Liabilities Settlement 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 | Stable employment with salary transferred to Al Hilal Bank and existing liabilities to be consolidated |
| Minimum Loan Amount | AED 5,000.00 |
| Maximum Loan Amount | AED 2,000,000.00 |
| Minimum Loan Tenure | 6 months |
| Maximum Loan Tenure | 48 months |
| Flat Interest Rate: | N/A |
| Reducing Interest Rate: | 3.99% - Consolidate debts under a Sharia-compliant contract, profit rate subject to eligibility |
| Processing Fee: | 1.00% - One-time fee on settled amount, with maximum cap |
| Early Settlement Fee: | 1.00% - A percentage of remaining amount if closed early |
| Late Payment Fee: | 0.00% - Handled as charitable donation in line with Sharia principles |
| Insurance Fee: | N/A - May require Takaful coverage for financed amount |
Required Documents
Emirates ID, valid passport/visa, salary certificate, liability statements from other banks
Promotions
Potential profit rate discounts for timely payers
Additional Benefits
Streamlined management of all debts under one facility
Features:
Ease of consolidating multiple liabilities at once
General Notes
Subject to final credit checks and bank approval
