Questions & Answers
Questions & Answers
3 available 3 • View allConsequences of defaulting on the payment of loan EMIs
10
Q: I have a personal loan with a bank amounting to approx. 180000 (Principal) post deduction from my end of service benefits. I was terminated from work on 10 Sept 2018.
Right now I am in India. My first EMI got bounced on Feb 2019. Please help me know what is the maximum punishment by the court in such a case. As of now, I am jobless.
If I come to Dubai to search for work, will there be a travel ban to exit from the UAE?
How can I extend my stay in Dubai as I will enter the UAE on a visit visa?
Can a settlement be through the insurance company as I was terminated by the company?
As of now, there's almost no chance to get any work in the UAE. Hence I am bankrupt.
What I can do in such a case?
Will I be able to work in the UAE and get a work visa if a case is registered?

Mar 25, 2019
1498
عواقب سحب قرض وعدم التمكُّن من السداد بسبب ترك العمل
9
س: السلام عليكم،
أنا سحبت قرض بمبلغ 225 ألفًا وأصدرت بطاقة ائتمان بمبلغ 27 ألفًا من أحد المصارف التجارية.
ذاك الوقت كان راتبي 16 ألف درهم شهريًا. تم رفضي من العمل وتحويل مبلغ نهاية الخدمة البالغ 82 ألفًا وتم حجزهم فورًا.
بعد 3 أشهر، وفي حين أنني لم أجد عملاً جديدًا، تم سحب كامل المبلغ لحساب القرض (مع اقتطاع مبلغ بسيط لتغطية الدفعات الشهرية لبطاقة الائتمان).
الوضع الحالي:
- مجمل مترتبات القرض: 109 ألف (بدون الفوائد) بدفعات شهرية قدرها 5300.
- بطاقة ائتمان: 19 ألفًا.
- متأخرات: قسط واحد للقرض ودفعة واحدة لبطاقة الائتمان.
مؤخرًا، حصلت على عمل جديد براتب 7 آلاف.
الأسئلة:
1- متى يحق للبنك التقدُّم ببلاغ؟
2- هل سيتقدم البنك ببلاغ عن المبلغ المتبقي مع/أو بدون فوائد؟ أم أنه سيقدم شيك بكامل قيمة القرض حتى مع الجزء المُسدَّد؟
3- هل من مصلحة البنك الوصول إلى تسوية تتناسب مع دخلي الحالي أم التقدُّم ببلاغ؟
4- هل هنالك توقيف في مركز الشرطة وكم المدة؟
5- هل من الممكن أن تحكم المحكمة بالسجن وكم المدة؟
شكرًا!

Apr 29, 2019
5474
Negotiating with the bank to restructure outstanding loan payment
6
Q: Hi,
I have taken a loan from the bank worth AED 450000. I lost my job in 2016 and was unable to pay the instalments, then left Dubai.
Bank people never contacted me and I left as I was unable to pay the monthly instalments. Now I am in India.
I have got another job in Dubai and I am very keen on joining it.
I contacted the bank through email asking their help to sort this, they asked me to call the call centre.
When I called the call centre no one was able to help me, they just said "we will get back to you", but no reply yet. For 1 month, they are not able to help me.
Now, I have to join my new job in Dubai asap, and unable to understand what to do. I am ready to pay half amount now and remaining half in instalments on monthly basis.
But I don't know whom to contact and how to get this sorted.
PS: I don't have any friend in Dubai who is ready to help me and go and negotiate with the bank on my behalf. I am just trying to call and sort on my own.
Please help and guide me.

Jul 17, 2018
4530
Legal blog
1 available 1 • View allThe Consequences of Job Loss and Defaulting on Financial Liabilities 26
The management of individual financial affairs is crucial and all the actions must be weighed down while committing to any financial liability. Whether it's job loss that may have lead to financial failure or the opposite, one must be aware of the personal liability which will not diminish by paying fines for cheque bounce cases. There are two major types of liabilities, criminal liability and civil liability. Each has its own significance, hence, must be dealt with accordingly.
Feb 12, 2019
18910
Laws & Regulations
4 available 4 • View allFederal Law No. (8) of 1980 Concerning the Regulation of Labor Relations 53
The provisions of this Law, known as "UAE Labour Law", govern the relationship between employers and employees and other labour matters in the United Arab Emirates. There are special labour related regulations applicable in some of the free zones in the UAE.
Apr 20, 1980
103661
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
148443
Federal 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
47925
Federal Decree-Law No. (33) of 2021 On the Regulation of Labor Relations 34
The provisions of this Decree-Law, known as "New UAE Labor Law", govern labour relations in the private sector of the United Arab Emirates. The New Labor Law repeals the previous UAE Labor Law (Federal Law No. (8) of 1980).
Sep 20, 2021
26574

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How can I cancel my visa and POA for financial matters if I have a travel ban for company bounced cheque? 0
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