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Mohye Eldeen Rasheed

Mohye Eldeen Rasheed

Lawyer

الأسئلة المجابة 16156 | نسبة الرضا 97.7%

Lawyer

Hi my brother have not job nd in uae have a lot of...

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Hi my brother have not job nd in uae have a lot of debts so i m asking how to government help the poor

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إجابة الخبير: Mohye Eldeen Rasheed

Mohye Eldeen Rasheed

Mohye Eldeen Rasheed

Lawyer

الأسئلة المجابة 16156 | نسبة الرضا 97.7%

It should be noted that after reviewing your inquiry and legal scrutiny we would like to inform you that

A loan is actually a private contract between you and the bank. The bank does not have power and is not connected to the government as people usually think

The bank cannot ban you from travelling or chase you around. They can only legally file a civil case against you in the UAE and usually the judge is very considerate with your circumstances

In accordance with the guidelines issued by the UAE Central Bank, a borrower needs to have missed three monthly repayments before a lender can register a police case and a bank cannot issue a travel ban on a person; that can only be done by making representation to the courts

Every loan you take is insured by the bank, and if you don't pay it, the bank will eventually get the cash back from their insurance company

In the event that the intended question is otherwise, you can kindly ask us in detail and we will respond to it in the shortest time frame.

إسأل Lawyer

Mohye Eldeen Rasheed

Mohye Eldeen Rasheed

Lawyer

الأسئلة المجابة 16156 | نسبة الرضا 97.7%

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