Al Hilal Bank – Current Account
Minimum Salary
AED 0
Currencies
AED, GBP, USD, EUR
Feature
Free Cheque Book, Islamic Banking, Multiple Currencies

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Features:

  • Shariah Compliance: Fully compliant with Islamic banking principles.
  • Thumb Impression Recognition: Advanced security feature for account access.
  • Currency Options: Available in AED, USD, GBP, EUR, and CAD.
  • Personalized Visa Debit Card: Customizable Visa Debit Card with instant issuance.
  • Personalized Cheque Book: Free personalized cheque book with instant issuance.
  • Free E-Statement: Receive electronic statements at no extra cost.
  • Banking Facilities: Free access to Internet, Mobile, and SMS Banking.
  • 24/7 Automated Banking Service: Round-the-clock access to automated banking services.
Calculator Terminology

Principal Amount: The initial amount of money borrowed.

Annual Interest Rate (%): The yearly interest rate applied to the loan or credit product, also known as APR in this context.

Loan Term (Years): The original duration of the loan or credit agreement, stated in years.

Effective Monthly Payment: The total monthly payment that accounts for all fees and associated costs related to the product.

Calculated Annual Percentage Rate (APR): The APR is computed using the annual interest rate along with fees and other expenses. It serves as a standardized measure for comparing the overall cost of different products with varying interest rates and fee structures across different financial institutions.

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