Check Eligibility for Noor
Personal Loan

You are eligible to apply for a Noor
Personal Loan .

You may not be eligible * to apply.

* Minimum salary AED 8000 required to apply for a Noor Personal Loan .

*No loan for :User_Nationality available in this page

Click here to check from other banks.

Noor Personal Loan Calculator

Personal Loan Provided By Noor

Last Updated on 21-08-2019

Check Eligibility for Noor Personal Loan

You are eligible to apply for a Noor
Personal Loan .

You may not be eligible * to apply.

* Minimum salary AED 8000 required to apply for a Noor Personal Loan .

Click here to check loans from other banks.

Noor Personal Loan Calculator

ADIB Smart Account
Noor Personal Loan Details
Minimum Salary AED 5000 per month
Profit Rates Flat rate: 2.49% | Reducing rate: 4.93%
Maximum Loan Amount AED 1000K - AED 2000K(depends on the nationality and type of loan)
Early Settlement Fees 1% of the outstanding amount
Arrangement Fees 1% of the approved loan amount
Tenure 48 months
Age 21 - 60 years(Expats) & 65 years(UAE Nationals)

Features of Noor Personal Loan

Noor Bank offers Shariah-compliant Personal loans to help you meet your financial needs. The features are :

  • Maximum loan amount of AED 1 million for expats and AED 2 million for Emiratis
  • Maximum loan tenure of 4 years
  • Profit rates from 2.79% p.a.
  • Minimum monthly salary requirement of AED 5,000
  • Salary transfer is mandatory
  • Pre-approved credit card with no annual fees for the first year is offered to borrowers
  • Takaful insurance cover (optional family/job loss)
  • Unlimited outward remittances with preferential exchange rates and a waiver of the remittance fee
  • Quick approvals and simple documentation

Fees and Charges

  • Loan processing fee : 1% of the loan amount and 0.50% for Priority customers (Minimum 500 AED and Maximum 2500 AED)
  • Late Payment Fee (effective March 6,2017) : 2% of the delayed amount (Minimum 50 AED and Maximum 200 AED)
  • Life Takaful cover : Up to 1.29% of the finance amount
  • Loan rescheduling fee : AED 250
  • Early Settlement of loan : 1% of the outstanding loan amount (Maximum 10000 AED)
  • Optional Life Takaful cover with double indemnity : Up to 1.99% of finance amount
  • Optional Life Takaful cover with double indemnity and involuntary loss of employment : Up to 2.99% of finance amount

Eligibility Criteria of Noor Personal Loan

  • Age 21 years and above
  • Minimum monthly salary of AED 5,000 (salary transfer required)
  • Employer should be approved with Noor Bank
  • Preferential FX rates and fees apply to remittance values of AED 100,000 or more per transaction

Documents Required of Noor Personal Loan

  • Salary transfer letter
  • 3 months bank statement
  • Valid copy of Passport, Residency visa and Emirates ID

Noor Personal Loan Profit Rates

Noor Bank

2 Noor Bank Personal Loans

Personal Finance - For UAE Nationals

minimum salary

Minimum Salary

AED 8K

flat rate

Flat Rate

3.49%

reducing rate

Reducing Rate

6.33%

loan amount

Loan Amount

AED 2000K

early settlement fee

Early Settlement Fee

1%

arrangement fee

Arrangement Fee

1%

minimum salary

AED 8K

Minimum Salary

flat rate

3.49%

Flat Rate

reducing rate

6.33%

Reducing Rate

loan amount

AED 2000K

Loan Amount

early settlement fee

1%

Early Settlement Fee

arrangement fee

1%

Arrangement Fee

Advantages
  • Free credit card
  • High loan amount
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

View details on bank page

Personal Finance - For Expats

minimum salary

Minimum Salary

AED 8K

flat rate

Flat Rate

3.49%

reducing rate

Reducing Rate

6.33%

loan amount

Loan Amount

AED 1000K

early settlement fee

Early Settlement Fee

1%

arrangement fee

Arrangement Fee

1%

minimum salary

AED 8K

Minimum Salary

flat rate

3.49%

Flat Rate

reducing rate

6.33%

Reducing Rate

loan amount

AED 1000K

Loan Amount

early settlement fee

1%

Early Settlement Fee

arrangement fee

1%

Arrangement Fee

Features

  • Only Expats 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 1,000,000
  • Early settlement fee is 1% of the loan amount
  • Arrangement fee is 1% of loan amount

Benefits

  • Applicants can get up to AED 1,000,000 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

View details on bank page

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.

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