Equity Release Noor Bank
Min. salary
AED 10,000
Reducing / Flat
3.99% / 2.18%
Down Payment
30%
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.
Max Amount
AED 15,000,000
Arrangement Fee
1.00%
Early Settlement Fee
1.00 %
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Unique Features
- Financing for ready and off-plan properties.
- Attractive profit rates.
- Finance of up to 70% of the property value on ready properties, and up to 50% on off-plan projects.
- Finance up to AED 15 Million.
- Tenors of up to 25 years.
- Life and Property Takaful bundled with Home Finance.
- Low documentation for up to 50% Finance to value.
- Equity release options across residential and commercial properties.
Eligibility
- Available for UAE nationals and all expatriate nationalities.
- Minimum Salary requirement of AED 10,000 per month, No salary transfer required.
- Maximum Age at maturity for 70 years for UAE Nationals.
- Maximum Age at maturity for Salaried is 65 years, and Self-employed is 70 years for Expats.
Documents required
- Original Salary Certificate. (Req. for Salaried)
- Original/Copy of Payslips (if required). (Req. for Salaried)
- Last 3-6 months Personal Bank statements, depending on employer profile. (Req. for Salaried)
- Copy of Valid Trade License. (Req. for Self Employed)
- Last 3 months Personal Bank statements. (Req. for Self Employed)
- Last 6 months/ 12 months Company Bank statements. (Req. for Self Employed)
- Copy of 2 years audited financials. (Req. for Self Employed)