Questions & Answers
Settlement of an outstanding loan with the bank
Dear Madam,
Just 2 days before I got termination from my company I am working at in the UAE since 24th Feb 2015, I took a personal loan from a bank.
Now, the total outstanding including interest is AED 90000. Can you please advise me because I am jobless?
I am working in a construction MEP company and it's not easy to get another job.
Best regards

Dear Questioner,
Thank you for contacting me. I am sorry to hear about your situation.
You may talk to the bank with regard to the termination order and may seek time from the bank for settling the outstanding by surrendering your end of service benefits.
Please note that there is no scope for legal advice or a lawyer's intervention in this matter. Kindly approach the bank for a settlement talk.
Please feel free to contact me if you need any information, assistance or guidance in future.
Thank you.
Regards,
Rajasree Ravivarma