Questions & Answers
Questions & Answers
8 available 8 • View allExpected action from the bank for defaulting on a loan
0
Q: Dear Madam,
Please advise me, I have a credit card and I used up to AED 50000 for the last three years. I was paying monthly the minimum instalment.
But now for the last 5 months, my salary is delayed so I did not pay the instalments.
Please advise what action can the bank take and what do I do to solve that action.
Thanks

Apr 8, 2019
1017
Possible action for delay in payment of credit card installments
4
Q: Dear Sir,
I have one credit card in a UAE bank from 2015.
I was paying the minimum instalment every month but for 5 months, my salary is delayed and I wasn't able to pay more.
The total outstanding is AED 60000. Please let me know what action can the bank take and give me some soloutions.
Thanks.

Apr 4, 2019
3534
Credit card debts and consequences in the UAE
10
Q: Madam,
I have one credit card in a UAE bank from 2015.
I was paying the minimum instalment continuously every month but for 5 months, my salary is delayed.
I want to know what action can the bank take against me.
Thanks.

Apr 3, 2019
4522
Payment of an outstanding loan from abroad after leaving
14
Q: Hi Hari,
My name is P.
I have a question for you, hoping a better clarification from you. I am working in the UAE and I have taken a loan of AED 150,000 from a bank.
Till date, I have paid my monthly dues without fail. I am planning to change my job outside the UAE.
What are the steps that I should follow?
Is it possible for me to pay my loan amount in the UAE while staying outside the UAE?
Kindly advice.

Sep 17, 2019
9160
Is it possible to leave the UAE if you have a loan and continue paying from outside?
9
Q: I have an outstanding loan in the UAE, and I got a job in Europe. How do I go about it?
If I inform the bank, will they allow me to continue paying the loan from outside the UAE?

Mar 20, 2021
1483
How to check if the bank filed a case against me before leaving the UAE?


2
Q: I lost my job and since then, I haven't been successful to get hired in the UAE. Fortunately, I got a job back home, starting date at beginning of May.
I have a bank loan with a bank that I couldn't close in full before leaving the UAE. My end of service would be used as a partial payment of the loan but the remaining balance will be over 200K.
I aim to reach a new agreement with the bank, having a lower monthly instalment and longer loan period, being paid from my home country.
I need an advice how to proceed on this matter in order to be able to leave the UAE at the end of April without being stopped at the border and reach an agreement with the bank from outside the UAE to pay the loan from my home country.
The answer time from the bank is very slow.
Thank you



Apr 20, 2021
1395
Can you leave the UAE with pending loans and pay from abroad?
4
Q: I have a loan and a credit card and may have to leave the UAE emergently to care for a sick parent.
Is there a way I can leave and make payments from the US?
How long does it usually take to be able to leave?
Any other suggestions?

Apr 28, 2021
2703
How to settle a bank loan after job loss?


1
Q: Hi,
I have just got a message from the Dubai court for a travel ban and a case number.
I have an issue with my bank for an unpaid loan and credit card although I tried many times to settle.
What do I need to do next?



Feb 20, 2023
161
Legal blog
2 available 2 • 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
18898
Online POA and Other Notary Public Services in the UAE 28
With the introduction of the new procedures for obtaining a power of attorney (POA) remotely in the UAE, after it was mandatory to appear in person in front of the notary public as a global rule to ensure the identity and intention of the person requesting a POA, we put between your hands this brief guide for how you get it done.
Jun 8, 2021
19183
Laws & Regulations
2 available 2 • 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
47912
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
148380

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My company has filed a case against a client for failure to pay and bounced cheque. How to follow up? 0
Hello.
My company has filed a case against a client for failure to pay and a bounced cheque. The client's company is registered as a virtual office in the Creative City Free Zone in Fujairah, so our case is filed there.
The client basically purchased some equipment from us, and his payment via bank transfer did not go through and was rejected. Then, when we deposited his security cheque after multiple attempts to contact and no answer, the cheque bounced.
The company is under his wife's name, and we have filed a case on the same.
The court has accepted our application, however, they have instructed the execution bureau to get the Emirates ID of this authorised signatory. The bureau is asking us to get it, and we have no way to do so, unfortunately.
Without the Emirates ID, the court cannot freeze the bank accounts or put a travel ban, etc.
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