Noor Bank Personal Loan
Noor
Bank
Noor Bank deals in 4 Segments Personal Finance, Home
Loan, Credit Card and Banca Products if we talk about personal Loan
1.25 Million is for Expats and up to 2 Million
Deposit for UAE National
Processing fees is 1 Percent of loan Amount which is
500 Minimum and 2500 Maximum.
Insurance is 0.99 Percent which cover you if you
lose your job or in Case of Death Insurance Company will pay the Amount to Bank
and also gives you benefits in case of any Disability.
Interest Rate
is starting from 3.33 Percent Per Year which is very Excellent Rate but it goes
up to 12 Percent.
Early Settlement Charges is 1 Percent of Remaining
Amount of the Loan if you want to clear loan amount before Decided time Period.
why Interest
Rate is vary because when Bank feel
comfort to lend you money he charge low rate but when Risk is High then
definitely he charge high it’s common everybody in market for Earning Purpose
so nobody wants to lose its profit and every Costumer in Market looking for
quick and easy loan. Here we Take a example of Dunia Finance Personal loan they charge 39.99 Percent Reducing Per
year but why People take loan from them when Noor Bank is giving loan on very
normal Rate just because Dunia Finance Targeting those segments where no other
bank take Risk they don’t Need Company Listing they also give loan if you are
getting Salary by Exchange but if You are looking for Noor Bank Personal Loan then you to fill some extra requirements.
Your Company should be listed with Noor bank.
Your Salary must be more than 8000 Dhrm.
You must be working in that company for a period
which is decided by Bank.
You have to provide Salary Transfer Letter to Noor
Bank.
End of Benefits must be transfer to Noor Bank which
means if you lose your job or change the job your end of Benefits send to NIB
they deduct its money or you have to clear your all dues to get your End of
Service in case your loan amount is more than the end of Benefits then you have
to arrange money and clear the loan amount if you get a new job then just
provide new Offer Letter to Bank and continue loan with Noor Bank Please keep
in mind to get your Experience letter you have to provide Clearness Letter from
Bank and Bank only give Clearness Letter once you Clear all dues but you can
get Clearness letter from or NOC Not Objection Certificate if you Provide new
letter from new Employe.
Noor
Islamic Bank Personal Loan
Noor bank also deals in Islamic Finance which is
govern by Islamic laws of Sharia. Many Muslim Brother and sister prefer Islamic
Bank so NIB Noor Islamic Bank is one of best bank which deals in Islamic
Banking ADIB Personal loanADIB is
also totally deals in Islamic Bank. What is difference between Islamic Banking
and Conventional Banking that is separate topic but one common thing is Islamic
Banking is according to Islamic Laws which is very relaxing as compare to
Conventional Bank but you are looking for Conventional Loan only then I think HSBC Personal Loan is the Bank which is
suite to your Nature.
NIB is not separate bank or different banking just
the difference is word Islamic other thing remain the same.
Leoapardmoney
Once you fill the form you profile is review by
experts and they analysis and examine your profile and check your company is
listed with Noor Bank or not if yes then they send your profile to NOOR Bank
you will get call in 30 Minutes if not then they will send you alternative
which best match with you Profile.
Like:
ADCB
Personal Loan
Finance
House Persoanl Loan
Standard
Charterd Bank Personal Loan
If you have any inquiry about Personal Loan or
Credit Card or any Financial Product in UAE just Fill the Form we will Contact
with you.
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