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The possibility to deposit the security cheque for a small pending loan amount?

Hi sir,

I need to know information regarding the below issue:

I have a personal loan of 80k. Out of that, I paid 74k so far. Last few months, I couldn’t pay due to the pandemic situation. Back home, I am supporting them as well using my salary.

I have only 5000 AED pending to pay for the loan, still, from time to time, I pay small amounts like 500AED/1000AED for the loan.

Now, the bank is threatening me to deposit the security deposit cheque for 80k. I requested one week only from them to deposit the rest, but they keep threatening me with it.

Can they deposit it just for the 5k pending amount?

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Elnaggar & Partners
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1 Sep 2021, 05:27

No, they can't.

And in case they did, it will be refused by the court only if you submitted your supporting documents which shows that you are steadily paying to the bank.

Supporting documents can be a bank statement.

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