Al Hilal Bank Personal Loan

Al Hilal Bank offers a wide range of services including personal and corporate banking, wealth management, and investment solutions. In this article, we will provide you with all the relevant information on Al Hilal personal loan as well as related aspects such as benefits, application process, fees/charges, and much more.

Types of Al Hilal Bank Personal Loans

Al Hilal Bank offers multiple personal loans products as mentioned below -

Settlement of Liabilities

With this personal finance product, you can consolidate and settle your liabilities with other financial institutions in the Emirates.

Goods Finance

You can opt for this type of finance for the following purchases -

• Home Appliances
• Computers and Accessories
• Electronics
• Furniture
• Other Legitimate Goods

Service Finance

• Shariah-compliant financing option is available

You can get financing options for multiple goods and services such as -

• Home Rent
• Education and Training
• Hajj and Umrah
• Air Tickets/ Holiday Package
• Other Legitimate Goods

Wedding Finance

• You have a flexible repayment tenure of 1 year.
• The bank offers this personal finance at attractive profit rates.
• You can opt for high financing amounts.
• The bank offers you a Shariah-compliant financing option. 

Education Finance

• The bank offers a tenure of up to 1 year for repayment.
• Shariah-compliant financing option is available.
• Attractive profit rates
• High financing amount   

Rent Finance

• You have a flexible repayment tenure of 1 year.
• The bank offers this personal finance at attractive profit rates.
• You can opt for high financing amounts.
• The bank offers you a Shariah-compliant financing option. 

Medical Finance

• Al Hilal Bank offers you a period of 1 year to repay the finance amount.
• High finance amounts
• Personal finance available at attractive profit rates 
• Shariah-compliant financing options available 

Travel Finance

• You have a flexible repayment tenure of 1 year.
• The bank offers travel finance at competitive profit rates.
• High finance amounts
• Shariah-compliant financing option 

Sukuk Finance

You can avail of the Sukuk Finance option to purchase National Bond saving certificates as per your requirements.

What are the Eligibility Criteria for Al Hilal Bank Personal Loans?

The following table mentions the eligibility requirement for all Al Hilal personal loan products -

Al Hilal Bank Personal Finance	Eligibility Criteria
Sukuk Finance	You must have a minimum monthly salary of AED 5,000 to apply for the loan.   You must be a UAE national or an expatriate.
Travel Finance	Your monthly salary must be at least AED 5,000 to apply for the loan.  You must be a UAE national or an expatriate.
Settlement of Liabilities	You must have a minimum monthly salary of AED 5,000 to apply for the loan.  You must be a UAE national or an expatriate.
Medical Finance	Your monthly salary must be AED 5,000 or more to apply for the loan.  You must be a UAE national or an expatriate.
Education Finance	You must have a minimum monthly salary of AED 5,000 to apply for the loan.  You must be a UAE national or an expatriate.
Rent Finance	You must have a minimum monthly salary of AED 5,000 to apply for the loan.  You must be a UAE national or an expatriate.
Service Finance	You must have a minimum monthly salary of AED 5,000 to apply for the loan.  You must be a UAE national or an expatriate.
Wedding Finance	Your salary must be at least AED 5,000 per month to apply for the loan.  You must be an expatriate or a UAE national.
Goods Finance	You must have a minimum monthly salary of AED 5,000 to apply for the loan.  You must be a UAE national or an expatriate.

Which Documents are Required to Apply for Al Hilal Bank Personal Loans in the UAE?

The set of documents required to apply for each Al Hilal personal loan is listed in the table below -

Al Hilal Bank Personal Finance	Documents Required
Sukuk Finance	A valid residence visa page (if applicable) A valid passport Previous 6 months’ bank statements Any additional documents as asked by the bank
Travel Finance	A valid passport A valid residence visa page (if applicable) Previous 6 months’ bank statements Any additional documents as specified by the bank
Settlement of Liabilities	A valid passport Previous 6 months’ bank statement A valid residence visa page (if applicable) Liability letters from other banks Any additional documents as requested by the bank
Medical Finance	A valid passport A valid residence visa page (if applicable) Previous 6 months’ bank statements Any additional documents as asked by the bank
Education Finance	A valid passport A valid residence visa page (if applicable) Previous 6 months’ bank statements Any additional documents as specified by the bank
Rent Finance	A valid passport A valid residence visa page (if applicable) Previous 6 months’ bank statements Any additional documents as asked by the bank
Service Finance	A valid passport A valid residence visa page (if applicable) Previous 6 months’ bank statements A valid quotation addressed to the lending institution Any additional documents as asked by the bank
Wedding Finance	A valid passport A valid residence visa page (if applicable) Previous 6 months’ bank statements Any additional documents as specified by the bank
Goods Finance	A valid passport A valid residence visa page (if applicable) Previous 6 months’ bank statements A valid quotation addressed to the bank  Any additional documents specified by the bank

Al Hilal Bank Personal Loan: Fees and Charges

Refer to the table below to know the fees and charges associated with Al Hilal personal loans -

Type of Fee	Charges
Issuance of Letter of Guarantee	Free
File Opening and Agency Fee/ Processing and Documentation Fee	1.05% of the Finance Amount (Min - AED 525 and Max - AED 2,625)
Liability Letter	AED 63
Cancellation of Application (Before Signing Agreement)	Free
Life Takaful Fee (Per Month)	0.013755% of the Outstanding Finance Amount
Instalment Postponement Administrative Fees	AED 105
Early Settlement (Non-Waived Profit)	1% of the Outstanding Murabaha Cost (Up to AED 10,000)
Partial Payments	Free
No Liability Certificate	Free
Advance Payments of Instalments	Free
Late Payment Amount- Each Missed Instalment (Payable to Charity)	AED 200
Replacement of Existing Post Dated Cheques OR Standing Instructions with UAE Direct Debit Authority- DDA	Free

Personal Loan Calculator

Here’s how you can use the Al Hilal personal loan calculator -

• Step1: Visit the official website of Al Hilal Bank.
• Step2: Click ‘Menu’ and select ‘Personal Finance’.
• Step3: Choose a desired personal loan product.
• Step4: Once directed to the next page, scroll to the bottom of the page.
• Step5: Locate the calculator and provide the required information. This will include the finance amount and the repayment tenure.
• Step6: Once you enter these details, the result will be generated automatically. 

When it comes to an online personal loan calculator, it indeed saves time as you can easily calculate your loan repayment options without having to visit multiple banks or other financial institutions. In addition to this, by knowing the estimated monthly repayment amount, you can determine whether you can afford to take out a personal loan and make adjustments to your monthly expenses accordingly.

How to Apply for Al Hilal Bank Personal Loan?

You can conveniently apply for an Al Hilal personal loan through our digital platform of policybazaar.ae. Simply navigate to the personal loan section from our website’s homepage and fill out the lead form with accurate information.

This will take you to our personal loan quotes page, where you can apply filters or find Al Hilal personal loans from the displayed list. Check the options carefully as per their features, click on the desired product, and follow the on-screen instructions to successfully complete the process.

Here’s what people are asking about Al Hilal Bank personal loans in the UAE -

Frequently Asked Questions