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UN PAID BANK LOAN AND CONSEQUENCES

Last activity 18 June 2023 by ashraf_vnb

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waheedch

Hi,

Am expat and living in jubail, have loan and due to corona, my job has gone. could not pay the last 5 installments out of 36. Bank is saying they will file case against me. I want to understand what are the consequences.
Can I get some time 4-5 months to pay my remaining installments?

Zarrougmm

Hello My fellow Human,

I took time to do this so listen carefully from a -many-fisthand ExperienceS  in Situation that is typical What you going through Now on recent changes in law
: Say you’re  Loan is paid at 1000 rial month so they probably owe you 5000 on it tomorrow however once you reach 6000 they can pursue new legal and court of law that will make them owe you the whole amount and full payment .
But you are not going to jail , not if you listen and act out .
1.when you owed 6 installments it is the time the trigger collected to seek lawyers , but they won’t  ..not now  they want to keep you at five installments late ..maximum .. they will push for 4 ..

Because they know since 2018 they can not freez your service .. Or have travel ban on you easily ,, they do all in their power to keep it at five payment late ..

How ever if thing went to court, it will be that judge will rule for a monthly payment,,so it is the same why they go over legal hussel with fees and all

Bottom line ,, feed this loan with  money but keep it hungry until u decide that you will fly away and they claim insurance.

Good luck

Advice : never stop being.. any amount .. just keep em coming

Arsal7

Zarrougmm wrote:

Hello My fellow Human,

I took time to do this so listen carefully from a -many-fisthand ExperienceS  in Situation that is typical What you going through Now on recent changes in law
: Say you’re  Loan is paid at 1000 rial month so they probably owe you 5000 on it tomorrow however once you reach 6000 they can pursue new legal and court of law that will make them owe you the whole amount and full payment .
But you are not going to jail , not if you listen and act out .
1.when you owed 6 installments it is the time the trigger collected to seek lawyers , but they won’t  ..not now  they want to keep you at five installments late ..maximum .. they will push for 4 ..

Because they know since 2018 they can not freez your service .. Or have travel ban on you easily ,, they do all in their power to keep it at five payment late ..

How ever if thing went to court, it will be that judge will rule for a monthly payment,,so it is the same why they go over legal hussel with fees and all

Bottom line ,, feed this loan with  money but keep it hungry until u decide that you will fly away and they claim insurance.

Good luck

Advice : never stop being.. any amount .. just keep em coming


Really?
Will he be able to go on vacation/final exit without clearing that loan?

Zarrougmm

thats the rules now , no travel ban , freezed services or jail for unpaid loan

pmtildawn1

Hi Everyone,

Please could someone advise what the protocols are if you are terminated from your employment or resigned from your employment with outstanding bank loans/credit..
Can you set up direct debit to pay outstanding balance from another country to KSA banks?

Thanks - appreciate any valued advise

Regards,

Paul

shameerjac

Dear sir,
I am one year ago, i am indian expatrates,
My before sponsor fake case against me, before he took empty blank paper sign.. After he make fake loan  complain against me.. Still ongoing case.. How to solve this problwm

Arielcarpon922
Hi, possible togo for vacation even if i have loan and credit card in saudi?
RedTrumpet
Hi, possible togo for vacation even if i have loan and credit card in saudi?
- @Arielcarpon922
As long as your company issued you an exit / re-entry, you are good to go for vacation.
bamendozaJr Channel

@RedTrumpet how about exit visa with unpaid load but no delaued payment

Syed Abdullah74

Hi, I have unpaid loan of 2,148 and court imposed travel ban on me, I didn’t pay the loan because I was terminated from the company and I took transfer to kafeel and went on vacations for 6 months so what shall I do for it, now, I am ready to pay the loan now but everything is suspended my account, now I am receiving 500 riyals postpaid bill of judicial cost.

so please tell me, case can be removed?

ashraf_vnb

@Syed Abdullah74  hi brother, have you solved your problem? I am also facing the same issue

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