Credit Bureau Consent, Welcome Offer & General Terms & Conditions

I hereby acknowledge and agree to allow Citibank to share my details with any UAE credit bureau and make enquiries about me with any UAE credit bureau at its sole and absolute discretion. I agree to the Terms and Conditions listed below. Citibank Terms and Conditions apply, are subject to change without prior notice and are available upon request. For the current Terms and Conditions, please visit our website www.citibank.ae. All offers are made available on a best-effort basis and at the sole discretion of Citibank, N.A. Citibank, N.A. makes no warranties and assumes no liability or responsibility with respect to the products and services provided by partners/other entities. By inquiring about our services, offers or products, you will be authorizing our representatives to approach you on your contact details including your telephone/mobile number for any product or service offered by Citibank. The applicant agrees to be bound by Citibank’s General Terms and Conditions available on the website www.citibank.ae. The applicant hereby represents and warrants that the information provided herein is true, accurate, and complete and that he/she agrees to remain responsible for and to indemnify Citibank, N.A. from and against any losses, claims and/or liabilities incurred by Citibank NA as a result of having relied on such information. Citibank, N.A. is not required to verify the information provided by the applicant and neither is the bank obliged to provide the applicant with any loans or credit facilities based on the provided information. The products and services mentioned on this website are not offered to individuals resident in the European Union, European Economic Area, Switzerland, Guernsey, Jersey, Monaco, San Marino, Vatican, The Isle of Man or the UK. This page is not, and should not be construed as, an offer, invitation or solicitation to buy or sell any of the products and services mentioned herein to such individuals.

0 People rated this page

Noor Bank Home Finance - Flexi

Noor Bank Bank

WarningMessage This product is discontinued by the Bank

Home Finance - Flexi

Minimum Salary

AED 10K

Flat Rate

2.04%

Reducing Rate

3.74%

Loan Amount

AED 10000K

Early Settlement Fee

1%

Arrangement Fee

1%

Down Payment

40%

Repayments Up To

25 Years

minimum salary

AED 10K

Minimum Salary

flat rate

2.04%

Flat Rate

reducing rate

3.74%

Reducing Rate

max finance

AED 10000K

Loan Amount

early settlement fee

1%

Early Settlement Fee

arrangement fee

1%

Arrangement Fee

down payment

40%

Down Payment

repayment

25 Years

Repayments Up To

Features

  • Both self-employed and salaried individuals are eligible
  • Minimum salary of AED 10000 is required
  • Home Finance is provided at a fixed interest rate of 2.04%
  • Home Finance is provided on a reducing interest rate of 3.74%
  • Salary transfer is not required
  • Maximum loan amount provided is AED 25000000
  • Life and property insurance is required
  • 1% of the total loan amount is charged as processing fees
  • The loan is provided for a maximum tenure of 25 years
  • 40% of the property value should be paid as the down payment
  • 1% of outstanding loan amount is charged on early settlement

Benefits

  • Flexible profit rates
  • Both UAE Nationals and Expats are eligible
  • Can get pre-approval details
  • Quick processing
  • A high amount of finance is provided
  • Salary transfer is not required
  • Can start monthly payments after 60 days of the loan approval

Frequently Asked Questions

⭐ What is the maximum finance provided?

A. 60% of the property value is provided as maximum finance.

⭐ Can I skip any monthly payments?

A. Yes, you can skip first 2 months payments once the loan is approved.

⭐ How much is it charged for property and life insurance?

A. 0.5% is added to the reducing rate that is charged to property and life insurance.

⭐ Can I get pre-approval details for free?

A. No, there is a minimal fee to get pre-approval details.

⭐ What are the documents required for getting pre-approval details?

A. You need to provide identity proofs and income proofs to get pre-approval details.

⭐ Do I need to submit property documents to get pre-approval details?

A. No, to get pre-approval details property documents are not required.

⭐ Is sale deed a mandatory document?

A. Yes, sale deed is a mandatory document.

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