Regarding repaying of personel loan
By THULASI PRASAD •
Hi ALl,
I got 1,50,000.00QAR personal loan from IBQ bank and in Dec 2008 so i have to pay for 42 months in that i clear only 6 month know. that amount iam used for my sisters marriages commitment. and know situation seems to be company may send long leave or termination. For this situation when i go and ask collection depatment from IBQ bank give some advices. i ask him if i got job in Dubai or abudhabhi can i transfer my loan from their? but that person totaly disagree and told me that i have to clear my loan then you can go. or pay 50% and remaining 50% any budy should give garuntee , so both option difficult for me. So please guide me what to do????
Also, request your current employer not to terminate you, but grant long leave or NOC to join any other company.
WHAT LEVEL I KNOW FROM MY PREVIOUS LOAN, JOB SECURITY INSURANCE IS ATTACHED WITH THIS TYPE LOAN, IF YOU GOT TERMINATION INSURANCE HAVE TO PAY, I DONT KNOW ABOUT LONG LEAVE, BETTER YOU CONSULT WITH YOUR BANK ABOUT THIS...
Don't leave Doha, Search an alternate job here only.
Obtain written permission from your current employer to join the job until they call you back.
In this manner, you can continue paying the EMIs to the Bank and can save some money too.
Don't loose hope, just be courageous.. this is a temporary phase of life.. market will be better after a few months.
Also, if possible, cut down your expenses and try to settle your loan at the soonest possible.
All the best !!