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Dubai, UAE

How can you settle a case for loan default with the bank on low instalments?

My husband has a case for a loan in Dubai with an amount of 1 million. He had a travel ban also.

How can we settle it?

The bank does not agree to settle it in a reasonable amount. We can't afford such an amount. What will we do?

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Mohamed Bakheet Advocates & Legal Consultants
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26 Sep 2022, 19:06

Let the bank open a case then a good lawyer can negotiate with the judge to get a good deal.

Also, I could be waved completely if it's more than 7 years.

26 Sep 2022, 19:54

He took the loan in 2013.

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Midas Legal Consultants
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27 Sep 2022, 05:16

Dear Querist

We can certainly help you with settlement options with the bank as per your financial capacity.

Also, we can help you with his travel ban release.

Please reach me on the phone to discuss the procedure.

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Mohammed Bani Hashem Advocates & Legal Consultants
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27 Sep 2022, 05:58

Dear Questioner,

Pursuant to the query, we can help you to make a settlement with the bank.

Further, we need to know your matter in detail to give you proper advice.

Kindly contact us by phone.

Thank You.

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