Dubai – Mubasher: Noor Bank, a UAE-based Sharia-compliant bank, has announced the launch of Noor Home, an independent identity for the bank’s home finance business.
Noor Home will serve potential home buyers and current homeowners through the provision of finance solutions at affordable rates, according to a bank statement.
“Home finance is one of the most important pillars of Noor Bank’s retail banking proposition and one of our most successful business lines,” head of retail banking at Noor Bank Mufazzal Kajiji commented.
Noor Home’s products include finance for ready property purchases and off-plan projects and capital for commercial property and non-resident finance for a maximum tenor of 25 years.
“Hence, it is important that customers look at the overall plan offered, as many providers in the market propose low rates initially and increase them over time,” head of assets Girish Advani said.