Finance House - What is the interest charged?

What is the interest charged?

Presently our rate is of 9% but is discounted for specific offers and products offered by Finance House plc. Current special interest rate offers start from a reduced Interest rate of 6.99% Per annum, subject to terms and conditions.

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 9% per annum, will be 13.46%. The loan will be repayable in 60 equal monthly instalments of €229.90. The total amount paid after 5 years will be €13,793.93

*The Annual Percentage Rate of Charge (APRC) on a loan of €10,000, repayable over 5 years at a fixed borrowing rate of 6.99% per annum, will be 9.85%. The loan will be repayable in 60 equal monthly instalments of €211.72. The total amount paid after 5 years will be €12,703.40.

The following documentation is required:

Copy of a valid Identity Document (ID Card or Passport).
Proof of permanent resident address if this is not evident on identity document, which can be in the form of a Utility Bill, Bank Statement or correspondence from local Government authority department.
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 five years.
Copy of the latest bank statement where salary/income is being transacted (3 months history).
Other documentation may be requested at point of loan application review.

What is the interest charged?

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