Frequently Asked Questions
Who is Nexora Finance?
We are a financing consultancy in the UAE. We work with Islamic banks to help you find the option that fits your situation, and we guide you from the first conversation to the final paperwork.
Does it cost me anything?
No. You never pay us, and there are no hidden fees. Any administrative fee from the bank is shown in its contract before you sign.
How do I get started?
Leave your number and a consultant will call you shortly. There is no obligation.
What happens to my phone number?
It is used only to call you about your request, and it is never shared. If it is not for you, we delete it within 48 hours of our call. The full details are in our Privacy Policy.
What is a debt buyout?
A new bank takes over your existing financing so you can move to better terms. Read our complete guide to debt buyout in the UAE.
Will a debt buyout lower my installment?
Often it can, and we show you exactly by how much. We also compare the total cost, because a longer period can cost more overall. Try our calculator.
How much can a bank charge for early settlement?
Central Bank rules generally cap the fee at 1% of the outstanding principal, up to AED 10,000, plus VAT on the fee. We tell you the exact figure for your bank before you decide.
What is the debt burden ratio?
It is the share of your monthly income that goes to debt repayments. Total monthly obligations are generally capped at 50% of income, and we help you see where you stand.
Which documents will I need?
Usually your Emirates ID and passport, a salary certificate, recent bank statements and statements for the financing you want to move. We give you the exact checklist for your bank.
Is the financing Shariah-compliant?
Yes. We work with Islamic banks in the UAE, and we explain which contract your bank uses so you know exactly what you are signing.
Who can be considered?
Each bank has its own criteria based on salary, employer, credit history and commitments. Our service is designed for salaries from AED 15,000, and on the call we tell you honestly where you stand.
Will I be approved?
Every bank reviews each case individually. We review your situation first, so you know where you stand and what to improve before you apply.
How long does it take?
It depends on the bank and how ready your documents are. We give you a realistic timeline on the call and keep you updated.