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Equity Release Finance

Equity Release Finance

Looking to renovate or planning an upgrade of your home? Thinking of investing further in real estate or equity markets? Considering to invest in expanding your business? Our equity release financing solution is an approriate way to finance some of your projects to fulfil your requirements.

Our experts have developed a range of Shari’a compliant equity release solutions tailored to suit your needs. Whether your property is fully paid or financed, you can take advantage of our home equity financing solutions, which enable you to cash out the equity from your home and put it to good use.

Noor bank

FEATURES

01

Financing for ready and off-plan properties

02

Attractive profit rates

03

Finance of up to 70% of the property value on ready properties, and up to 50% on off-plan projects

04

Finance up to AED 15 Million

05

Tenors of up to 25 years

06

Life and Property Takaful bundled with Home Finance

07

Low documentation for up to 50% Finance to value

08

Equity release options across residential and commercial properties

ELIGIBILITY

  • UAE nationals and all expatriate nationalities
  • Salaried:Minimum Salary requirement of AED 10,000 per month, No salary transfer required
  • For Self-employed:Average Credits of AED 50,000 per month.
  • Minimum Age for all primary applicants is 23 years.
  • UAE Nationals:Maximum Age at maturity for 70 years.
  • Expatriates:Maximum Age at maturity for Salaried is 65 years, and Self employed is 70 years.
Salaried Customers
    • Original Salary Certificate
    • Original/Copy of Payslips (if required)
    • Last 3-6 months Personal Bank statements, depending on employer profile
Self-Employed Customers
    • Copy of Valid Trade License
    • Last 3 months Personal Bank statements
    • Last 6 months/ 12 months Company Bank statements
    • Copy of 2 years audited financials.
Documents Required for Final Approval
    • Copy of Title Deed or Sale Purchase Agreement
    • Copy of Down Payment Receipts
    • Copy of MOU in case of property resale transaction
    • Copy of POA (if any), dated not older than 2 years from date of application

Note:
Additional documentation may be
requested for on a case to case basis

  • Contact Us
  • Contact Us
    800-6667
  • Contact Us
  • Contact Us
    800-6667