العواقب المترتبة على التخلف عن سداد أقساط القرض

Dear Sir,

Thank you for reaching out to me on this.

Please note that if the bank holds your security cheque, then it can bounce and file a criminal case. You will escape imprisonment only in Dubai, but then there is a risk of imprisonment if the case is filed in another Emirate.

With respect to the civil case, the notion that there will be a fine of AED 5000 is misplaced as in the civil case the court will order you to pay the full amount of the loan. Without paying such amount, you won't be able to leave the country.

I would advise that you enter into a negotiation with the bank to settle the loan for a lesser amount in view of your financial position.

I trust you will find this appropriate.

Regards,

Hari Wadhwana

052-9495731