Personal Loans for Salaried Expats in Dubai 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 Dubai
Finance House advances personal loans to professional executives to meet their financial commitments such as vacation, school fees, rent, investments, credit card debt etc., so this loan is known by the name Executive Finance. When you apply for the executive finance from Finance House, the company insists on the following eligibility criteria:
Salaried expatriate employed in a government or reputed private organization
Minimum age is 21 years and maximum age at loan maturity is 60 years
You need to be a confirmed employee or working for 6 months with the current employer
The following documents are required to be submitted along with your application:
Copy of your passport and UAE residence visa
Last 3 months’ original bank statement showing your salary credits
Latest salary certificate from your employer to Finance House PJSC
Post-dated cheques towards monthly installments and undated cheque towards principal and interest
Deferment of the first monthly installment for a month is allowed. Free credit card facility, lowest rates on auto insurance, referral cashback program, balance transfer facility etc. are some of the other benefits that come with the executive finance.
Finance House Expats Personal Loan in Dubai
One of the first independent finance companies to be launched in the UAE, Finance House began operations in 2004 with its major activities being investments and commercial and consumer lending. Finance House is “an innovative entity that respects the diversity of the UAE market and offers customized and unique financial products and solutions to the consumers thereby paving the way for a healthy competition to the existing financial institutions and setting new standards in the UAE financial sector”.
Dubai – Deluge of Job Opportunities
Dubai is well-known not just as a tourist center but also as a great career destination. Due to the large influx of professional expatriates who have made Dubai their second home, this country has experienced a sharp increase in its population, yet its unique lifestyle is unsurpassed. There is an overabundance of job opportunities here with career options in the banking and finance sectors, tourism industry, management and education and telecommunications being lucrative.
To avail of a personal loan in Dubai from DIB, fill in the form on this page and a representative will soon contact you to offer assistance.