إعادة جدولة الأقساط الشهرية للقرض الشخصي لتجنب اتخاذ إجراءات قانونية

Dear Lawyer,

Thank you for the reply.

However, I am not in a position to go for a one-time settlement as it would be higher even with a discount.

Also, as I am jobless now, I don't know how I will be able to pay an EMI.

If I fail to pay the EMI what are the consequences?

What would be the imprisonment period and other sentence?

Please give me an exact idea so that I can be prepared to face it. :-(

Thanks

S.

Mr S.,

We are not sure whether the bank has already filed a criminal complaint against you or not.

If they are filing in any of the police stations in Dubai, and if the amount is less than 200k, there can be only fines issued as punishment.

I am not sure if you are in the UAE or in India at present. If you are in the UAE, please make sure there are criminal complaints against you before you travel out of the UAE to avoid apprehension.

Thank you.

Many thanks for the reply Ms Rajasree.

The bank would not have filed any complaints yet as I was paying the EMI until last month. I will be at fault only from this month onward.

My current outstanding is 206,308.00. You mentioned less than 200K, in that case, would it be advisable to pay one more EMI (I will somehow manage) and that will bring the amount to less than 200K.

I am in the UAE at present and I don't plan to travel out of the country unless I could sort this matter out.

Heartily appreciate your assistance on this issue.