| Annual Fee | Islamic Banking | Minimum Balance | Multiple Currencies | |
|---|---|---|---|---|
Noor Business Accounts
|
Annual Fee: AED 0 | Islamic Banking: Yes | Minimum Balance: AED 10,000 | Multiple Currencies: Yes |
With business banking made easy we believe with the right support your business can reach new heights to support your aspirations and dreams.
Noor Business Accounts Features:
Noor Business Accounts Features:
- Average monthly balance of AED 10,000
- No Monthly Fee
- AED 100 will be charged if monthly balance is not maintained
- E-statements
- To manage your business 24x7 Debit card facility for authorised signatory
- Online banking
- Dedicated Relationship Manager
- FX counters provide buy and sell services for all major GCC and international currencies including UAE Dirham, Saudi Riyal, Kuwaiti Dinar, US Dollar, Euro, British Pound Sterling and Japanese Yen at Market rates.
- Filled Application form
- Attested constitution documents (Trade license/ POA/ MOA)
- Passport copies (all partners and signatories, including sponsor)
** Calculator Definitions
Amount:
The total amount of money borrowed, also referred to as the principal amount.
Rate (%):
This is the annual interest rate on the product which is equivalent to APR, which is going to be calculated in this example.
Years:
This is the original term or length of the product, stated in years.
Effective Monthly Payment:
This is the effective monthly payment, which takes into consideration fees and other costs associated with this product. The effective monthly payment is the basis for the APR calculation.
Calculated Annual Percentage Rate (%):
The Calculated Annual Percentage Rate (APR) is determined using the annual interest rate of the product plus fees and other costs. This rate may differ from bank to bank. APR is useful when comparing two or more products with different interest rates and fee structures.
