| Minimum Salary | Salary Transfer | Islamic Finance | Maximum Term | Flat Rate | Reducing Rate | |
|---|---|---|---|---|---|---|
Al Hilal Bank - Medical Finance
|
Minimum Salary: AED 5,000 | Salary Transfer: Yes | Islamic Finance: No | Maximum Term: 1 Years | Flat Rate: 0.0% | Reducing Rate: 0.0% |
Our health is precious, and sometimes in life, medical needs or emergencies arise that can place a huge burden on us. In times of need, you can turn to Al Hilal Bank’s Medical Finance for the necessary support to get the treatment you or your loved ones deserve. We work with you to find a solution that will deliver the necessary medical attention you need.Al Hilal Bank’s Medical Finance is designed according to the principles of Shariah. Under the relevant Shariah contract, the bank will enable you to avail the desired services related to your medical expenses.You can obtain finance for easy access to the necessary treatment and pay in easy flexible installments.
When poor health creates financial challenges, we’ll let you pay for treatment in easy flexible instalments..
From 3% Profit rates (flat p.a.) for UAE Nationals
From 3.05% Profit rates (flat p.a.) for expatriate customers
Features
- Shariah-compliant finance
- High finance amounts
- Competitive rates
- Payment tenure of up to one year
- No down payment required
Eligibility
- Minimum salary requirement of AED 5,000
- A valid passport
- Residence visa page (as applicable)
- Latest 6 months bank statements
- Any other additional documentation which may be required thereafter according to the Al Hilal Bank policies and procedure
** Calculator Definitions
Amount:
The total amount of money borrowed, also referred to as the principal amount.
Rate (%):
This is the annual interest rate on the product which is equivalent to APR, which is going to be calculated in this example.
Years:
This is the original term or length of the product, stated in years.
Effective Monthly Payment:
This is the effective monthly payment, which takes into consideration fees and other costs associated with this product. The effective monthly payment is the basis for the APR calculation.
Calculated Annual Percentage Rate (%):
The Calculated Annual Percentage Rate (APR) is determined using the annual interest rate of the product plus fees and other costs. This rate may differ from bank to bank. APR is useful when comparing two or more products with different interest rates and fee structures.
Representative Example Calculator
