Imagine you can combine all your debts, pay for your child’s education, or handle unexpected expenses without hurting your financial stability. Al Hilal Bank, a top Islamic bank in the UAE, offers personal loans to help you do this, following Sharia rules. This guide will explain everything you need to know about getting an Al Hilal Bank personal loan in UAE.
Al Hilal Bank Overview:
Founded in 2007 on Shariah-compliant finance principles, Al Hilal Bank is a well-known and trusted financial institution in the UAE. It is famous for its customer-focused approach and commitment to Islamic values.
Al Hilal Bank provides various services, including personal and corporate banking, wealth management, and investment solutions. This article will give you all the important details about Al Hilal Bank personal loans, including their benefits, application process, fees, and more.
Why Choose Al Hilal Bank Personal Loan?
Picking the right bank for your loan is very important. Here’s why Al Hilal Bank is a great choice:
1. Follows Sharia Rules: Al Hilal Bank’s personal loans follow Islamic rules, so they are ethical and have no interest.
2. Customer-Focused: Al Hilal Bank puts customers first by offering loans that fit your needs.
3. Easy Application: The bank has a quick and simple loan application process, making it easy to get the money you need quickly.
Best Al Hilal Bank Personal Loan in UAE:
Here are the top Al Hilal Bank personal loan in UAE that are worth considering:
1. Cash Personal Finance
Features:
- Sharia-compliant: Islamic financing options.
- Loan Amount: Upto AED 2,000,000
- Repayment Term: Flexible terms up to 48 months.
- Approval: Fast and easy process.
Eligibility:
- Minimum salary: AED 5000
Required Documents:
- Valid Emirates ID and passport.
- Residence visa
- Salary certificate and bank statements. (latest 6 months)
Note: Any extra documents that Al Hilal Bank might need later, based on their policies and procedures.
How to Apply?
- Visit this URL.
- Scroll down, fill the form.
- Enter the customer ID if you are already a customer.
- You can enter your full name, email, and mobile number and select your emirate.
- Clear the captcha.
- Click “Submit”.
- After receiving your request, the bank will contact you directly regarding next steps.
2. Travel Finance
Features:
- Sharia-compliant financing: Islamic finance options.
- Loan Amount: Varies based on travel needs.
- Rates: Competitive rates
- Repayment Term: Up to 1 year
- Approval: Fast and straightforward process.
Eligibility:
- Minimum salary: AED 5000
Required Documents:
- Valid Emirates ID and passport.
- Residence visa
- Salary certificate and bank statements. (latest 6 months)
Note: Any extra documents that Al Hilal Bank might need later, based on their policies and procedures.
How to Apply?
- Visit this URL.
- Scroll down, fill the form.
- Enter the customer ID if you are already a customer.
- Give your full name, email address, and mobile number and select your emirate.
- Clear the captcha.
- Click “Submit”.
- After receiving your request, the bank will contact you directly regarding next steps.
3. Education Finance
Features:
- Sharia-compliant: Islamic financing options for higher education.
- Loan Amount: Varies based on education needs.
- Repayment Term: Up to 1 year
- Approval: Fast and straightforward process.
Eligibility:
- Minimum salary: AED 5000
Required Documents:
- Valid Emirates ID and passport.
- Residence visa
- Salary certificate and bank statements. (latest 6 months)
Note: Any extra documents that Al Hilal Bank might need later, based on their policies and procedures.
How to Apply?
- Visit this URL.
- Scroll down, fill the form.
- Enter the customer ID if you are already a customer.
- You can enter your full name, email, and mobile number and select your emirate.
- Clear the captcha.
- Click “Submit”.
- After receiving your request, the bank will contact you directly regarding next steps.
4. Rent Finance
Features:
- Sharia-compliant financing: Islamic finance options for renting.
- Loan Amount: High loan amounts.
- Repayment Term: Upto 1 year
- Approval: Fast and straightforward process.
Eligibility:
- Minimum salary: AED 5000
Required Documents:
- Valid Emirates ID and passport.
- Residence visa
- Salary certificate and bank statements. (latest 6 months)
Note: Any extra documents that Al Hilal Bank might need later, based on their policies and procedures.
How to Apply?
- Visit this URL.
- Scroll down, fill the form.
- Enter the customer ID if you are already a customer.
- You can enter your full name, email, and mobile number and select your emirate.
- Clear the captcha.
- Click “Submit”.
- After receiving your request, the bank will contact you directly regarding next steps.
5. Medical Finance
Features:
- Sharia-compliant Financing: The finance is structured according to Islamic principles.
- Loan Amount: High loan amounts for medical purposes.
- Repayment Term: Up to 1 year
- Profit Rate: competitive rates
- Approval: Fast and straightforward process.
Eligibility:
- Minimum salary: AED 5000
Required Documents:
- Residence visa
- Valid Emirates ID and passport.
- Salary certificate and bank statements. (latest 6 months)
Note: Any extra documents that Al Hilal Bank might need later, based on their policies and procedures.
How to Apply?
- Visit this URL.
- Scroll down, fill the form.
- Enter the customer ID if you are already a customer.
- Give your full name, email address, and mobile number and select your emirate.
- Clear the captcha.
- Click “Submit”.
- After receiving your request, the bank will contact you directly regarding next steps.
6. Wedding Finance
Features:
- Sharia-compliant Financing: Islamic finance options for wedding planning.
- Loan Amount: High loan amounts
- Repayment Term: Up to 1 year
- Profit Rate: Starting from competitive rates.
- Approval: Fast and straightforward process.
Eligibility:
- Minimum salary: AED 5000
Required Documents:
- Valid Emirates ID and passport.
- Residence visa
- Salary certificate and bank statements. (latest 6 months)
Note: Any extra documents that Al Hilal Bank might need later, based on their policies and procedures.
How to Apply?
- Visit this URL.
- Scroll down, fill the form.
- Enter the customer ID if you are already a customer.
- You can enter your complete name, email address, and mobile number and select your emirate.
- Clear the captcha.
- Click “Submit”.
- After receiving your request, the bank will contact you directly regarding next steps.
7. Goods Finance
Features:
- Sharia-compliant Financing: Islamic finance options.
- Loan Amount: Varies based on the purchase of:
- Furniture
- Electronics
- Home appliances
- Computers and accessories
- Other approved items.
- Profit Rate: Competitive rates.
Eligibility:
- Minimum salary: AED 5000
Required Documents:
- Valid Emirates ID and passport.
- Residence visa
- Salary certificate and bank statements. (latest 6 months)
- Quotation addressed to the Al Hilal bank.
Note: Any extra documents that Al Hilal Bank might need later, based on their policies and procedures.
How to Apply?
- Visit this URL.
- Scroll down, fill the form.
- Enter the customer ID if you are already a customer.
- Give your full name, email address, and mobile number and select your emirate.
- Clear the captcha.
- Click “Submit”.
- After receiving your request, the bank will contact you directly regarding next steps.
8. Service Finance
Features:
- Sharia-compliant Financing: Islamic finance options.
- Loan Amount: Tailored to your needs.
- Profit Rate: Competitive rates.
- Benefits: A wide range of services and goods supported:
- Hajj and Umrah
- Education and training
- Home rent
- Holiday packages and air tickets
- Any other approved items
Eligibility:
- Minimum salary: AED 5000
Required Documents:
- Valid Emirates ID and passport.
- Residence visa
- Salary certificate and bank statements. (latest 6 months)
- Quotation addressed to the Al Hilal bank.
Note: Any extra documents that Al Hilal Bank might need later, based on their policies and procedures.
How to Apply?
- Visit this URL.
- Scroll down, fill the form.
- Enter the customer ID if you are already a customer.
- You can enter your full name, email, and mobile number and select your emirate.
- Clear the captcha.
- Click “Submit”.
9. Settlement Of Liabilities
Features:
- Sharia-compliant Financing: Structured under Murabaha.
- Loan Amount: High loan amounts up to AED 2,000,000
- Repayment tenure: up to 48 months
- Profit Rate: Starting from 3% per annum
Eligibility:
- Minimum salary: AED 5000
Required Documents:
- Valid Emirates ID and passport.
- Residence visa
- Salary certificate and bank statements. (latest 6 months)
- Quotation addressed to the Al Hilal bank.
Note: Any extra documents that Al Hilal Bank might need later, based on their policies and procedures.
How to Apply?
- Visit this URL.
- Scroll down, fill the form.
- Enter the customer ID if you are already a customer.
- You can enter your full name, email, and mobile number and select your emirate.
- Clear the captcha.
- Click “Submit”.
Al Hilal Bank Personal Loan Requirements:
To apply for the Al Hilal Bank personal loan in UAE, you need to meet these requirements:
- A completed application form
- Your passport copy with a valid residence visa
- Your Emirates ID
- A salary certificate
- Bank statements from the last 3-6 months
Note: Additional Documents: According to its policies and procedures, Al Hilal Bank may require other documents later.
Al Hilal Bank Personal Loan Eligibility:
To be eligible for a personal loan from Al Hilal Bank, you need to meet the following criteria:
- Age: Must be 21 years and above
- Employment: Must have a stable job.
- Minimum Salary: Must earn at least AED 5,000 per month.
- Residency: Must live in the UAE.
Al Hilal Bank Personal Loan Interest Rate:
Al Hilal Bank offers personal loans with competitive profit rates. Here’s a simple explanation:
- Interest Rate: The rate for personal loans is competitive and depends on factors like loan amount, loan duration, and the applicant’s profile.
- Profit Rates: Being an Islamic bank, Al Hilal Bank uses profit rates instead of traditional interest, following Sharia principles.
- Rate Range: Profit rates usually range from 3% per year, which can vary based on individual situations and bank policies.
Al Hilal Bank Personal Loan Minimum Salary:
To qualify for a personal loan from Al Hilal Bank, you need to meet this salary requirement:
- Minimum Salary: You must earn at least AED 5,000 per month. This shows you have enough income to handle and repay the loan easily.
Al Hilal Bank Personal Loan Calculator:
To help you estimate your loan repayments, Al Hilal Bank provides an easy-to-use loan calculator. Here’s how it works:
- Enter Loan Amount: Enter the amount you want to borrow.
- Select Loan Tenure: Choose the repayment period (up to 48 months).
- Calculate: The calculator will show your monthly payments and interest rate based on the entered details.
Example Calculation:
| Loan Amount (AED) | Loan Tenure (Months) | Monthly Payment (AED) |
| 50,000 | 24 | 2,150 |
| 100,000 | 36 | 3,200 |
| 200,000 | 48 | 4,500 |
Note: These figures are for illustration purposes. Use the loan calculator on the Al Hilal Bank website for precise calculations.
Final Takeaway:
So that was all about the Al Hilal Bank personal loan. It is a good choice for people who need money and want to follow Islamic banking rules. It has low rates, high loan amounts, and flexible repayment plans, making it a strong option in the UAE.
This guide helps you understand Al Hilal Bank’s personal loan so you can decide if it’s right for you. Al Hilal Bank provides a dependable and Sharia-compliant option, whether you need to pay off debt, pay for education, or cover unexpected costs.
If you want to activate or deactivate your Al Hilal Bank debit card without any hassle, check out our latest guide on how to do so.
In case of emergencies or doubts, you can contact the Al Hilal Bank customer care at 600 522 22 if you are inside the UAE and +971 26 35 6020 if you are outside the UAE.
If you are new to the UAE, check out this beginner-friendly guide to navigating the personal loan maze in the UAE.
Frequently Asked Questions (FAQs)
Q. Can I get a loan from Al Hilal Bank?
To apply, you must have a minimum monthly salary of AED 5,000 and be a UAE national or expatriate.
Q. How long does it take to get loan approval?
The approval process is quick, often taking just a few days if all documents are in order.
Q. Is a Salary Transfer Mandatory?
While transferring your salary to Al Hilal Bank is preferred, it is optional. However, doing so may help you get better loan terms.
