الآثار المترتبة على التخلف عن سداد الأقساط الشهرية لقرض

Dear Sir/Madam,

Thank you for reaching out to me on this.

I understand your situation and in order to assist you in this, can you tell me if you had insurance on job loss for this loan?

If yes, then this can be resolved without going to court.

In case there is no insurance, then you can immediately get in touch with the bank to offer an alternate instalment-based plan in order to let you pay off the loan.

In case there is no settlement with the bank, the bank will bounce your security cheque and file a police case against you.

Assuming they bounce a cheque for under AED 200,000/- then you will be exposed to a judgement in fine.

Once you pay this fine amount, your name will be cleared off the system and the ban will be lifted. This means you can re-enter the UAE to search for a job.

You can pay the fine by assigning a power of attorney to a relative/ friend or a legal representative in the UAE.

No visa will be accepted till the time you have this police case on your name. Further, you can get apprehended at the airport if you try visiting/transiting through the UAE.

I trust you will find this appropriate.

Regards,

Hari Wadhwana

052-9495731