At Essa Finance, we understand that financial obligations can become burdensome when managed across multiple banks. Our Other Bank Buy Out service empowers you to take control of your finances and consolidate your existing loans and credit cards. By doing so, you can simplify your financial commitments and save money in the process.
An Other Bank Buy Out is a financial strategy that allows individuals to take a proactive approach in managing their debt. This service enables you to pay off existing loans and credit card balances from one bank by taking a new loan from another bank. By consolidating your debts, you can often benefit from better interest rates, a more manageable repayment structure, and peace of mind.
Our aim is to provide individuals with the opportunity to regain control of their finances. To be eligible for an Other Bank Buy Out with Essa Finance, you should meet the following criteria:
Minimum Monthly Salary: Maintain a monthly salary of AED 5,000 or above.
Age: Aged between 21 to 60 years.
Length of Service: Have a minimum of 3 months of employment or confirmed service.
Company: Mostly available for employees of listed companies with banks.
Initiating your Other Bank Buy Out application with Essa Finance is straightforward. You’ll need to provide the following mandatory documents and information:
Valid Copy of Passport, Resident Visa, and Emirates ID: Proof of your identity and residence status.
Salary Certificate Addressed to the Respective Bank: Documentation confirming your employment and salary details.
Liability Letter from the Bank: A letter from your existing bank specifying your outstanding liabilities.
3 Months Bank Statement: A record of your financial transactions for the past three months.
Essa Finance’s Other Bank Buy Out service offers a path to financial consolidation and savings. It allows you to simplify your financial commitments and potentially reduce the cost of managing your debt. Apply for an Other Bank Buy Out with Essa Finance and take the first step toward regaining your financial independence and peace of mind. Your financial well-being is our top priority.
Step into a world of financial empowerment with Essa Finance. We are your passport to financial excellence, offering a unique blend of financial acumen and unwavering dedication to safeguard your financial interests.”
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