What to do with the bank if they accept to settle only with the entire loan?

Hi,

Firstly, thank you for this service.

Let me briefly describe my situation.

Been in Dubai for a long time. Lost my job recently and frantically applying for a new one. Currently on garden leave until June, so only 2 more salary payments are pending.

I have a loan for AED 950k and an outstanding mortgage of 900k (the value of the property is 2m AED.

Afraid that after June I will not keep up with payments on the loan for sure which are 33k per month. Willing to settle since I have access to some funds but the bank only wants to settle on the full amount with all 5-year interest payments added.

I have access through the family of approx. AED 500k to use for settlement. The loan was for 5 years and paid without any defaults for 26 months. I have no savings at this time but in the coming June, I will most likely default.

Any advice would be appreciated.

God bless.