Frequently Asked Questions

Halal Loans is Australia's leading Islamic finance provider. We offer Sharia-compliant home loans, commercial finance, and refinancing solutions that don't involve interest (riba). Our products are structured using Islamic finance principles like Ijarah (lease-to-own) and Diminishing Musharakah (shared ownership).

Our loans are structured to avoid interest (riba), which is prohibited in Islam. Instead, we use approved Islamic finance structures that have been certified by our panel of Islamic scholars. These structures involve profit-sharing, leasing, or co-ownership rather than lending money at interest.

Yes, all our products are reviewed and certified by our Sharia advisory board, which consists of qualified Islamic scholars who ensure our products comply with Islamic finance principles.

With our Islamic home finance, we either purchase the property alongside you (Diminishing Musharakah) or purchase it and lease it to you (Ijarah). Over time, you buy out our share until you own the property outright. This avoids interest while still allowing you to purchase a home.

Typically, you'll need a minimum 5-10% deposit for owner-occupied properties. Investment properties generally require 10-20% deposit. We also have options for low-deposit scenarios and can discuss your specific situation.

Yes! We specialise in helping first home buyers achieve their dream of home ownership through Sharia-compliant financing. You may also be eligible for first home buyer grants and stamp duty concessions.

Yes, first home buyers using Islamic finance may still be eligible for government grants like the First Home Owner Grant (FHOG), First Home Buyer Guarantee, and stamp duty concessions. We can help you understand what you're eligible for.

Start by filling out our online enquiry form or calling us on 1300 425 252. We'll have a brief chat to understand your needs and check your eligibility. From there, we'll guide you through the documentation and application process.

Pre-approval can often be obtained within 48 hours. Full approval depends on the complexity of your application and how quickly you can provide the required documents, but typically takes 1-3 weeks.

Generally, you'll need proof of identity, proof of income (payslips, tax returns), bank statements, proof of assets, and details of any existing debts. For self-employed applicants, we may need business financial statements.

Not necessarily. While there may be small differences in some fees, our rates are competitive with conventional loans. The overall cost of ownership is comparable, and many customers find the peace of mind of halal financing invaluable.

Typical fees include application fees, valuation fees, legal fees, and ongoing service fees. These are similar to conventional loans. We provide full transparency on all fees upfront so there are no surprises.