Abu Dhabi, November 15, 2007- “Executive Finance” is a new personal finance facility launched by Finance House PJSC. This is a niche personal lending product specifically designed for salaried executives (UAE nationals & expatriates) drawing a minimum monthly salary of AED 10,000 or more, in regular employment with reputed local and multi-national employers in the UAE.
With the continued rise in the cost of living, salaried executives at all levels increasingly require financial assistance from time to time, to tide over exceptional demands placed on their fixed monthly incomes. School fees of children, house rent payment, home improvements, family vacation, opportunities to invest in shares & stocks and consolidation of credit card debt etc are typical examples of planned and/or unplanned financial needs that can be fulfilled with “Executive Finance”.
According to Mr. Mohammed Alqubaisi, Chairman- Finance House “This is a carefully segmented product offering aimed at the financially responsible salaried executive who value personalized service, hassle-free procedures and speed of response/ execution.”
The maximum finance facility available under this scheme is AED 250,000 and is dependent on the income level of the applicant. The maximum repayment tenor is 48 months and is linked to the purpose of the borrowing. Every successful applicant is also entitled to a free for life credit card that comes with a host of value added benefits.
In addition to competitive interest rates, the other key attractions of the product are no salary transfer requirement, personalized service at your door step and convenient repayment of monthly installments via post -dated cheques.