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. ...read more

Finance House Personal Loan
Finance House Personal Loan
Personal Loan Starting from 2.63%* Interest rate

T&C Apply

  • Minimum Salary 5000 AED
  • EMI Tenure up to 48 Months
  • Lowest Interest Rates

Get personal loan at Lowest Interest Rate
  • Dubai
  • Abu Dhabi
  • Sharjah
  • Ras Al Khaimah
  • Ajman
  • Other

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

Q1. What is Easy Finance?

Ans: Easy Finance is a personal loan facility offered by Finance House for UAE residents.

Q2. Is the interest rate charged on executive finance reducing or fixed?

Ans: The bank charges a reducing interest rate on the Finance House personal loan.

Q3. Are self-employed individuals eligible for Finance House Personal Loans?

Ans: No. Self-employed individuals are not eligible for Finance House Personal Loans.

Q4. What is the tenor for Finance House Executive Finance?

Ans: The maximum tenor for Finance House Executive Finance is 36 months.

Q5. Is there any residency requirement?

Ans: Yes. The applicant should be a resident of the UAE having a valid UAE Visa.

Q6. Is there any amount restriction for Executive Finance?

Ans: The minimum amount is AED 10,000 and the maximum amount is AED 250,000.

Q7. Can I make an early settlement on my Finance House Personal Loan?

Ans: Yes. You can make an early settlement by paying an early settlement charge of 1% on the outstanding balance.

Q8. Do I have to pay any processing fee?

Ans: Yes. You will be charged a processing fee of 1% on the outstanding loan amount. Note that the minimum processing fee here is AED 500, while the maximum fee is AED 2,500.

Q9. Do I get any grace period for my first installment?

Ans: Yes. You get a grace period of 30 days on your first instalment for a Finance House personal loan

Q10. What should be my minimum salary to be eligible to apply for Finance House Personal Loan?

Ans: In order to apply for a Finance House personal loan, your minimum salary should be AED 5,000.

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Reviews & Ratings

★★★★★
4.6 / 5 (based on   13,000 +google icon reviews)
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ShoaibAbu Dhabi, June 5, 2023
★★★★★
Policybazaar UAE has the best customer service team! " Policybazaar UAE provided me with a seamless experience for my personal loan. The customer service was excellent, with prompt responses and clear communication. I would recommend this digital platform to anyone seeking a personal loan in the UAE."
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OlegeSharjah, June 5, 2023
★★★★★
Policybazaar UAE's customer support team is the best! I had a fantastic experience with Policybazaar.ae for taking out a personal loan. The application process was smooth, and the staff was friendly and knowledgeable. They offered competitive interest rates and flexible repayment options, which made it convenient for me to manage my finances.
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Troy ThorntonAjman, June 5, 2023
★★★★★
Policybazaar UAE helped me find the best personal loan product! I recently took a personal loan from ADCB via Policybazaar UAE and I am satisfied with their services. The application process was hassle-free, and the loan was approved within a short period. They provided me with various repayment options and competitive interest rates.
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Vaibhav BaranwalDubai, June 5, 2023
★★★★★
Took a personal loan from Mashreq Bank via Policybazaar.ae.I had a positive experience with Mashreq Bank for my personal loan. As I took out the loan from Policybazaar UAE, the application process was user-friendly and convenient. Their concerned staff assisted me well throughout the process. I would definitely choose Policybazaar for future financial needs.
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Adwait PhatakDubai, June 5, 2023
★★★★★
Policybazaar UAE provides the best personal loan service!I must say Policybazaar UAE exceeded my expectations. I was looking for personal loan and this platform helped me find the best one. The loan approval was quick, and their customer service team was prompt in addressing any queries I had. I found their rates to be competitive, and the overall experience was excellent.
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mehmoodAbu Dhabi, March 20, 2023
★★★★★
Had a great experience with policybazaar UAE!I recently Policybazaar to obtain a personal loan and was very pleased with the experience. They have a streamlined application process and provide you with the right assistance.
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Nasr Allh Mohamed ElkhateebDubai, March 19, 2023
★★★★★
Thank you Policybazaar for helping me find the best personal loan!I recently applied for a loan through Policybazaar and was very impressed with their service. They offer plans with competitive rates and ensure a quick and easy application process.
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Sm FarhadAjman, March 19, 2023
★★★★★
Kudos to the customer representative team of Policybazaar!I had a great experience with Policybazaar UAE. They have multiple products and have a very helpful and knowledgeable staff. I was able to get a loan quickly and easily and was very satisfied with the result.
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ADILDubai, March 18, 2023
★★★★★
Policybazaar made it easy for me to select the best personal loanI was confused about which personal loan I should get. Finally, I took it from ADCB via Policybazar, and the experience was great. The loan process was straightforward, and the customer support team helped me throughout the process.
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ZEESHAN AHMEDAbu Dhabi, March 18, 2023
★★★★★
Policybazaar has a wide range of personal loan products!Policybazaar is a great option for those looking for a personal loan. The application process is simple, and the customer service is friendly. The rates are also competitive. I highly recommend Policybazaar! Thank you.
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PB Fintech FZ LLC Office No. 1304, Al Shafar Tower 1, Barsha Heights (Tecom), Dubai, UAE. Phone​​: 04 247 2904Insurance is provided by Metropolitan Insurance Brokers, regulated by the UAE Insurance Authority, LicenseNo:186, Since 2005Policybazaar UAE. Insurance is the subject matter of solicitation. © Copyright-2023 policybazaar.ae. All Rights Reserved.