Finance House - What is the interest charged?

What is the interest charged?

Our interest rates may vary depending on the loan term and the amount requested. Terms and conditions apply. For more details, please use our loan calculator here.

Representative example:

*The Annual Percentage Rate of Charge (APRC) on a loan of €10,000, repayable over 5 years at a fixed borrowing rate of 5.5% per annum, will be 12.96%. The loan will be repayable in 60 equal monthly instalments of €227.30. The total amount paid after 5 years will be €13,638.23.

What documentation do I need to apply for a loan?

The following documentation is required:

Copy of a valid Identity Document (ID Card or Passport).
Copy of the vehicle driving licence
Residence Rental agreement if applicable.
Copies of the latest three payslips and FS3 for previous year. In the case of self-employed individuals, we will request copies of your Profit and Loss Accounts and Tax Statements issued by the Inland Revenue Department for the last two years.
Non-Maltese nationals may be required to provide additional information in respect of their residency status, occupation and permanency in Malta as proof that they have been residing in Malta for more than two years.
Other documentation may be requested at point of loan application review.

How long will it take for my loan to be authorised?

We endeavour to provide an initial reply within 4 days (excluding Sundays and public holidays) from submission of loan application subject to having all the correct details and paperwork.

What is the loan review process?

Finance House plc will verify your application and documentation. In addition, we will review your loan affordability and credit rating. All applications should be in line with Know Your Customer (KYC) procedures and Anti Money Laundering (AML/CFT) regulations.

What is the interest charged?

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