Questions & Answers
Questions & Answers
7 available 7 • View allProcuring a loan statement of account from the bank
2
Q: Dear Sir,
Request to a bank for loan statement of account.
The bank is not providing a statement of account without clearing an outstanding EMI. I have not paid 3 EMIs.
I want to know the balance to transfer the loan to another bank. What do I have to do to get the loan statement of account?
Thanks and regards,
V.

Mar 26, 2019
776
Settling a court decision from abroad after paying the loan



3
Q: Hello,
I have an unpaid loan in Dubai. The bank filed a case against me and I have already a court decision.
After paying the demand of the bank, how can I settle the court decision?
Do I need to be in Dubai for the trial?




Mar 24, 2020
1579
How to reschedule bank loan payments in case or leaving the UAE
0
Q: Good afternoon,
I’m a doctor who lives and works in the UAE. I have a current personal loan which I’m paying it regularly but I have a better offer to move and work in the UK.
Is there a way to contact the bank and reschedule my loan payments and pay them from the UK?
Obviously, this will need more scheduled payment years as my salary in the UK will be less than the UAE.
To make it clear, instead of paying my loan in 4 years as here in the UAE, can I schedule it to 8 years?
Thanks!

Jun 9, 2020
1071
The possibility to pay a small percentage of a bank loan as a settlement from abroad
1
Q: I was working in Abu Dhabi.
I have a personal loan amount of 82000 and 20000 of a pending credit card bill. I lost my job due to the current COVID pandemic. When I came to India for my annual vacation, my employer terminated me and canceled my visa.
I was not able to come back. Even tourist visa possibilities were less.
As everyone in India aware that this job loss and paying back the debt of a UAE bank is very tough. I am ready to pay some small percentage of the amount to the bank as a settlement.
Is it possible?

Oct 5, 2020
1563
Paying off a credit card debt from abroad without a phone number or credit card
1
Q: Dear Sir/Madam,
I want to pay off my credit card debt in the UAE. I have relatives there but I am currently outside the country.
They have asked me to provide either my phone number which is closed or the credit card number which I have lost since it has been 2 years.
What should I do now?

Feb 27, 2023
137
What is the success rate of debt consolidation firms in restructuring debts?


0
Q: How can I know if a debt consolidation firm is legit?
My friend has consulted an agency for his debts to be consolidated and he was asked to pay AED 3,000 in 2 installments.
And the charge for power of attorney is separate as well. How effective having this debt consolidation firm?



Nov 27, 2023
75
Credit card loans with different banks. Can I settle them all at once?


1
Q: Dear Sir/Madam,
I have credit card loans with different banks, around four in total. Is there any way to negotiate and settle all of them together?
Is there a special court authority or office, like an arbitration committee, for this?
I don't want to settle them one by one; I need to settle all of them together.



Apr 22, 2024
120
Laws & Regulations
1 available 1 • View allFederal Law No. (5) of 1985 On the Civil Transactions Law of the United Arab Emirates 96
The provisions of this law, promulgating UAE Civil Code, govern the civil transactions in the United Arab Emirates. The commercial transactions remain subject to the laws and regulations applicable in their regard.
Dec 15, 1985
148343

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Other answers by
86 86 answers •
View allLabour rights for terminating a limited contract by the employer 0
Dear Sir,
My company made my position redundant due to the Coronavirus effect. I am under a limited contract.
With the end of service, they gave me one month notice period. Is it right or it should be 3 months?
Please clarify
Apr 12, 2020
596
Early termination of a tenancy contract when the landlord is not responsive 0
I want to early terminate my tenancy contract of one of my nurseries in JLT (retail unit) as the business is completely shut since March. I am unable to contact my landlord who is a Chinese national; he does not reply to email or call and may not be in Dubai.
The final cheque is due 01 May 2020, what should I do?
Apr 9, 2020
1405
Consequences of leaving the UAE without canceling the employment contract 0
I have been in Dubai 2 years ago. I left the country before the end of my contract with a hotel. I resigned after 4 months, they asked me to pay AED 5000 penalty.
Instead of paying the penalty, I just left and got back to my country. Am I banned? Will I be able to work in Dubai in the future?
Apr 19, 2020
1420
Deducting housing allowance from end of service gratuity upon resignation 0
I have resigned from my current job and my last day is May 9th after a notice period of 2 months. I was employed for 4 years.
My employer has paid me a full year housing allowance and would like to deduct the remaining months from my end of service. Is this allowed? I have not been made aware that the amount would be deducted in case I resign.
Also, I am entitled to 30 days of leave per year. Since I have resigned, they have applied a pro-rata for this year for the end of service calculation. Is this allowed?
Shouldn't I be compensated for the 30 days that I have not taken?
Thank you!
Apr 9, 2020
3226
Forcing employees to take unpaid leaves due to COVID-19 0
My company has placed all of the employees on unpaid leave due to the COVID-19 situation.
Can they legally do this without even paying our basic salary or expenses?
Apr 5, 2020
882
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