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How to reschedule bank loan payments in case or leaving the UAE

Good afternoon,

I’m a doctor who lives and works in the UAE. I have a current personal loan which I’m paying it regularly but I have a better offer to move and work in the UK.

Is there a way to contact the bank and reschedule my loan payments and pay them from the UK?

Obviously, this will need more scheduled payment years as my salary in the UK will be less than the UAE.

To make it clear, instead of paying my loan in 4 years as here in the UAE, can I schedule it to 8 years?

Thanks!

Swiss Group Legal Ltd
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9 Jun 2020, 09:51

Dear Questioner,

That will depend on the bank policies you are dealing with.

You should speak with the bank representative and discuss your options for a new payment plan.

Good Luck.

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