Implication on bank loans if terminated from job due to redundancy

Question

Q: Does taking out a personal loan from a Dubai bank have any implications on my visa cancellation? A: There are no implications on the bank loan, provided you keep paying the monthly installments on time. You communicate with your bank relationship manager and keep them in the loop about your job…

Hari Wadhwana · Accepted Answer

Dear Sir/ Madam,

Thank you for reaching out to me on this!

Please note that there are no implications on the bank loan if you lose your job, provided you keep paying the monthly installments on time.

Having said the above, it is advisable that you communicate with your bank relationship manager and keep them in the loop about your job.

Regards,

Hari Wadhwana

Questions & Answers