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Equity Release Finance

Equity Release Finance

Unlock Savings From Your Home

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.

Features

  • 'Avail now, pay later' option available whereby the first installment starts after 2 months
  • Attractive pricing 
  • Finance amount of up to AED 10 Million for ready properties 
  • Finance up to 70% of the property value
  • Tenor of up to 25 years
  • Available for properties that are fully paid up or financed with Noor Bank
  • Option also available along with buyout from other financial institutions 
  • Life and property takaful bundled with Home Finance

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

Documents Required for Initial Approval (Pre-approval)

  • All Identification documents
  • Income documents:

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

Apply Now

Terms & conditions apply