Questions & Answers
Questions & Answers
8 available 8 • View allBounced cheque case for defaulting on loan payments
3
Q: Hi.
I have a case filed against me by the bank last month end for failing to pay 2 EMIs.
I have been unemployed since April 2017 and have managed to pay my EMIs from the settlement I received from my previous company and some other EMIs by borrowing money from friends and families.
I have not been able to find suitable employment during this time and I have AED 52,000 to pay the bank (the original amount being AED 254,000).
The cheque bounced by the bank is for an amount of AED 77,100.00. My overdue EMI is AED 9,800, while my outstanding is AED 52,000. The 4-year loan will finish tenure by July 2019.
Before the case was registered by the bank, I had emailed them (also spoke with their rep) to give me a loan deferment, however, they chose not to respond.
Please advise on the next possible actions. I still have not received any calls from any legal authorities. Will I have to face jail term or deportation?

Jan 20, 2019
1007
Settlement of a bank loan and lifting travel ban and cases
8
Q: I have a police case for a bounced cheque last year March 17. It was against a loan which I drew but later I changed my job.
I left the UAE and came back, but before I can do something the bank felt insecurity and immediately they submitted my security cheque to the police station and put a case on me.
The same day, I paid the fine and came out. Later, I joined a new company and provided the necessary documents and new security cheque.
My account was then regularised (After resigning from the previous company my account was frozen) and since then everything is fine. Now, I want to settle my loan in full. I already mobilised funds needed.
I want to know asap if I settle the loan in full, how the travel ban or police case will be removed? Will the bank do everything and give me a clearance letter?

Apr 19, 2018
8661
Outstanding debts and interest on loan and credit cards
1
Q: Hi,
My name is A. I want to get your advice about my debts.
I have 7-8 cards worth 250k and 200k personal loan. My salary is just 10k and I have my family with three grown-up kids and 60-70% of my salary goes in school fees, rent and other related expense.
My personal loan is auto-debit that means I am left with nothing to pay the instalment of the cards. I need your help in settling this issue on priority. I am overloaded with debts and need immediate help.
I have spoken to the banks and explained my problem; they are least bothered. Interest and late payment fees keep on mounting up making the amount a big challenge.
The banks have been charging me interest for years and still no help is expected from them. I would request you to suggest some amicable solution to my problem.
Looking forward to your valuable suggestions.
Thanks,
A.

Jun 18, 2019
698
Time frame to get a travel ban removed after loan settlement
9
Q: Dear Ms. Rajasree Ravivarma,
I need your help to know how much time it takes to get the travel ban removed after the loan settlement amount is paid to the bank?
I am in discussion with the bank to settle my loan amount.

Mar 22, 2021
1822
كيف يمكن تسوية مبلغ بطاقة ائتمان وقرض قبل العودة إلى الإمارات؟
0
س: سلام عليكم.
غادرت الإمارات فجأة بسبب ظروف طارئة في عام ٢٠١٩ وكان علي مستحقات لم تدفع في بطاقة ائتمان بقيمة ١٠,٠٠٠ درهم وقرض بقيمة ٤٥٠,٠٠٠ ألف درهم.
أكد صديق موثوق لي بأن لديّ قضية في نيابة أبو ظبي بالفعل وهناك غرامة بقيمة ١٠٠٠ درهم يمكن تسديدها عبر الإنترنت بسبب بطاقة ائتمان، ولا يوجد أي قضية أو بلاغ بشأن القرض!
ولكن هناك شركة تحصيل من خارج الإمارات تتواصل معي دائماً بشان القرض. لماذا لم يرفع البنك بلاغاً ضدي في الإمارات بشان القرض؟
هل يمكنني السفر إلى الإمارات للتسوية من داخل الإمارات، وما هي المخاطر؟
شكرًا لك على مساعدتك.
يرجى تقديم المشورة بشأن الإجراءات التي يمكنني اتخاذها لتسوية مشكلتي.

Oct 12, 2021
259
Removing a travel ban and a criminal case upon settlement of a loan

3
Q: Dear sir/madam,
I had an unsettled loan in Dubai way back in 2016. I was struggling in the past few years, especially during the pandemic. I want to settle my loan and go back to Dubai.
If I will settle my loan, are they going to lift the travel ban and the criminal case against me?
Is there any chance I can go back and work in Dubai?
How long will it take to settle and lift my travel ban?
Is there any way to lessen the amount of my loan?
I really want to settle this and go back to Dubai.
Thank you for your help!


Jul 25, 2022
1357
هل الأفضل التفاوض على تسوية القرض قبل مغادرة الإمارت أم بعد السفر؟




2
س: هل الأفضل التفاوض على تسوية القرض قبل مغادرة الإمارت أم بعد سفري لكندا؟
وهل يمكن أن يقبل البنك تمديد فترة السداد من ٤٨ شهرًا إلى ٩٦ شهرًا؟





Oct 19, 2023
172
I paid my landlord in cash in advance and he deposited my cheque. How to correct my AECB score?




0
Q: I paid my landlord in cash 10 days in advance and he still deposited my rent cheque. My perfect AECB score maintained for 9 years is ruined.
How can AECB be reversed and compensated if AECB cannot be corrected?
The cheque value is AED 16,250 and I have sufficient evidence + receipt from the landlord.





+3
Dec 5, 2024
71
Laws & Regulations
3 available 3 • View allFederal Law No. (3) of 1987 Promulgating the Penal Code 29
This Law promulgates the Federal Penal Code (Criminal Law) of the United Arab Emirates. Crimes and chastisement punishments shall be determined in accordance with the provisions of this Law and other penal codes.
Dec 8, 1987
47948
Federal Law No. (18) of 1993 Issuing the Commercial Transactions Law 19
This Law applies to merchants, as well as to all acts of commerce carried out in the UAE by any person even though he be not a trader. Commercial matters regarding which specific Federal laws are issued shall be subject to the provisions of such laws, and to the provisions hereof which do not contradict with said laws.
Sep 7, 1993
33056
Federal Law No. (5) of 1985 On the Civil Transactions Law of the United Arab Emirates 96
The provisions of this law, promulgating UAE Civil Code, govern the civil transactions in the United Arab Emirates. The commercial transactions remain subject to the laws and regulations applicable in their regard.
Dec 15, 1985
148515

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