• Noor Islamic Bank Personal Loan Eligibility

    Noor Islamic Bank Personal Loan Eligibility

    Noor Bank offers a range of personal loan products to customers in the UAE. In order to avail these personal finance schemes, customers need to fulfill certain loan eligibility criteria set by Noor Bank. These criteria are listed below.

    • Applicant should be aged either 21 years or above
    • Minimum salary of applicant should be AED 5000 per month
    • Applicant should have minimum 6 months of employment with the current employer
    • Loan applicant should be a UAE national or an expat staying in UAE

    Factors affecting Noor Islamic Bank Personal Loan Eligibility

    Some of the most important factors that affect personal loan eligibility for Noor Bank personal loans are mentioned as under –

    • Current age of the loan applicant
    • Job profile of the loan borrower
    • Number of years in the current job
    • Applicant’s relationship with the bank; whether he/she is an existing Noor Bank customer
    • Credit history of the loan applicant
    • Monthly income of the personal loan borrower
    • Existing debt liabilities of the loan applicant

    How to increase Noor Islamic Bank Personal Loan Eligibility?

    Sometimes, your personal loan application may get rejected due to non-compliance of eligibility guidelines. Some of the steps to increase eligibility and chances of availing personal finance, are mentioned below.

    • Maintain a good credit score
    • Try to avail both secured and unsecured loans in order to maintain a good credit history
    • Avoid applying for personal finance with too many banks
    • A stable job which fetches a regular monthly income increases your chances of availing personal finance from Noor Bank

    FAQs on Noor Islamic Bank Personal Loan Eligibility

    1. Does this personal loan scheme require a security to be deposited?
    2. No. There are no collaterals to be submitted as security against this personal loan.

    3. What is the maximum loan amount that I can avail?
    4. If you are a UAE national you can avail up to AED 2 million. An expat can avail up to AED 750000.

    5. What is the maximum loan repayment period for Noor Bank personal loan schemes?
    6. The maximum loan repayment period for personal loans from Noor Bank is 4 years or 48 months.

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    Noor Bank Home Loan

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