AI Hilal Bank Personal Loan Eligibility - Check out the Eligibility Criteria for AI Hilal Personal Loan in UAE like Minimum Salary, Age, Document Required, Nationality, Salary Transfer & More.
Al Hilal Bank offers some of the most impeccable banking solutions, which include personal loans that can go up to 20 times your salary. This Shariah-compliant finance option follows the concept of Shariah Murabaha. You can settle the loan in a flexible tenure of up to 4 years and use it to pursue higher education, renew your home, pay off medical bills, settle your accumulated debts, and so on.read more
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Get personal loan at Lowest Interest Rate
A personal loan is a great financing option to fulfil myriad financial requirements, and the Al Hilal Bank personal loan is one of the best in its segment in the UAE. There are many benefits of applying for a loan with a bank. You could get benefits from Al Hilal Bank, like joining the Al Hilal Bank rewards program.
This loan is available for both the residents of UAE and expats. The loan amount limit for applicants is up to 20x of their salary. The interest rates offered to natives and expats on the loans are 3% and 4.65%, respectively.
Given below are the unique features of the Al Hilal Bank personal loan:
Favourable loan terms - The terms of the Al Hilal Bank personal loan are attractive, and it helps you to manage your credit better. With competitive interest rates and favourable repayment terms, you can now have a pleasant borrowing experience.
High loan quantum - The maximum amount of Al Hilal Bank personal loan one can apply for is up to 20 times the applicant's monthly salary. Hence, you can meet a host of financing requirements.
Sukuk finance - It uses the Shariah Murabaha. In this option, you can purchase National Bond saving certificates according to your requirement.
Settlement of liabilities - The bank helps you to settle all your liabilities with other UAE banks under the Islamic Financing mode of Tawarruq or commodity marketing.
Comes with no usage restrictions - Since there is no restriction on its usage, you can utilise the funds to fulfil a host of monetary needs like travel, higher education, rent, medical bills, and wedding, to name a few.
Point system - Al Hilal Bank has a points rewards Joud membership program where points are rewarded over the loan amount.
The Al Hilal Bank levies a reduced interest rate on personal loans. In this method, the interest rate gets reduced with the payment of every instalment. The rate of interest is easily calculated by using the Al Hilal Bank calculator for personal loans.
AL Hilal Bank personal loan interest rate |
|||
---|---|---|---|
Category |
Interest Rate |
Salary Transfer |
Minimum Salary Required |
3% p.a. |
Required |
AED 7,000 |
|
3.25% p.a. |
Required |
AED 7,000 |
*Interest Rates can change as per the change in bank policies
You get Joud points with an Al Hilal Bank personal loan for expats/UAE Nationals. These points can be redeemed for shopping vouchers for many UAE malls and also for spa and massage treatments.
The Al Hilal Bank personal loan eligibility criteria help in the assessment of a loan applicant's creditworthiness and the lending risk for the bank.
The following personal loan documents need to be furnished for applying for an Al Hilal Bank personal loan:
The document requirements may change as per the change in Al Hilal Bank's policies. For further details, you can call on the Al Hilal Bank customer care contact number for loan application requirements.
There are three modes of application
First Mode – Online query
Second Mode- In-person visit to Al Hilal Bank
Third Mode - Call the Customer Support Team personally
While applying for an Al Hilal Bank personal loan, you as an applicant should compute the EMIs in advance for better financial planning. Now, EMIs, or equated monthly instalments, are what help you to repay your credit in a systematic way and without any additional financial burden. Now to compute and find the amount, you can use an online EMI calculator. It gives you an estimate of your prospective monthly instalment.
The personal loan calculator of Al Hilal Bank is an online tool that helps compute your personal loan's EMI. For an estimate, first of all, visit the Al Hilal Bank's official website. Then browse to the tab that is named personal loan or personal finance. You will see the Al Hilal Bank personal loan calculator there on the web page of the loan you need. Feed the required details in the calculator like the amount of loan, interest rate, number of instalments, etc. The EMI amount will be calculated and displayed.
You can use the Al Hilal Bank personal loan calculator to calculate your EMI before application.
UAE residents who have applied for an Al Hilal Bank personal loan will get a response within a day of form submission.
Existing borrowers can get top-ups on existing loans. But these top-ups extend the tenure of payment, and the interest rate for the top-up depends upon the amount.
Yes, the Al Hilal Bank offers points benefits on the personal loan. Borrowers can earn points on the borrowed amount.