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Noor Bank Personal Finance - For UAE Nationals

Noor Bank Bank

WarningMessage This product is discontinued by the Bank

Personal Finance - For UAE Nationals

Minimum Salary

AED 8K

Flat Rate

3.49%

Reducing Rate

6.33%

Loan Amount

AED 2000K

Early Settlement Fee

1%

Arrangement Fee

1%

Advantages

  • Free credit card
  • High loan amount
minimum salary

AED 8K

Minimum Salary

flat rate

3.49%

Flat Rate

reducing rate

6.33%

Reducing Rate

max finance

AED 2000K

Loan Amount

early settlement fee

1%

Early Settlement Fee

arrangement fee

1%

Arrangement Fee

Advantages

  • Free credit card
  • High loan amount

Features

  • Only UAE Nationals can apply for this scheme
  • The loan is provided for a interest rate of 6.33%
  • Minimum salary of AED 8,000 is required
  • The reduction rate and the flat rate is 6.33% and 3.49%. This denotes that the computation done was a division of the reduction rate by 1.814
  • It is mandatory to transfer your salary
  • Finance up to AED 2,000,000
  • Early settlement fee is 1% of the loan amount
  • Arrangement fee is 1% of loan amount

Benefits

  • Applicants can get up to AED 2,000,000 loan amount
  • Documentation is simple and easy
  • There is low salary requirement and long repayment period along with this scheme
  • Provides free credit card along with scheme
  • Availability of options like second finance and top-up

Frequently Asked Questions

⭐ What are the important documents that we need to submit to be eligible for Noor bank personal finance?

A. Important documents that you need to submit are:
1. Salary transfer letter
2. Three months bank statement
3. Valid copy of passport, Emirates ID and residency visa.

⭐ Do we need to provide collateral or security to apply for personal loan in Noor bank?

A. No, you need not provide collateral or security for personal loan in Noor bank.

⭐ Is Takaful coverage offered with this finance?

A. Yes,Takaful coverage is offered with Noor personal finance including optional family and job loss cover.

⭐ Do I need to maintain any minimum balance in the Noor bank account?

A. No, there is no requirement of maintaining a minimum balance in the Noor bank account.

⭐ Are self-employed individuals eligible for personal finance in Noor bank?

A. No, only salaried individuals are eligible for personal finance in Noor bank.

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.

   Get in touch with Noor Bank Customer Care

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