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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

Noor Bank Personal Loans in UAE

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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

AED 8K

Flat Rate

3.49%

Reducing Rate

6.33%

Loan Amount

AED 2000K

Early Settlement Fee

1%

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 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
  • The loan is provided for a interest rate of 6.33%

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

AED 8K

Flat Rate

3.49%

Reducing Rate

6.33%

Loan Amount

AED 1000K

Early Settlement Fee

1%

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 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
  • The loan is provided for a interest rate of 6.33%

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

Frequently Asked Questions

⭐ What are the different personal loans provided by Noor Bank?

A. Noor bank provides personal loans for UAE nationals and personal loans for expats.

⭐ Can I avail a life insurance on this loan?

A. Yes. You can avail Takaful insurance on this loan

⭐ Is any proof of employment required to get this loan?

A. Yes, a proof of employment is essential to avail this personal loan.

⭐ What additional benefits can a customer get from applying Noor Bank personal loan?

A. People who applied for the loan can avail a free credit card along with the loan.

⭐ Is late payment option available on Noor Bank personal loan?

A. Yes. You can have a late payment option with fee of 50 AED to 200 AED.

⭐ Should I need to provide any assets as security to avail this loan?

A. No collateral is required to get this loan.

⭐ Should I need to provide salary transfer letter for documentation of this loan?

A. Yes. Salary transfer letter is mandatory to get this loan.

⭐ What are the other personal loan options available?

A. There are several other personal loans available. Check here for Personal Loan in UAE

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.

   Get in touch with Noor Customer Care

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