what will happen if you can’t pay bank loan in UAE

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Krishna Gautam asked 6 months ago
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My friend is working in one company nearly 2 years and he is Unlimited contract.
Company operation Force him to resign or else they are going to terminate him. There is not any valid reason to terminate him.
He has loan from the bank ; if company terminate him and also if don’t find New job definitely he will not able to pay his loan.
Kindly advise how he can solve issue. what will happen if he can’t pay loan

3 Answers
Jo Ann Lumanag answered 6 months ago

Just ask the company not to cancel him until he find new job.go to bank and tell them that you are willing to pay its just that the company is having difficulty in business.maintain ur communication with the bank and express your willingness to pay as you find new job.now ,u look for other job.

Also if . the company terminates u ,get termination letter and complain in labour.

Termination letter stamped by the company and signed by the representative of the company and noc with stamp with company.also,dont forget the 3 months salary ,2 annual leave ,gratuity pay .also ,dont forget to pray.

 



Krishna Gautam answered 6 months ago

he is unlimited contract ; what will happen if he don’t find job and has to return back home country…? jail ? what is procedure ?

Jo Ann Lumanag answered 6 months ago

Exit in oman .go back dubai as tourist visa .as much as possible dont overstay ,because employer has right to declare u absconding

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