Q: I have an outstanding loan to be paid to my bank (never miss a payment). Can I be allowed to leave the UAE if I have unpaid loan debt? A: You will be able to transfer fees electronically from your bank account in Saudi Arabia to your bank account in the UAE, and then continue making payments…

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Traveling to a GCC country while a loan is outstanding in the UAE

Dear sir/madam,

Can I be allowed to leave the UAE if I have unpaid loan debt?

I have an outstanding loan to be paid to my bank (never miss a payment) and I am considering changing my job and moving to Saudi Arabia. I will be paying the outstanding balance from there.

Are there any obstacles to relocating to another GCC country?

Lavenia Emberson

VNZ Legal Consultancy Services

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12 Apr 2022, 10:03

Dear questioner,

You will be able to transfer fees electronically from your bank account in Saudi Arabia to your bank account in the UAE, and then continue making payments as usual.

You will need to find out what the international transfer fee will be, which will be dependent on the location and the bank. Once you have a bank account in Saudi Arabia, contact them regarding the fees involved.

Kind Regards,

12 Apr 2022, 10:11

Thanks for your quick response. It is very helpful!

My main worry is whether I will be allowed to travel out of the UAE to join a new company in Saudi Arabia while there is an outstanding loan?

Thanks!

12 Apr 2022, 10:45

You are most welcome!

Our advice is to first obtain a bank account within Saudi Arabia in order to allow you to do so.

We would advise that you also kindly contact your bank here directly and speak with a consultant/advisor.

Your loan generally will not prevent you from traveling but as stated before, we encourage you to keep up with the monthly installments as agreed upon between yourself and your bank.

Kind Regards,

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Maryam Ali Saleh Hayyaz

Maryam Hayyaz & Wejdan Bushahab Advocates

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12 Apr 2022, 11:11

Dear questioner,

It shouldn't be a problem, as long as you will continue paying on time, but please note that once you are done paying the loan, only you are authorized to request and collect the loan Clearance Certificate from the bank, and to close the bank account if required.

Regards,

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