Finance House Personal Loan

Finance House Personal Loan in UAE offers a quick and convenient financing option for individuals. Popular by the name ‘Easy Finance’, it comes with flexible repayment options and competitive interest rates. Offering loan amounts of up to AED 250,000 with flexible repayment terms of up to 36 months, it has become a top-notch choice of UAE residents Moreover, you can enjoy additional features like no salary transfer and free-for-life credit card. 

In this article, we will cover the fundamentals of Finance House personal loan and its features, benefits, eligibility criteria, and more.

Finance House Personal Loan – An Overview

As mentioned earlier, the Finance House personal loan, available under the name of ‘Easy Finance’, comes with a multitude of advantages and features as tabled below:

Feature	Details
Salary Transfer	Not Required
Early settlement	Yes 1% of the outstanding amount
Cashback	Yes (Comes with free life credit card)
Free Credit Card	Yes
Free Personalized Cheque Book	No
Free Insurance	No
Introductory Offers	No
Phone Banking	Yes

Features and Benefits of Finance House Personal Loan

Let’s take a look at the key features and benefits of Finance House personal loan –

• Salary Transfer - Salary transfer is not mandatory in order to apply for the Finance House personal loan.
• Interest Rate - ‘Easy Finance’ by Finance House is available at an attractive reducing interest rate starting as low as 20%.
• Credit Card - With this Finance House personal loan, the borrower receives a free for life credit card. 
• Repayment Tenure - The repayment for this Executive Finance can be made in easy monthly installments, with the loan being available at a flexible tenure for repayment.
• Availability - Easy Finance is available for both expatriates and UAE nationals. 
• Minimal Documentation - The applicant can apply for a Finance House Personal Loan easily if they meet the eligibility criteria. The documentation process is hassle-free and simple.
• Swift Approval - After the submission of all the required documents, the provider takes a maximum of one business day for the approval of the application (as per the applicable terms and conditions).
• Grace Period - You can avail of a grace period of 30 days on your first installment.

Eligibility Criteria for Finance House Personal Loan

You would be required to fulfil the following eligibility criteria to obtain the Finance House personal loan -

Category	Details
Age Criteria	Minimum- 21 years Maximum- 60 years
Minimum Monthly Income	AED 5,000
Employment Eligibility	Service Duration- 6 months with current employer or confirmation of employment (whichever earlier) Should be a Salaried Individual Employed with a reputed organization
Residency	Expatriate or UAE National

Documents Required for Finance House Personal Loan

Keep the following documents ready while applying for a Finance House personal loan -

Category	Details
ID/Address Proof	Valid Visa for UAE Residence for expats, Passport, & Emirates ID (original and copy)
Bank Statements	Recent 3 months’ statements of the salary transfer account or the account regularly banked (original)
Salary Proof	Salary certificate (current dated) addressed to the concerned bank
Other Documents	Direct Debit Authority (upon approval)

Finance House Personal Loan Interest Rates

The Finance House Personal Loan charges a low reducing interest rate starting at 20 % per annum. 

Eligibility and Documents Required for Finance House Personal Loan

1.) Eligibility Criteria

Category	Details
Age Criteria	Minimum- 21 years   Maximum- 60 years
Minimum Monthly Income	AED 5,000
Employment Eligibility	Service Duration- 6 months with current employer or confirmation of employment (whichever earlier) Should be a Salaried Individual Employed with a reputed organization
Residency	Expatriate or UAE National

2.) Documents Required

Category	Details
ID/Address Proof	Valid Visa for UAE Residence for expats, Passport, & Emirates ID (original and copy)
Bank Statements	Recent 3 months’ statements of the salary transfer account or the account regularly banked (original)
Salary Proof	Salary certificate (current dated)
Other Documents	Direct Debit Authority (upon approval)

Calculate Your EMI for Finance House Personal Loan

Refer to the ‘Frequently Asked Questions’ section next to find out more about the Finance House Personal Loan.

FAQ's