The Dubai resident has missed a few instalments but has been offered a job outside the UAE
I have a Dh70,000 personal loan with a bank in the UAE. I have been unable to pay the instalments for a few months as I have been having financial problems and my salary is not enough to cover the payments. I have been applying for other jobs in the hope of increasing my salary and have been offered a position outside the UAE. The salary is higher than what my current position pays. Is it possible to pay my loan balance from another country? If so, what do I need to do to ensure that I will have no issues with the bank and move countries to start my new job without a problem? RL, Dubai You can pay your debt from another country. However, the crucial point to note here is to communicate with your bank. As soon as you change employers, your bank will be aware of your employment status. Also, if a bank knows that somebody is leaving the country and is expected to leave behind substantial debts, it can apply to the courts for a travel ban. Banks can enforce collection even if you are ...