Noor Bank understand your financial requirements may be big or small. Business Finance will help you grow and is available across key emirates including selected free-zones.
Noor Business Finance Features:
- Maximum amount: up to AED 4,500,000
- Manage your day to day cash with Islamic Covered Facility of up to 15% of your Business Finance limit
- Current account with zero balance
- Flexible payments: up to 48 months
- Pricing as low as 18% pa
- Minimal documentation (see below)
- Life Takaful coverage for authorised signatory or Managing partner
Documents Required
- Application Form
- 1 year bank statements + 2 years Audited Financials as applicable
- Valid Constitution/ Incorporation/Rgistration 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
- Minimum length of business: 2 years
- Minimum turnover of AED 2 million
