Al Hilal Bank Personal Finance

Minimum Salary
5.000,00 د.إ

Flat Rate
2.65%

Reducing Rate
AED 4.99%

Maximum Term
4 Years

Monthly Payment
AED 2,450

Description

Al Hilal Bank’s Shariah-compliant personal finance delivers flat profit rates starting from 2.63% p.a. on Murabaha contracts, financing up to AED 4 million, and offers fixed monthly instalments, optional Takaful protection, and transparent fees, making it ideal for ambitious borrowers seeking predictable payments and Islamic finance compliance.

Features

Profit Rates and Finance Amounts

Al Hilal Bank Personal Finance uses a fixed flat profit rate structure via Murabaha:

Starting Flat Profit Rate:63% p.a.
Equivalent Reducing Balance Rate: 4.85% p.a.
Minimum Facility Amount: AED 5,000
Maximum Facility Amount: AED 4,000,000 (varies by profile and credit evaluation)
Tenure: 12–48 months (up to 60 months for GHQ staff)

Eligibility Criteria

Applicants must meet the following:

Age: 21–60 years at application
Minimum Salary: AED 5,000 per month
Nationality: Open to both UAE Nationals and Expatriates
Employment: Confirmed service; salary transfer to Al Hilal Bank account
Credit Check: Consent for Al Etihad Credit Bureau inquiry

Detailed Schedule of Fees and Charges

Fee Type	Charge
Application Cancellation (before signing)	Free
Study & Documentation Fee	1.05% of finance amount
Early Settlement (Non-waived profit)	1% of outstanding balance (max AED 10,000)
Liability Letter	AED 63
No-Liability Certificate	Free
Monthly Life Takaful Fee (mandatory)	0.0146475% of outstanding finance balance
Instalment Postponement Administrative Fee	Free
Replacement of Post-dated Cheques/Standing Instructions	Free
Delayed Payment Commitment to Donate	AED 200 per missed instalment
Issuance of Guarantee Letter	Free
Duplicate Statement	AED 47.25

(All charges inclusive of VAT unless stated otherwise)

Documents Required

Required documents include:

Completed Al Hilal Bank Personal Finance application form
Valid passport copy (and UAE residence visa for expats)
Valid Emirates ID copy
Recent salary certificate or salary transfer letter (issued within 30 days)
Last 3 months’ bank statements
Details of existing liabilities or finance statements
Signed Al Etihad Credit Bureau consent form

Additional Info

Shariah Compliance: Murabaha contract via Tawarruq ensures Islamic principles.
Fixed Instalments: Predictable monthly payments over the tenure.
High Financing Limits: Up to AED 4 million based on credit profile.
Optional Takaful Protection: Mandatory coverage shields outstanding balance.
No Collateral or Guarantor: Unsecured facility.
Speedy Processing: Pre-approval and disbursement within days.
Flexible Tenures: Up to 48 months (60 months for GHQ staff).
No Instalment Postponement Fees: Unlimited deferments at no cost.