Noor Bank Business Loan in Dubai

Noor Islamic Bank now Known as Noor bank and the Business Finance division is "NOOR TRADE"

Table of Contents

Noor Bank Business Loan/Trade Finance in Dubai, UAE

NOOR ISLAMIC BANK BUSINESS LOAN

Main Benefits
High loan amounts, Long repayment tenure up to 48 months,Current account with zero balance, Life Takaful coverage for authorised signatory or Managing partner, Dedicated relationship manager, Debit card for authorized signatory
Documents Required
  • Application Form
  • 1 year bank statements + 2 years Audited Financials as applicable
  • Valid Constitution/ Incorporation/Registration Documents
  • Board Resolution / POA (as applicable)
  • Identification card (for U.A.E. Nationals) and passport + visa (for expats) of the authorized signatories
  • Tenancy contract & Utility Bills
  • Original invoices & list of staff
  • Visiting cards & location maps
Overview of features
  • The company should have a minimum annual sales turnover of AED 2,000,000 to be eligible for this finance.
  • The processing fee is 2% of the total finance amount
  • The minimum finance amount offered is AED 50,000.
  • The maximum finance amount offered is AED 3,000,000.
  • The early settlement fee is currently not available. Please contact the bank for further information
  • The company should be atleast 2 years old in order to qualify for finance.
  • The finance repayment period is up to 48 months.
  • Upon successful submission of documents, the finance will take 7 working days to be approved.

AED 2,000,000MIN ANNUAL TURNOVER
18.00%(AS ADVERTIZED)
9.92%(EST. EQUIVALENT)
2%PROCESSING FEE
  • AED 3,000,000
MAX FINANCE AMOUNT
  • 0%
EARLY SETTLEMENT FEE
  • 24 MONTHS
OLD BUSINESS IS MUST
  • 48 MONTHS
TENURE
  • DAYS
APPROVAL TIME

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