it depends, 1)if your company informing the bank and transferring E S B to the bank,if the amount is sufficient to cover the entire loan or liabilities, you can visit the bank how to get the clearance certificate and release. if the end of service is not sufficient to cover all you may visit the bank and collection department to resolve the issue by waiving some amount or other solution to release,
2) when the company not informing the bank, but you are willing to inform the bank, it is depends on bank and you how they will react,
3)since E S B is transferred to the bank, if the amount is not fully settled, most of the time they will hold
E S B until to settele to outstanding liabilities, will give you a chance to travel out of the country,
** if you are informing the bank at any chance.. try maximum to negotiate to reduce or to waive the charges or discount to repay back.
My case is the opposite , i've left Dubai to Doha and the loan balance was 30% of the g.t , they told no issues as long as you will pay regulary and you will let them take authority of your E.O.S ,however maybe it depends on the bank policy along with the centeral bank too , i herbey recommend you to visit your branch and discusse in details your plan with one of the customer care representative or even to the branch manager , good luck
Qatar's winter months are brimming with unmissable experiences, from the AFC Asian Cup 2023 to the World Aquatics Championships Doha 2024 and a variety of outdoor adventures and cultural delights.
Fasten your seatbelts and get ready for a sweet escape into the world of budget-friendly Mango Sticky Rice that's sure to satisfy both your cravings and your budget!
Celebrate World Vegan Day with our list of vegan food outlets offering an array of delectable options, spanning from colorful salads to savory shawarma and indulgent desserts.
Hi Guys,
Thanks a lot for all this informative responses and comments
Therefore, its concluded that situation like this the successful and positive output may vary on bank restriction and policy.
Hi Guys,
Thanks a lot for all this informative responses and comments
Therefore, its concluded that situation like this the successful and positive output may vary on bank restriction and policy.
4) Guarantor option may applicable within the country,
it depends, 1)if your company informing the bank and transferring E S B to the bank,if the amount is sufficient to cover the entire loan or liabilities, you can visit the bank how to get the clearance certificate and release. if the end of service is not sufficient to cover all you may visit the bank and collection department to resolve the issue by waiving some amount or other solution to release,
2) when the company not informing the bank, but you are willing to inform the bank, it is depends on bank and you how they will react,
3)since E S B is transferred to the bank, if the amount is not fully settled, most of the time they will hold
E S B until to settele to outstanding liabilities, will give you a chance to travel out of the country,
** if you are informing the bank at any chance.. try maximum to negotiate to reduce or to waive the charges or discount to repay back.
My case is the opposite , i've left Dubai to Doha and the loan balance was 30% of the g.t , they told no issues as long as you will pay regulary and you will let them take authority of your E.O.S ,however maybe it depends on the bank policy along with the centeral bank too , i herbey recommend you to visit your branch and discusse in details your plan with one of the customer care representative or even to the branch manager , good luck
its possible to transfer the Loan to any other Bank , May be Mashreq having Dubai HQ
Are you joking ?
you may contact your nearest branch, iam also having the same plan to move Dubai when I called bank they told us to go and check with nearest branch