Q: If you are fired from your job of 10 years and you have a loan, what will happen with UAE law… A: If it is a listed company, the EOSB will be transferred…

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Can your bank loan affect your end of service benefits?

If you are fired from your job of 10 years and you have a loan, what will happen with UAE law?

Can you lose your end of service benefits?

Iqra Salim

Dr. Hassan Al Marzooqi Advocates & Legal Consultants

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10 Aug 2017, 09:17

If it is a listed company, the EOSB (End of Service Benefits) will be transferred and put on hold by the bank until you off the loan. If not, you may withdraw the money after receiving EOSB.

EOSB is your right and loan is your liability. The right under the law is well secured and shall not be affected due to loan liability.

10 Aug 2017, 09:26

Thank you.

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Can your bank loan affect your end of service benefits?