank, you must satisfy the following conditions-

• You must have a salary of at least 10,000 AED if it is without salary transfer and 7,000 AED with salary transfer.
• The finance tenure must not be more than 4 years.
• You must have proof of employment.

Documents Required for Al Hilal Bank Personal Finance for Expats

Whenever you apply for any loan from any bank, it asks you for a few documents for their personal records and to verify your identity. Through those documents, they also evaluate whether you are eligible for the loan or not.

• The UAE Identity Proof
• Salary Certificate
• Passport
• Acceptable credit Score
• Bank Statements of the previous 3-6 months

NOTE: These are the mandatory documents for a personal loan. The bank’s required when applying 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 three methods. Select any mode that is appropriate for you.

• First Mode - Request Your Query Online

  • Go to the official website of Al Hilal Bank and open the personal finance page.
  • Scroll down to the bottom of the page and provide the following personal info- select if you are an existing customer or a new user, customer ID, name, email ID, registered mobile number; and emirate.
  • Select the ‘I’m not a robot’ checkbox.
  • Click on the ‘Submit’ button.
  • One of the professionals will contact you shortly.

• Second Mode- Visit an Al Hilal Bank Branch in Person

  • Have a consultation with the bank person to learn about the personal loan in detail by visiting your nearest Al Hilal Bank branch.
• Third Mode - Contact the Customer Support Team
  • If you require any assistance related to the Al Hilal Bank personal finance for expats, then you can connect with one of the customer support agents through a call.

Conclusion

Understanding the terms and conditions of Al Hilal Bank personal finance for expats can be difficult sometimes. As a result, if you have any further queries related to the personal loan, connect with the team of policybazaar.ae for instant and accurate guidance to ensure a smooth process for availing your personal loan in UAE.