| Minimum Salary | Salary Transfer | Islamic Finance | Maximum Term | Flat Rate | Reducing Rate | |
|---|---|---|---|---|---|---|
Al Hilal Bank - Travel Finance
|
Minimum Salary: AED 5,000 | Salary Transfer: No | Islamic Finance: No | Maximum Term: 1 Years | Flat Rate: 0.0% | Reducing Rate: 0.0% |
Travel can either be a source of leisure or a necessity in life. Either way, Al Hilal Bank helps you get to your destination without worrying about the cost. With Al Hilal Bank, you may unwind and enjoy the trip, without fretting about the details.Al Hilal Bank’s Travel 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 travel.You can obtain finance for the travels that you planned for and pay in easy flexible installments.
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
