Questions & Answers
Holding the EOSB of an employee by the bank upon changing jobs
Hi,
Good eve, Madam.
I have a query regarding EOSB. I resigned from my previous company and my EOSB was held by the bank due to my existing loan until I can provide them with new documents for my current job.
Let's make things short. I provide them with a new visa and salary transfer letter addressed to the bank.
Unfortunately, upon presenting all the documents, they informed me that the new company is not listed in the bank.
Do the bank have the right to use my EOSB to adjust my remaining loan?
Hello,
Hope all is good.
Yes, the bank can hold your EOSB. Every bank has its own internal policy to proceed.
We can help you with negotiations with the bank to reach a reasonable amount with them.
Please email me for more info.
Thank you.
We will need to review the agreement you have with the bank.
