Personal Loans for Salaried Expats in Abu Dhabi from Finance House
Interest Rate: 8.8%
Tenor: 48 months
Eligibility: Minimum salary AED 15,000
Processing fee: 1% of loan amount with a minimum of AED 500 and maximum of AED 2500
Minimum loan amount: AED 40,000
Maximum loan amount: AED 250,000
Early settlement fee:
From own resources: 2% of loan amount outstanding
From other bank loans: 5% of outstanding loan amount
Insurance fee: 0.095 per month
Salary transfer: No
Personal Loans for Salaried Expats from Finance House in Abu Dhabi
Personal loan advanced by Finance House to professional executives is called executive finance and is given to meet their immediate cash requirements such as for school fees, family vacation trips, home improvement, investment in shares & stock, house rent, to clear credit card debt etc.
If you are applying for a loan from Finance House, you need to fulfill the following requirements:
Salaried expatriate employed in a government or reputed private organization
Minimum age is 21 years and maximum age at loan maturity is 60 years
Be a confirmed employee or employed for 6 months with the current employer
Documents required to be submitted along with your application:
Copy of your passport and UAE residence visa
3 months’ original bank statement showing credit of your salary into the account
Latest salary certificate from your employer to Finance House PJSC
Post-dated cheques towards monthly installments and undated cheque towards principal and interest
You have the facility for deferring the first monthly installment for a month. Free credit card facility, minimum rates on auto insurance, referral cashback program, balance transfer facility etc. are some of the other advantages that you get with the executive finance.
Finance House Expats Personal Loan in Abu Dhabi
Finance House was one of the first independent finance companies to be started in the UAE. Commercial and consumer financing and investments being its core activity, Finance House began operations in 2004. Referring to the increased growth in the first half of 2014, Chairman of Finance House said in a recent press release: “The stable economic environment in the UAE has allowed us to focus on our core engines of growth which are commercial and consumer lending and proprietary investments. Our strategy of continuously seeking and addressing profitable & underserved niche segments has enabled us to generate healthy returns for our shareholders on a sustained basis. We are confident that this strategy will continue to serve us well in the near future as well.”
Abu Dhabi – Desert to Greenery
Irrigation and forestation have been developed to a great extent in Abu Dhabi over the past decade and the ‘green areas’ in the city have become more pre-dominant due to the creation of parks, roadside plants and trees. The coastal region consists of wetlands and mangrove colonies. Most of the tiny, uninhabited islands in Abu Dhabi have been developed into wildlife sanctuaries.
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