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 .

*No loan for :User_Nationality available in this page

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

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.