Ans: It’s a personal loan type facility for professional executives to meet their immediate cash needs for School Fees, Family Vacation, Home Improvement, Shares & Stock, House Rent, Credit Card Debt etc.
Ans: Yes we have, its called “Executive Finance”.
Ans: For Executive Finance our interest rates are varied from 16% to 24%
Ans: The following are the criteria for getting Executive Finance from Finance House a) Should be salaried individual, employed in government/ public sector or with reputed establishments in the private sector. b) UAE nationals and expatriate residents of the UAE c) Minimum age: 21 years and maximum age at loan maturity: 60 years d) Minimum salary AED 5,000 e) Length of Service : Six month with Current Employer or job confirmation whichever is earlier
Ans: The following documentation is required a) Original passport & photocopy thereof (with valid UAE residence visa for expats) b) Latest 3 months’ original bank statements of account into which salary is transferred or regularly banked c) Current dated salary certificate from employer addressed to Finance House PJSC. d) Upon approval you will be requested to furnish a Direct Debit Authority which will enable us to debit your installments from your salary account.
Ans: Executive Finance can be obtained for a maximum of 48 months (linked to purpose).
Ans: Yes, the person who is seeking the facility must be a resident with valid UAE visa.
Ans: The minimum Finance amount is AED 40,000/- and the maximum is AED 250,000/-.
Ans: Early settlement fee is 1% of outstanding.
Ans: The minimum age for getting Executive Finance is 21 years and the maximum is 60 years at loan maturity.
Ans: Yes, loan processing fee is 1% of the loan amount (minimum of AED 500 & maximum of AED 2,500)
Ans: Yes, Death & Permanent Total Disability insurance shall be arranged from Takaful @ 0.095 per month.
Ans: Yes, 30 days.
Ans: Free for life credit card, with some outstanding benefits (i.e. lowest rates on comprehensive Auto Insurance, Referral Cashback program, Balance Transfer Facility, etc.)
Ans: AED 5,000 per month.
Ans: Once all the required documents are submitted, it will take up to 1 business day for a credit approval.
For more details call 80034