Can I keep my car loan active by providing a guarantor to the bank for 6 months?
By shaunxperia •
Dear QL users,
I will be moving to UAE very soon, in a month may be. I am having a car loan here. Can I keep my car here in Qatar for at least 4 months by introducing a guarantor to the bank? Is it possible to come back to Qatar with enough money to close the loan and drive my car to UAE with all my home appliances?
Please guide me friends!
Note: I am having my UAE license.
Thanks for your continued support friends but does anybody knows about introducing a guarantor to the bank???
Why dont you just sell the car or transfer it to someone else??
Your company will not be able to cancel you if you have a car registered under your name..
If you are leaving Qatar for good then you need a clearance letter from the bank. And to get it you must repay all credits/loans on your name. Otherwise you won't be able to leave.
Better go to the bank and ask them about choices and a pay plan.
Regards!!