NBF doesn't sell mortgages — but your NBF business statement is what proves owner income to your mortgage bank. Convert it cleanly, in seconds.
Convert for mortgageNational Bank of Fujairah does not focus on retail mortgage products. Business owners with NBF trade accounts who want a UAE mortgage typically apply through a larger retail bank — Emirates NBD, ADCB, FAB. NBF's role is as supplementary income evidence: the bank statement that proves owner drawings or business turnover backing the mortgage application.
The mortgage bank usually requires six months of its own retail statement, plus six to twelve months of NBF's business statement to verify the underlying income source. The converted Excel from both banks makes the matching exercise faster for the mortgage underwriter.
Owner drawings on an NBF business account typically appear as ONLINE TRANSFER rows to the owner's personal IBAN. The mortgage bank traces these into the retail account where they appear as SALARY TRANSFER credits (or business owner deposits). The descriptor matches across both banks.
Trade finance activity on the NBF side signals a healthy business — and therefore sustainable owner income. LC settlements with matching collections show working capital cycles closing. The converted Excel lets you present the activity cleanly rather than handing over a 50-page raw PDF.
Six to twelve months of NBF business statements is typically 200-1000 rows. The mortgage underwriter expects to see the items below.
Bilingual Arabic-English PDF. AED denominated. Dates DD/MM/YYYY. Columns: date, description, debit, credit, running balance. Trade finance and letter of credit entries clearly labelled with reference numbers. Customer name, IBAN, account type, and statement period in header. Running AED balance updated after each transaction.
| Label | Meaning |
|---|---|
| LC SETTLEMENT | Letter of credit settlement debit/credit |
| TRADE FINANCE | Trade finance facility drawdown or repayment |
| SALARY TRANSFER | WPS salary credit from employer |
| ATM WITHDRAWAL | Cash withdrawal from ATM |
| POS PURCHASE | Card payment at merchant |
UAE mortgage applicants must show 6 months of statements; CBUAE's maximum loan-to-value is 80% for UAE nationals and 75% for expatriates for first properties below AED 5M.
Pull six to twelve months from NBF
From NBF Mobile, download each statement month. Save all PDFs.
Upload all together
Kashfbank converts each and merges into a chronological spreadsheet.
Tag owner drawings
Mark the ONLINE TRANSFER rows that go to the owner's personal IBAN. These are the bridge between business income and the retail account the mortgage bank sees.
Export and submit alongside retail statement
Download both the NBF CSV and the retail-bank CSV. Submit both to the mortgage desk for income verification.
Common challenges
Does NBF offer mortgages?
Not as a focus product. Retail mortgage applications go to retail-first UAE banks (Emirates NBD, ADCB, FAB). NBF's role is as the business banking side of the application — supplementary income evidence.
How does the mortgage bank match NBF drawings to my salary?
Owner drawings on NBF appear as ONLINE TRANSFER to your personal IBAN. They land in the retail account as business owner deposits. The descriptors carry the cross-reference. Submit both bank's converted statements and the underwriter matches the pair.
What if my NBF account has high transaction volume?
Trade businesses often have 500+ rows in a year. Kashfbank handles high-volume statements and merges all months into one file. The mortgage underwriter filters to owner drawings and account turnover totals — the row count itself is not a problem.
Can I redact suppliers/customers from the converted file before submission?
Kashfbank extracts the full descriptor. Redaction is a manual step in Excel after export. Most mortgage banks want the full unmodified statement — redaction is usually pushback territory rather than a smooth path.
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Regulator: Central Bank of the UAE (CBUAE)
Fiscal year: Jan 1 – Dec 31 (Gregorian)
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