Open Finance House Bank Account in UAE

Finance House is a finance company that was established in the Emirate of Abu Dhabi in 2004. It’s licensed and regulated by the Central Bank of the UAE and operates from its head office in Abu Dhabi and its branches in Dubai and Sharjah. The principal activities of the Company consist of consumer and commercial finance, as well as proprietary investing. Finance House offers a wide range of services including personal and business loans, investment opportunities, insurance solutions, and financial planning services. Payment Currency: AED

Finance House Key Facts

• Digital financial platform + physical branches in 3 emirates;
• Collateral free financing;
• Flexible repayment period of up to 48 months;
• Loan amount up to AED 1 million;
• Competitive interest rate;
• Simple documentation and hassle-free service;
• No fixed deposit or cash margin requirement;
• A dedicated Relationship Manager to service all your business needs;
• International money transfers to over 100 countries;
• Automated invoicing.

Finance House’s Personal Finance Offerings

• Credit Cards: Platinum and Cartnet;
• Auto Finance;
• Easy Finance: allows to transfer loans to Finance House for a cheaper interest rate;
• Home Financing;
• Instant Loan against Gold;
• Investment;
• Asset Management;
• Insurance Products and Services.

Finance House’s Business Finance Offerings

• Project Finance;
• CAPEX Loans;
• Letters of Credit;
• Letters of Guarantee;
• Contractor Finance;
• Real Estate Finance;
• Finance for Vehicles and Equipment;
• Finance for Small and Medium Businesses;
• Trade Finance: Import and Export Solutions;
• Overdrafts;
• Mezzanine Finance;
• Local Bills Discounting;
• Discounting of Approved Payments Certificates/Invoices;
• Short to Medium Term Loans;
• Personalized Mastercard Cards for all Employees;
• 24 x 7 Cash Withdrawal from any UAE Switch ATM;
• Phone Based Money Transfers to Home Country;
• WPS compliant;
• Treasury: Multi Year Fixed Deposit, Flexi and Fixed Deposits;
• Investment;
• Asset Management;
• Insurance Products and Services;
• Brokerage Services.

Corporate Bank Account Opening Document Requirements

• Memorandum of Association (MOA);
• Power of Attorney (POA);
• Board Resolution;
• Proof of address (Title Deed/UAE; VAT filing; Ejari/Tenancy Contract; Utility Bill (for the last 3 months);
• Bank statement (for the last 3 months);
• Emirates ID;
• Passport copy;
• Valid visa (if applicable);
• Trade License or Certificate of Incorporation;
• Shareholder structure (optional);
• Additional documents will be required during the compliance stage.

Personal Account Opening Document Requirements

• Passport;
• Emirates ID;
• Registered UAE mobile number;
• Minimum monthly income AED 5,000;
• Additional documents will be required during the compliance stage.