إسأل Lawyer الآن
Mohye Eldeen Rasheed
Lawyer
الأسئلة المجابة 16156 | نسبة الرضا 97.7%
Hi my brother have not job nd in uae have a lot of...
إجابة الخبير: Mohye Eldeen Rasheed
Mohye Eldeen Rasheed
Lawyer
الأسئلة المجابة 16156 | نسبة الرضا 97.7%
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
Lawyer
الأسئلة المجابة 16156 | نسبة الرضا 97.7%
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