Al Hilal Bank Vehicle Finance 2024 New Features

Minimum Salary

AED 5,000

Monthly Payment

AED 1,748

Flat Rate


Down Payment

20 %

Salary Transfer


Early Settlement Fees


Maximum Term

5 Years

Reducing Rate


In the fast-paced world, owning a vehicle has become more of a necessity than a luxury. Al Hilal Bank recognizes this need and offers a comprehensive vehicle finance solution to make your dream of owning a vehicle a reality.

Understanding the Features

Al Hilal Bank’s Vehicle Finance comes with a range of features designed to make the financing process seamless and affordable. The bank offers competitive interest rates, providing borrowers with a cost-effective solution. The repayment options are flexible, allowing borrowers to choose plans that align with their financial capabilities. Moreover, the approval process is quick, ensuring that you can hit the road with your new vehicle in no time.

  • Shariah-compliant finance for vehicle
  • Simple approval process
  • Profit rates are competitive
  • High finance amount
  • Tenure up to 5 years
  • Easy documentation and fee
  • No salary transfer required
  • Joint income possibility
  • Vehicle registration on 3rd party nam

Eligibility Criteria

Before diving into the application process, it’s essential to understand the eligibility criteria set by Al Hilal Bank. The bank considers factors like age, nationality, employment, and income when evaluating applicants. Meeting these criteria is crucial to ensure a smooth application process.

Required Documents

To facilitate a speedy application process, gather the necessary documents beforehand. Al Hilal Bank typically requires identification documents, income proof, and details about the vehicle you intend to finance. Having these documents in order streamlines the approval process.

  • Salary requirement of AED 5,000
  • A down payment 20%
  • Valid passport
  • Residence visa
  • 3 months’ bank statements

Benefits of Al Hilal Bank Vehicle Finance

Choosing Al Hilal Bank for your vehicle finance needs comes with various benefits. The bank’s focus on cost-effective financing means you get more value for your money. The repayment plans are designed to be budget-friendly, allowing you to enjoy the perks of vehicle ownership without straining your finances.

The convenience of the application process is another standout feature. Al Hilal Bank offers online application options, and dedicated support teams are ready to assist you throughout the process.

Customer Experiences

Don’t just take our word for it—hear from our satisfied customers. Testimonials and success stories highlight the positive experiences individuals have had with Al Hilal Bank Vehicle Finance. These firsthand accounts provide insights into the real-world benefits of choosing Al Hilal Bank as your financing partner.

Tips for a Successful Application

To increase your chances of a successful application, follow these tips. Ensure you meet the eligibility criteria, organize the required documents efficiently, and take the time to understand the terms and conditions associated with the financing.

Comparison with Other Financing Options

Wondering how Al Hilal Bank’s Vehicle Finance stacks up against other options in the market? We break down the unique features, compare interest rates, and showcase the advantages of choosing Al Hilal Bank for your vehicle financing needs.

Abu Dhabi Commercial Bank
Abu Dhabi Commercial Bank-Islamic
Abu Dhabi Islamic Bank
Ajman Bank
Arab Bank
Commercial Bank International
Commercial Bank of Dubai
Dubai Islamic Bank
Emirates Islamic
Emirates NBD
Finance House
First Abu Dhabi Bank
National Bank of Fujairah
National Bank of Umm Al Qaiwain
Noor Bank
Sharjah Islamic Bank
Standard Chartered Bank
United Arab Bank
simplylife from ADCB

Al Hilal Bank

Al Hilal Bank is a prominent Islamic financial institution based in the United Arab Emirates (UAE), with its headquarters located in Abu Dhabi. Established in 2008, the bank operates in accordance with Sharia principles, offering a range of Islamic banking products and services to individuals, businesses, and government entities. Al Hilal Bank is known for its commitment to ethical and socially responsible banking practices, adhering to Islamic finance principles such as avoiding interest-based transactions (riba) and investing in Sharia-compliant ventures. The bank has played a significant role in contributing to the growth of Islamic banking in the UAE and the wider region, providing customers with innovative and tailored financial solutions while maintaining adherence to Islamic financial principles.

If you're in the market for a car loan, you're in the right spot. We offer an extensive selection of over 40 diverse car loan options for you to consider. We've carefully assessed criteria such as minimum salary requirements, monthly repayment plans, and the flat rate percentage.