Check Eligibility for Al Hilal
Car Loan

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Car Loan .

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* Minimum salary AED 7000 required to apply for a Al Hilal Car Loan .

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Al Hilal Car Loan Calculator

Car Loan Provided By Al Hilal

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Check Eligibility for Al Hilal Car Loan

You are eligible to apply for a Al Hilal
Car Loan .

You may not be eligible * to apply.

* Minimum salary AED 7000 required to apply for a Al Hilal Car Loan .

Click here to check loans from other banks.

Al Hilal Car Loan Calculator

Features of Al Hilal Car Loan

  • Shari'ah compliant finance
  • Hassle free and quick approvals
  • Low and competitive profit rates
  • Flexible repayment tenures - up to 5 years
  • Takaful cover
  • Salary transfer is not mandatory
  • Joint income possibility (with blood relatives only)
  • High amounts of finance

Al Hilal bank offers Islamic finance on purchase of new as well as used cars.

Eligibility Criteria of Al Hilal Car Loan

  • Minimum age: 21 years
  • Minimum monthly income: AED 7000
  • Residence in UAE
  • Down Payment of 20%

Documents Required of Al Hilal Car Loan

  • Valid Emirates ID (For UAE NAtionals)
  • Copy of valid Passport (For Expatriates)
  • Copy a Valid Residence Visa (For Expatriates)
  • Past 3 months active bank account statements
  • All vehicle related documentation
  • Separate quotation addressed the bank

Note: The bank may, at its discretion ask for more documents if it sees fit. For more information, contact the nearest branch

Al Hilal Car Loan Profit Rates

Al Hilal Bank

2 Al Hilal Bank Car Loans

New Vehicle Finance

Minimum Salary

AED 7K

Flat Rate

2.35%

Reducing Rate

4.26%

Loan Amount

AED 500K

Early Settlement Fee

AED 0

Arrangement Fee

AED 1000

Down Payment

20%

minimum salary

AED 7K

Minimum Salary

flat rate

2.35%

Flat Rate

reducing rate

4.26%

Reducing Rate

loan amount

AED 500K

Loan Amount

early settlement fee

AED 0

Early Settlement Fee

arrangement fee

AED 1000

Arrangement Fee

down payment

20%

Down Payment

Features

  • Repayment period is up to 60 months
  • Interest rate for the given finance is 2.35%
  • Minimum salary requirement is AED 7,000
Apply Now

Features

  • Repayment period is up to 60 months
  • Interest rate for the given finance is 2.35%
  • Minimum salary requirement is AED 7,000
  • The reducing rate and the flat rate is 4.26% and 2.35%. This denotes that the computation done was a division of the reduction rate by 1.814
  • No salary transfer is required
  • Maximum loan amount is AED 500,000 that Al Hilal bank can provide
  • Early settlement fee is AED 0 of the finance amount
  • Processing fee is AED 1000
  • About 20% down payment is required for this finance

Benefits

  • High finance amount and low minimum salary requirement is there for given finance
  • Finance can be provided for new as well as old cars
  • Maximum repayment period is of 60 months
  • Approval is quick
  • Documentation is simple
  • Minimum salary requirement is low
  • Registration of the vehicle will be given on third party name
  • Finance up to 80% of the car price
Apply Now
View Details

View details on bank page

Used Vehicle Finance

Minimum Salary

AED 7K

Flat Rate

2.35%

Reducing Rate

4.26%

Loan Amount

AED 500K

Early Settlement Fee

AED 0

Arrangement Fee

AED 1000

Down Payment

20%

minimum salary

AED 7K

Minimum Salary

flat rate

2.35%

Flat Rate

reducing rate

4.26%

Reducing Rate

loan amount

AED 500K

Loan Amount

early settlement fee

AED 0

Early Settlement Fee

arrangement fee

AED 1000

Arrangement Fee

down payment

20%

Down Payment

Features

  • Repayment period is up to 60 months
  • Interest rate for the given finance is 2.35%
  • Minimum salary requirement is AED 7,000
Apply Now

Features

  • Repayment period is up to 60 months
  • Interest rate for the given finance is 2.35%
  • Minimum salary requirement is AED 7,000
  • The The reducing rate and the flat rate is 4.26% and 2.35%. This denotes that the computation done was a division of the reduction rate by 1.814
  • No salary transfer is required
  • Maximum loan amount is AED 500,000 that Al Hilal bank can provide
  • Early settlement fee is AED 0 of the finance amount
  • Processing fee is AED 1000
  • About 20% down payment is required for this finance

Benefits

  • High finance amount and low minimum salary requirement is there for given finance
  • Finance can be provided for new as well as old cars
  • Maximum repayment period is of 60 months
  • Approval is quick
  • Documentation is simple
  • Minimum salary requirement is low
  • Registration of the vehicle will be given on third party name
  • Finance up to 80% of the car price
Apply Now
View Details

View details on bank page

About Al Hilal

An Islamic bank, headquartered in Abu Dhabi, the Al Hilal Bank was founded by the Abu Dhabi Investment Council and is a government of Abu Dhabi undertaking. The bank was founded in 2008, and currently, has over 25 branches and a network of more than 100 ATMs across the UAE. According to the bank, the Al Hilal bank works with a mission, “To contribute to the national growth and prosperity of the UAE whilst raising the positive profile of Islamic banking globally, in turn, creating value for all stakeholders.”

Corporate Values of the Al Hilal Bank:

  • Principled: Doing what is right is always the right thing to do. The Performance with consistency.
  • Professional: Providing answers to questions, attending quickly and efficiently to requests and solving problems on the spot.
  • Progressive: Making banking simpler, easier and faster for you.
  • Partnership: A bank that values you, for being you. A bank that helps you make things happen.

   Get in touch with Al Hilal Customer Care

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