Questions & Answers
How to settle a bank loan while being in home country?
I had a personal loan with a bank in the UAE. I lost my job during the pandemic in April 2020. I stayed in the UAE till Nov 2020 searching for a job but I couldn`t find a job so I was planning to travel to India.
They filed a criminal case in October 2020 so I couldn`t exit the country. I paid a fine of 10020 AED in Dubai police station and lifted the ban, then I exited the country.
The bounced cheque amount from the bank was 131000 AED. I had a credit card outstanding of 24000 AED from another bank. Now the outstanding is 41020.
How to resolve the issue as I am out of the country.
Will it affect traveling to any other GCC country?
They have filed a case now.
Dear questioner,
Thank you for contacting me!
I understand that you have already resolved the criminal complaint. The bank may file a performance order based on the bounced cheque. They may file a civil case for the recovery of the outstanding including all the applicable interests as well.
However, the implication of any such criminal or civil cases is less likely to be reflected in any other GCC countries other than the UAE.
To resolve the issues, you may either contact the banks for an affordable repayment plan or face it legally.
Regards,
Rajasree Ravivarma
