Education Finance
| Islamic Finance | Yes |
| Minimum Salary | AED 5,000 |
| Minimum Age | 21 years |
| Maximum Age | 65 years |
| UAE Nationals Eligible | Yes |
| Expatriates Eligible | Yes |
| Salaried Eligible | Yes |
| Self-Employed Eligible | No |
| Salary Transfer Required | Yes |
| Employment Criteria | Verified salary transfer to Al Hilal Bank and proof of enrollment or tuition fee schedule |
| Minimum Loan Amount | AED 5,000.00 |
| Maximum Loan Amount | AED 300,000.00 |
| Minimum Loan Tenure | 6 months |
| Maximum Loan Tenure | 48 months |
| Flat Interest Rate: | N/A |
| Reducing Interest Rate: | 4.00% - Profit rate specialized for educational needs, may vary based on institution |
| Processing Fee: | 1.00% - Applied to total financed tuition fee |
| Early Settlement Fee: | 1.00% - Percentage of unpaid principal if closed early |
| Late Payment Fee: | 0.00% - Donation-based approach if installment is missed |
| Insurance Fee: | N/A - Takaful coverage may apply depending on loan size |
Required Documents
Emirates ID, university/institution fee schedule, salary certificate
Promotions
Occasional discounts on processing for recognized educational institutions
Additional Benefits
Repayment aligned with academic calendar or monthly salary dates
Features:
Easy path to fund higher education or specialized courses
General Notes
Facilitates academic and professional growth within Sharia guidelines
