Compare and find the best personal loan rates in UAE. We'll show you everything you need to know about getting the best rates on a personal loan.
Get personal loan at Lowest Interest Rate
Al Hilal Bank is one of the leading Islamic financial institutions in the UAE. Founded in 2007, it has grown to become a prominent player in the country's banking sector, with a focus on providing Sharia-compliant financial solutions to individuals, businesses, and government entities.
The bank offers a comprehensive range of products and services related to personal banking, corporate banking, wealth management, investments, and loans. In this article, we will focus on the last part, specifically on Al Hilal personal loans.
With Al Hilal personal loans, you can easily get funds to fulfil your personal requirements without much waiting. However, to find whether these loans are feasible as per your budget, it’s crucial to be aware of the Al Hilal personal loan interest rates.
Let’s read on to know more about Al Hilal personal loan interest rates in the UAE.
The flat rates for Al Hilal personal loans are as follows -
|Salary in AED||Profit Rate|
|5,000 - 59,900||3%|
|60,000 and above||2.9%|
|Salary in AED||Profit Rate|
|5,000 - 39,900||4.65%|
|40,000 - 79,900||3.90%|
|80,000 and above||3.40%|
|Salary in AED||UAE Nationals||UAE Expatriates|
|5,000 - 39,900||3%||3.25%|
|40,000 and above||2.90%||3.05%|
Al Hilal Bank offers personal loans across multiple categories. Note that all the available financing options are Sharia-compliant products. Discussed below are all the major ones and their key features:
Discussed below are some of the primary aspects that influence the Al Hilal personal loan interest rates in the UAE -
To know the Al Hilal personal loan-related fees and charges, refer to the table below -
|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 (Minimum AED 525 and Maximum AED 2,625)|
|Liability Letter||AED 63|
|Application Cancellation Fee (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)|
|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|
Follow these steps to use the Al Hilal personal loan calculator -
An online personal loan calculator is a powerful tool that can help you make informed financial decisions when obtaining a personal loan. With such a tool, you can get an accurate estimate of monthly repayments, including interest, fees, and other charges. This information is of great help in understanding the financial commitment of taking out a personal loan and planning accordingly. Apart from this, you can compare different loan options and the respective instalments from different lenders with this tool.
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 if you can afford to take out a personal loan and make adjustments to your monthly expenses accordingly.
Ans: To apply for Medical Finance at Al Hilal Bank, you would need to present the following documents -
Ans: You must have a minimum monthly salary of AED 5,000 to apply for the Al Hilal Bank personal loan in the Emirates.
Ans: You can directly get in touch with the bank officials at 600 522 229 or clarify your queries by visiting your nearest bank branch.
Ans: No, the bank offers fixed interest/profit rates on all its personal loan products.