Medical 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 job history with salary transferred to Al Hilal Bank |
| Minimum Loan Amount | AED 5,000.00 |
| Maximum Loan Amount | AED 200,000.00 |
| Minimum Loan Tenure | 6 months |
| Maximum Loan Tenure | 48 months |
| Flat Interest Rate: | N/A |
| Reducing Interest Rate: | 4.25% - Profit rate for healthcare expenses, subject to eligibility |
| Processing Fee: | 1.00% - Fee based on financed amount, up to a certain cap |
| Early Settlement Fee: | 1.00% - Portion of unpaid principal if settled before term ends |
| Late Payment Fee: | 0.00% - Handled via charitable donation as per Sharia principles |
| Insurance Fee: | N/A - May require Takaful coverage for the financed amount |
Required Documents
Emirates ID, medical bills or quotes, salary certificate
Promotions
Discounted processing fees at certain partner clinics or hospitals
Additional Benefits
Flexible repayment structure to accommodate longer treatments
Features:
Funds disbursed for medical procedures or hospital bills
General Notes
Aim to ease financial burden in medical emergencies, subject to bank’s final review
