"Executive Finance" is a new personal finance facility launched by Finance House PJSC. This is a niche personal lending product specifically designed for salaried executives (UAE nationals & expatriates) drawing a minimum monthly salary of AED 10,000 or more, in regular employment with reputed local and multi-national employers in the UAE.
With the continued rise in the cost of living, salaried executives at all levels increasingly require financial assistance from time to time, to tide over exceptional demands placed on their fixed monthly incomes. School fees of children, house rent payment, home improvements, family vacation, opportunities to invest in shares & stocks and consolidation of credit card debt etc are typical examples of planned and/or unplanned financial needs that can be fulfilled with "Executive Finance".
According to Mr. Mohammed Alqubaisi, Chairman- Finance House "This is a carefully segmented product offering aimed at the financially responsible salaried executive who value personalized service, hassle-free procedures and speed of response/ execution."
The maximum finance facility available under this scheme is AED 250,000 and is dependent on the income level of the applicant. The maximum repayment tenor is 48 months and is linked to the purpose of the borrowing. Every successful applicant is also entitled to a free for life credit card that comes with a host of value added benefits.
In addition to competitive interest rates, the other key attractions of the product are no salary transfer requirement, personalized service at your door step and convenient repayment of monthly installments via post -dated cheques.
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About Finance House
Finance House PJSC is an Abu Dhabi headquartered finance company that was established three years ago. The principal activities of the company are commercial and retail financing, financial services and investments. The Company is licensed and regulated by the Central Bank of the UAE. The major shareholders of Finance House include Abu Dhabi Investment Company (ADIC), The National Investor (TNI), a number of prominent UAE businessmen, high net worth individuals and dignitaries. In a short span since inception, Finance House has introduced a number of innovative products and services for the consumer and commercial segments such as Credit Cards, Auto Finance, Home Finance, Executive Credit Line, Project Finance, Mezzanine Finance, Real Estate Finance, Trade Finance (L/Cs, L/Gs), Capital Market Finance (IPOs) & Corporate Deposits - to name a few. Several new out-of-the-box product initiatives both in the consumer and commercial segments are slated for launch in the near future.
For further information please contact:
Maha Al Jamal,
Sr. Marketing Manager,
Finance House
T: +971 2 6194892 / E-mail: maha.aljamal@fh.ae
© Press Release 2007
