Check Eligibility for Noor
Business Loan

You are eligible to apply for a Noor
Business Loan .

You may not be eligible * to apply.

* Minimum Annual Turnover AED 2000000 required to apply for a Noor Business Loan .

Click here to check loans from other banks.

Noor Business Loan Calculator

Business Loan Provided By Noor

Check Eligibility for Noor Business Loan

You are eligible to apply for a Noor
Business Loan .

You may not be eligible * to apply.

* Minimum Annual Turnover AED 2000000 required to apply for a Noor Business Loan .

Click here to check loans from other banks.

Noor Business Loan Calculator

Zero Balance Free account

Features of Noor Business Loan

  • Shariah compliant loans
  • High loan amounts (up to AED 3 million)
  • Long & flexible repayment tenures (up to 48 months)
  • Current account with zero balance
  • Life Takaful coverage (for authorised signatory/Managing partner)

Eligibility Criteria of Noor Business Loan

  • Minimum period of operation: 2 years
  • Minimum annual sales turnover: AED 2 Million
  • Business must be allowed as per the Shariah

Must be registered in UAE as:

  • Limited Liability Company (LLC)
  • Sole Proprietor
  • Free Zone Companies
  • Branches/Subsidiaries of Offshore Entities

Documents Required of Noor Business Loan

  • National ID/Passport Copy w/ UAE Residence Visa
    (All signing authorities, as applicable)
  • Valid legal constitutive documents
    (Trade License, Certificate of commercial registration, Free Zone, Certificate of Incorporation, Memorandum of Association, Partnership Agreement | All documents as applicable)
  • Past 12 months Active Bank Account Statements
  • Power of Attorney (wherever applicable)
  • Past 2 years’ Audited Financials (wherever applicable)
  • Tenancy Contract & Utility (as applicable)
  • Original invoices & list of staff

Note: Noor finance may ask for more documentation to be done, if they see necessary. Please contact nearest office for more information in this regard.

Noor Business Loan Profit Rates

noor-bank Bank

1 Business Loans Provided By Noor

Business Finance

Flat Rate

9.92%

Reducing Rate

18%

Min Finance Amount

AED 50K

Max Finance Amount

AED 3000K

Early Settlement Fee

AED 0

Min Annual Turnover

AED 2000K

Tenure

48 Years

Approval Time

7 Days

Processing Fee

2%

9.92%

Flat Rate

18%

Reducing Rate

AED 50K

Min Finance Amount

AED 3000K

Max Finance Amount

AED 0

Early Settlement Fee

AED 2000K

Min Annual Turnover

48 Years

Tenure

7 Days

Approval Time

2%

Processing Fee

About Noor

Established in January 2008, Noor Bank (formerly known as Noor Islamic Bank), is a young bank providing a wide range of products and service. With a Mission of ‘wanting to be ranked among the top 100 most-innovative companies in the world’ and a Vision ‘to be recognised as the financial icon of Dubai’, the bank follows these values :

  • Customer Centricity
  • Innovation
  • Determination
  • Integrity
  • Responsibility

They believe that Islamic banking has the flexibility and the openness to enable them to offer a wide range of products and services when approached correctly.