Al Hilal Bank Personal Loan

With flexible financing amounts and competitive profit rates, Al Hilal Bank personal loan is one of the top choices among UAE residents.

Al Hilal Bank Personal Loan — Key Features

Here are the key benefits of an Al Hilal personal loan are —

Al Hilal Bank Personal Loan Eligibility

To qualify for the Al Hilal personal loan, you need to meet the following eligibility criteria —

Eligibility Type	Criteria
Minimum Salary	AED 5,000
Nationality	Both UAE nationals and expats can apply

Al Hilal Bank Personal Loan Requirements

Given below is the list of documents required for Al Hilal Bank loan —

• Passport
• Residence Visa (applicable to expats)
• Previous 6 Months’ Bank Statements
• Liability Letter from the Other Bank

📝Note

• All documents must be valid
• Additional documents may be required

Apply for Al Hilal Personal Loan via Paisabazaar.ae

Paisabazaar.ae is your go-to platform for all loan needs. Prioritising customer satisfaction, we ensure a seamless and convenient application process.

Here’s how you can apply for an Al Hilal personal loan in a few easy steps —

STEP 1: Complete and submit the lead form

STEP 2: Locate the chosen product on the quotes

STEP 3: Hit the ‘Apply’ button

STEP 4: A ‘Successfully Applied’ message will be displayed on the screen

Applying via Paisabazaar.ae offers you a wide range of perks, including — 

• We have tie-ups with the top-most banks across the UAE
• Choose from a wide range of loan options available
• Get customer support assistance whenever you need it
• Access our website’s ‘Articles’ section for free

Al Hilal Bank Loan Calculator

Obtaining personal finance requires careful financial planning — an online personal loan calculator can simplify this process for you. This digital tool helps you estimate your monthly instalment, total repayment amount, and interest cost, ensuring you make well-informed borrowing decisions.

By entering key loan details — such as the loan amount, repayment tenure, and expected interest rate — you can instantly view your estimated monthly instalment. This lets you compare different loan options offered by banks and financial institutions in the UAE, making it easier to find an option that best suits your budget and needs.

The personal loan calculator is particularly useful for individuals seeking quick financial solutions without visiting a bank. It provides transparency, helping borrowers understand their repayment commitments before applying. Whether funding a wedding, covering medical expenses, or managing debt consolidation, this tool ensures borrowers choose an affordable and manageable loan.

The Al Hilal Bank loan calculator is available on the bank’s website.

Alternatively, you can use Paisabazaar.ae’s personal loan calculator for free without any hassle.

Al Hilal Bank Loan — Fees and Charges

Tabled below are the key fees and charges of the Al Hilal personal loan in the UAE —

Type of Fees	Charges
Early Settlement (Non-waived profit)	1% of the outstanding finance amount — maximum AED 10,000
Liability Letter	AED 63
No Liability Certificate	Free
Study and Documentation Fee	1.05% of the finance amount — Minimum — AED 525 Maximum — AED 2,625
Issuance of Guarantee Letter	Free
Monthly Life Takaful Fee	0.0146475% of the outstanding finance amount
Application Cancellation Fee (before signing agreement)	Free
Instalment Postponement Administrative Fee	Free
Replacement of Existing Post-dated Cheques or Standing Instructions with UAE DOA	Free

Al Hilal Bank Personal Loan — Terms and Conditions

The major terms and conditions of the Al Hilal Bank loan include —

• Al Hilal Bank's personal financing, known as Cash Personal Finance, is structured in accordance with Shariah principles, specifically utilising the Murabaha contract
  • This contract involves the bank purchasing a commodity and selling it to the customer at an agreed profit margin, ensuring transparency and compliance with Islamic finance laws
• Customers can apply for financing amounts starting from AED 5,000 up to AED 2,000,000, depending on their eligibility and financial requirements
• The repayment period is flexible, ranging from 12 to 48 months
• Borrowers have the option to settle their financing early
  • However, an early settlement fee may apply
  • It is advisable to refer to the bank's terms and conditions for detailed information
• Failure to meet the agreed instalment payments may result in the account going into arrears, adversely affecting the customer's credit rating and limiting access to future financing
  • In this case, legal action may be taken — the financed asset could be repossessed and disposed of to recover the outstanding amount
• Al Hilal Bank reserves the right to amend the terms and conditions of the personal finance facility
  • Such changes will be communicated to customers — continued use of the facility after amendments implies acceptance of the revised terms
• Prospective borrowers are encouraged to thoroughly read and understand all terms and conditions before proceeding with the application to ensure informed and responsible borrowing 

Note: For detailed terms and conditions, refer to the bank’s website.

How to Contact the Bank for Al Hilal Personal Loan Queries?

You can connect with the bank via these contact numbers —

• Within the UAE — 600522229
• Outside the UAE — +971600522229

Frequently Asked Questions