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Finance House Credit Card Loan

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Finance House is one of the oldest and independent banking solutions providers in the UAE. The bank offers a wide range of financial services such as bank accounts, loans, credit cards, fixed deposits and more. 

Finance House credit cards enable cardmembers to earn an attractive amount of cashback while enjoying exciting deals and discounts on travel, lifestyle, entertainment, dining and more. Along with various other benefits and features, the cardmembers can enjoy the facility of Finance House credit card loans to deal with their financial requirements. 

Keep reading to learn how Finance House credit card loans work and how you can apply for one with great ease.

What is Finance House Credit Card Loan?

Finance House Bank credit card loan is an amount that the bank offers to cardmembers against their credit cards. The loan amount is based on the usage and available limit of the credit card. The cardmembers can apply for this loan through both online and offline modes. They need to fill in the application form and provide their details, including the registered mobile number, required loan amount, monthly income and more to submit the application.

Finance House Credit Card Loans are not for all cardmembers. Only eligible cardmembers with a good credit history can get the loan approved. The bank offers different types of credit card loans, including instant cash, balance transfers and more. Let us go ahead and learn about the available types of loans in detail.

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Types of Finance House Credit Card Loans

Here are the types of Finance House credit card loans that the applicants can opt for. 

  • Instant Cash Loan
  • Easy Cash
  • Balance Transfer

Instant Cash Loan

The applicants can apply for an instant cash loan against their credit card through online and mobile banking portals. This is an unsecured loan and needs no security or collateral in exchange. With this facility, the cardmembers can get the loan amount to meet their financial needs and repay the same easily by converting it into monthly EMIs. The best part about this type of loan is that the cardmembers with a good credit report can get lower interest rates. 

Particulars

Finance House Bank Credit Card Cash Loan Details

Eligibility

Finance House Bank credit card loan offers are not for all cardmembers. The bank checks the credit history and informs the cardmembers about their eligibility via SMS or email.

Documentation

No additional documents are required for pre-approval.

Interest Rate

Finance House Bank credit card loan interest rates are communicated by the bank.

Loan Disbursal Time

2 working days

Easy Cash

Finance House Bank credit card members can use the easy cash facility to meet their financial requirements. They can apply for the same through online and mobile banking portals. With this facility, the cardmembers can get cash in advance of up to 90 per cent of their available credit limit. They can use this amount to pay for their expenses and repay the same in up to 36 monthly EMIs at lower interest rates.

Particulars

Finance House Bank Credit Card Cash Loan Details

Eligibility

Finance House Bank credit card loan offers are not for all cardmembers. The bank checks the credit history and informs the cardmembers about their eligibility via SMS or email.

Documentation

No additional documents are required for pre-approval.

Loan Tenure

Up to 36 months

Interest Rate

Finance House Bank credit card loan interest rates are communicated by the bank.

Loan Disbursal Time

2 working days

Balance Transfer

Balance transfer is a credit card loan type for easy credit card bill payments. The credit card members can apply for a balance transfer facility to consolidate and transfer their other bank credit card’s outstanding amount to the Finance House credit card. With this facility, they can clear all their external credit card dues in one go. The cardmembers can convert the Finance House Bank credit card outstanding amount into easy monthly EMIs and repay it based on their financial preferences.

Particulars

Finance House Bank Credit Card Cash Loan Details

Eligibility

Finance House Bank credit card loan offers are not for all cardmembers. The bank checks the credit history and informs the cardmembers about their eligibility via SMS or email.

Documentation

No additional documents are required for pre-approval.

Interest Rate

Finance House Bank credit card loan interest rates are communicated by the bank.

Loan Disbursal Time

2 working days

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How to Apply for a Loan Against Finance House Credit Cards?

Here are the major ways that applicants can use to apply for a credit card loan.

  • Bank’s Branch
  • Online Banking
  • Mobile Banking App
  • Phone Banking
  • Bank’s Website

Bank’s Branch

The applicants can visit one of the nearest bank’s branches and apply for their chosen Finance House credit card loan. They do not need to provide any set of documents but go through the basic verification process. They need to provide their identity proof along with a copy of their signature matching the ones stored in the bank’s database. 

Online Banking

The existing Finance House customers can log in to the bank’s online banking portal and apply for a credit card loan in just a few clicks. The credit card members need to fill in the online application form available in the credit cards section on the portal. They need to provide details like the type of credit card, interest rate, tenure options and more in the form. The applicants do not need to submit any documents. However, they need to upload their identity proof and signature on the portal for verification. 

Mobile Banking App

The existing banking customers can also log in to the bank’s mobile banking app to apply for a Finance House credit card loan. They can download the app from the app store compatible with their smartphone operating system. Once done, they can register on the same and go to the credit cards section to fill an online application form to submit the application. The applicants do not need to submit any documents. However, they need to upload their identity proof and signature on the portal for verification.

Phone Banking

The applicants can also contact the bank’s help and support desk to get the unique code for their chosen Finance House credit card loan type. Once they have the code, they need to send the same to the bank on the helpline number using their registered mobile number. After sending the text, the cardmembers need to wait for one of the bank’s representatives to contact them and will process their application if everything goes right. The bank takes up to two business days from the date of approval to disburse the loan amount. 

Bank’s Website

The credit cardholders can also visit the Finance House Bank’s website and fill in the online application form for their preferred credit card loan type. All they need to do is fill in the online application form and provide all the required details.

Modes of Disbursal of Finance House Credit Card Loan

Here are the modes of disbursal of a Finance House credit card loan.

  • Finance House Bank Account
  • Cheque via Post
  • ATMs/CDMs
  • External Bank Account

Finance House Bank Account

The applicants who have a bank account with Finance House Bank can get the loan amount disbursed into the same. They need to provide their bank account details in the online application form. The bank takes up to two working days from the date of approval to disburse the loan amount into the cardholder’s bank account.

Cheque via Post

The cardmembers can also request the Finance House credit card loan amount via cheque. They can request the bank to send the cheque to their registered residential address. They need to mention the mode of disbursal in the application form. The borrowers can also visit the nearest branch to get the cheque in person once they receive confirmation of the loan approval.

ATMs/CDMs

Finance House bank credit card members can get the loan amount added to their credit card limit and withdraw the same using their credit card at an ATM or a cash deposit machine. Such loans are called cash in advance. The bank may charge additional charges for cash in advance transactions. 

External Bank Account

The credit card members who do not have an active Finance House bank account can request the bank to disburse the loan amount in their external bank account. The applicants need to mention bank account details in the application form. The bank may charge an additional fee for the loan transfer.

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How to Repay Finance House Credit Card Loans?

Here are a few simple ways through which applicants can repay their credit card loans with great ease.

  • Bank Account
  • Online Banking
  • Mobile Banking
  • Exchange House
  • Bank’s Branch

Bank Account

The credit card loan borrowers can pay their EMIs through their Financer House bank accounts in just a few clicks. All they need to do is add the loan account number as a beneficiary and set up standing instructions for automatic payments. This way, they do not need to remember to pay their EMIs every month. In case they do not have a Finance House Bank account, they can also do the same through an external bank account. They need to mention the repayment mode in the online application form.

Online Banking

The credit card loan borrowers can also log in to their chosen bank’s online banking portal and add the loan account number as a beneficiary for quick repayments. This helps them save their loan account details and make loan EMI repayments every time in just a few clicks.

Mobile Banking

The Finance House Bank credit card loan borrowers can also make quick loan EMI repayments through the bank’s mobile banking app. All they need to do is download the app from their preferred app store and register on the same using their credit card details. They can log in to this app and make quick and on-time repayments without any hassle. 

Exchange House

Finance House Bank credit card members can make quick loan EMI repayments at one of the nearest exchange houses. At the chosen exchange house, the card members need to contact one of the representatives to make the payment via cash or cheque. They must get the receipt for the same.

Bank’s Branch

The credit card loan borrowers who do not have access to the internet can also visit the bank’s branch to make their loan EMI repayment. They can get in touch with one of the bank’s representatives and make the cash payment with great ease. The borrowers must collect a receipt for their loan EMI payment. 

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FAQ's on Finance House Credit Card Loans

How can I get a Finance House credit card loan?

You can easily apply for a Finance House credit card loan through the bank’s website, online banking or mobile banking portal. The bank provides credit card loans to applicants with good credit and loan repayment history. You get the loan approval confirmation via notifications sent to your registered mobile number or email address.

Can all the Finance House credit cardholders apply for a credit card loan?

Finance House offers a credit card loan facility for selective cardmembers who have good credit and repayment history.

 

What documents do I require to apply for a loan on a credit card?

You do not need to submit any additional documents for a Finance House Bank credit card loan. However, your identity and signature need to be verified to complete the application process.

What are the factors that affect Finance House Bank credit card loan eligibility?

Your credit report, income level, loan repayment history, etc. are the major factors that affect your Finance House Bank credit card loan eligibility.

What are the extra charges levied on a Finance House credit card loan?

The bank charges a processing fee when providing a credit card loan to the cardholders.

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