Al Hilal Bank Personal Finance Settlement of liabilities for UAE Nationals

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Al Hilal Bank Bank

Personal Finance Settlement of liabilities for UAE Nationals

Minimum Salary

AED 5K

Flat Rate

3.6%

Reducing Rate

6.53%

Loan Amount

AED 7500K

Early Settlement Fee

AED 0

Arrangement Fee

1%

Apply Now
minimum salary

AED 5K

Minimum Salary

flat rate

3.6%

Flat Rate

reducing rate

6.53%

Reducing Rate

max finance

AED 7500K

Loan Amount

early settlement fee

AED 0

Early Settlement Fee

arrangement fee

1%

Arrangement Fee

Apply Now

View details on bank page

Features

  • Required to submit bank statement for last 6 months
  • The rates applicable depend on salary ​​
  • Only UAE Nationals can apply for this finance
  • Minimum age of 21 years is required
  • The loan is provided for a interest rate of 6.53%
  • Minimum salary of AED 5000 is required
  • The reduction rate and the flat rate is 6.53% and 3.6%. This denotes that the computation done was a division of the reduction rate by 1.813
  • It is a requirement to transfer your salary to apply
  • Finance up to AED 7,500,000
  • Arrangement fee is 1% of loan amount

Benefits

  • Specifically designed to settle all liabilities with banks using the Islamic financing mode of Commodity Murabaha
  • High finance amounts
  • The Takaful premium is 0.025% charged per month on the outstanding finance amount
  • Repayment tenor of up to 4 years
  • No early settlement fee

Frequently Asked Questions

⭐ How can Al Hilal bank helps us in settling our liabilities with other banks?

A. Al Hilal bank can help you in settling your liabilities with other banks by using the Islamic mode of commodity Murabaha.

⭐ How is the interest rate calculated for the given finance?

A. The interest rate is calculated based on reducing balance.

⭐ Does it affect my co-applicant if I default in my loan?

A. Yes, it affects your co-applicants credit history.

⭐ Does making a large payment or additional payments causes any change in my monthly due amount?

A. Your monthly payment will remain the same but you'll be on track to pay your loan off early.

⭐ Who all are eligible to apply for personal loan in Al Hilal bank?

A. Salaried individuals, self- employed professionals and self- employed non-professionals are eligible to apply for Al Hilal personal loan .

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 Bank Customer Care

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