Al Hilal Bank Rent 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

While one may live in a rented property for any reason, adverse situations that require significant funds for resolution may often make it difficult to pay the rent. In challenging situations like these, facing questions about your stay on the property can exacerbate the problem brought by other financial challenges. Plans like Al Hilal Bank Rent Finance can prove immensely beneficial here. 

This type of personal loan in UAE from Al Hilal Bank can prove to be a lifesaver as it allows you to keep up with the rent and manage other issues better. Read below to find out all the relevant details of Al Hilal Bank Rent Finance.

Al Hilal Rent 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 Rent Finance

Rental commitments can cause considerable stress and worry, especially amidst financial turbulence. Al Hilal Bank can easily provide financial assistance for your rental obligations, allowing you to pay back the loan in easy instalments with peace of mind. 

Find below the major features provided by Al Hilal Bank Rent Finance:

  1. Shariah-Compliant - This type of personal loan in UAE provided by Al Hilal Bank is Shariah-compliant, meaning that it will provide the necessary funds for the rent while following the Islamic laws regarding finance and lending.
  2. Sufficient Loan Tenure - AHB Personal Loan for Rent Finance has a 12-month loan tenure. Consequently, users can repay it without straining other finances.
  3. Low Rates of Interest - To ensure affordability, AHB Personal Loans can be availed at attractive interest rates and repaid with manageable interest amounts. UAE residents can obtain this loan at flat annual profit rates beginning at 2.90%, while the rates start at 3.40% for ex-pat clients.
  4. High Loan Amount - Al Hilal Bank provides personal loans with high credit limits to help you meet your rent obligations even for expensive properties.
  5. Minimal Documentation - Al Hilal Bank has greatly simplified the documentation requirements for their personal loan products. The applicant just has to present proof of identity and earnings to conclude the loan application procedure.
Apply best personal loan to get rid of financial problems

Interest Rates of Al Hilal Bank Rent Finance

Al Hilal Bank provides their customer with affordable profit rates for Rent Financing as described below:

Personal Loan Plan

Rate of Profit

Al Hilal Bank Rent Finance for UAE Nationals

Starting from 2.90% per annum

Al Hilal Bank Rent Finance for Expatriates

Starting from 3.40% per annum

Documents Required for Al Hilal Bank Rent Finance

While the bank may require extra documentation throughout the loan application process, the following is a list of the documents to be kept ready if you plan to apply for a personal loan from Al Hilal Bank:

  1. Residence VISA page
  2. Last 6-month Bank Statement
  3. Valid Passport

Eligibility Criteria of Al Hilal Bank Rent Finance

Be mindful of the eligibility criteria set by Al Hilal Bank for this type of personal loan in UAE provided by it, with the major eligibility requirements described below:

  • Age: Applicants are generally required to be at least 21 years old to be eligible for a personal loan in UAE.
  • Residency: Both UAE Nationals and ex-pats are allowed to apply for AHB personal loan products. However, documents regarding nationality may be requested at the time of application.
  • Salary Requirement: Al Hilal Bank has specified AED 5,000 as the minimum monthly salary requirement for its personal loan plan.

Minimum Age Requirement

21 years

Residency

UAE Nationals and Expatriates

Salary Requirements

AED 5,000 or above per month

Check loan eligibility and apply personal loan

How to Apply for Al Hilal Bank Rent Finance?

With an excellent online platform provided by Al Hilal Bank, you can easily apply for its personal loan in UAE. Simply fill out the requisite application form (whether going online or offline) and submit it with all the necessary documents. If your application is approved by the bank, you will be contacted for further procedures.

You can apply for Al Hilal Bank Rent Finance from the bank’s official website by signing in to the bank's website and choosing 'Finance' from the menu. Under this category, you can opt for 'Personal' from the financing choices. Select 'Rent Finance' and fill out the loan application with the necessary details. A bank executive will connect with you to finish the processing of your personal loan.

Applicants also have the option of visiting any local Al Hilal bank branch office and applying for a personal loan. Users can simply obtain an application form at the branch and submit it along with the required documents to start the process. However, for a more convenient experience, you can go online and save a significant amount of time.

It is always advisable to check out the top plans for a personal loan in UAE before moving to apply for a particular one. You can do all of that and even apply for a personal loan at policybazaar.ae. Given below are the steps for the same:     

  1. Visit policybazaar.ae and select 'Personal Loan'.
  2. Complete the short form on the following page under the Personal loan section.
  3. This will allow you to view all the top plans for your category in the UAE. 
  4. Compare the rates and features to get the best personal loan deal for you.
  5. To request a specific loan package, click 'Apply Now.'
  6. Complete the loan application with the specified details.
Can expatriates apply for an AHB personal loan in UAE?

Yes, both ex-pats and UAE nationals are eligible to apply for an AHB personal loan in UAE.

Can I close the personal loan account before the tenure ends?

Yes. Al Hilal Bank allows loan pre-settlement before the end of the loan tenure albeit with an early loan settlement fee applicable.

What is the minimum salary requirement for AHB personal loans?

Al Hilal Bank has set the salary requirement for personal loans to at least AED 5,000 per month.

What is the ongoing interest rate of an AHB personal loan in UAE?

AHB personal loans have an annual interest rate of 2.49% for UAE Nationals and 3.40% for Expatriates

How long is the AHB personal loan tenure?

You can obtain AHB personal loan for a tenure of up to 1 year.

How to apply for AHB Rent Finance?

To apply for AHB Rent Finance, you can visit the bank’s official website and go to the personal loan section there. Before that, you can check out the best personal loan plans in the UAE at Policybazaar UAE.

More From Personal Loans
Recents ArticlesPopular Articles