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Trending Now National Loan Scheme (NLS)


Al Hilal Bank – helping with finance for UAE Nationals

Introduced by the Central Bank of the UAE in March 2019, the NLS is a financial solution for UAE National customers who have a debt burden ratio (DBR) exceeding 50% and a tenure exceeding four years.

The NLS is based on an individual’s finances, (excluding home finance and finance against shares/deposits) being combined and restructured, then reducing the profit rate by applying the 3-month EIBOR*.

In confirming its participation and support for the NLS, Al Hilal Bank will receive finance applications from 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 enrol in this scheme.

NLS benefits

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

* EIBOR is the UAE Dirham Interbank Offered Rate. Where the finance profit rate is based on EIBOR, the amount of the instalment to be repaid may vary from time to time as a result of fluctuations in EIBOR.

Qualifying criteria for NLS

  • Customers must be UAE Nationals
  • Finances granted before May 2011
  • DBR exceeding 50% (30% for pensioners)
  • Existing finance residual tenure 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 instalment 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 tenure of the NLS finance or the repayment period
  • Proof of income as and when required by the Bank during the NLS finance tenure
  • 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 closed

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, subject to Al Hilal Bank's terms and conditions applicable to the finance, and upon submission of documentation acceptable to Al Hilal Bank.


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

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Other ways to apply

Contact centre

Contact us anytime anywhere available 24 /7
600 522 229

Apply through SMS

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

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