Trending Now National Loan Scheme (NLS)


Helpful finance for UAE nationals

The National Loans Scheme was announced by the Central Bank of the UAE in March 2019. The NLS is designed as a solution to assist UAE national customers who have a debt burden ratio (DBR) exceeding 50% and a tenure exceeding four years.

The NLS is based around current finances, excluding home finance and finance against shares/deposits, being combined and restructured, by reducing the profit rate (applying 3-month EIBOR*).

Al Hilal Bank confirms its participation in and support of the NLS, and will receive finance applications from our UAE National customers who meet the NLS criteria, as outlined by the Central Bank.

We will contact our eligible customers by phone, SMS and email during the availability period. Eligible customers can also contact us directly to enroll in this scheme.

NLS benefits

  • Consolidate your existing facilities with Al Hilal Bank under one finance.
  • Reduce your rate of interest to 3 months EIBOR*.
  • Reduce your DBR to 50%.

Qualifying criteria for NLS

  • Customer must be a UAE national.
  • Finances granted before May 2011.
  • DBR exceeding 50% (30% for pensioners).
  • Existing finance residual tenor exceeding 48 months (60 months for GHQ employees).

NLS mandatory provisions

  • Draw-down finance in case of additional income, e.g., Bonus.
  • Automatic increase in the monthly installment in the event of increase in income in line with NLS regulations.
  • Irrevocable salary assignment from existing / future employers until full settlement of the NLS finance.
  • Assignment of unencumbered rental income to Al Hilal Bank.
  • No EMI deferments or payment holiday to be requested during the entire NLS finance tenure.
  • No further financing with any banks / financial institutions in the UAE during the tenor of the NLS finance or the repayment period.
  • Proof of income as and when required by the Bank during the NLS finance tenor.
  • The structured finance status in Al Etihad Credit Bureau will be reported under the NLS, which will not allow the customer to apply for any new financing neither with Al Hilal Bank nor with any other bank/financial institution until the NLS is fully settled and close.

Required documents

  • Personal Finance Application Form
  • Emirates ID
  • Latest Income document
  • Undertaking and Declaration Form
  • Consent Form


For NLS FAQs: click here

Terms and conditions apply

All finance approvals are at the sole discretion of Al Hilal Bank and subject to Al Hilal Bank's terms and conditions applicable to the finance and upon submission of documentation acceptable to Al Hilal Bank.

* EIBOR is the UAE Dirham Interbank offered rate. If the finance profit rate is based on EIBOR, the collection of instalment may vary from time to time as a result of fluctuations in EIBOR.


Al Hilal Bank Terms and Conditions apply, which are subject to change without prior notice and are available on Al Hilal Bank website

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Other ways to apply

Contact centre

Contact centre

Contact us anytime anywhere available 24 /7
600 522 229

Apply through SMS

Apply through SMS

SMS 'NLS' to 2494 from your registered mobile number.

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