Dubai, UAE

The legal consequences of defaulting on a bank loan

Dear Sir/Madam,

I have a loan of AED 400,000 from a bank in Dubai. I got a termination and October 2017 was my last month at work.

The bank made a case to the police for the balance amount which is AED 2500,000 as per their record. They stopped my visa procedures at my new company.

Can you advise what to do?

Abduraheem Padinhare Kayakalil

Mohamed Aleghfeli Advocates & Legal Consultants

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19 Mar 2018, 13:23

Thank you so much for approaching the portal for your requirement.

Going through your question and query in respect of the loan default and consequential legal action from the bank, please reach me through my mobile for advising you appropriately at 0527520742.

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