Expat Forum For People Moving Overseas And Living Abroad banner
Status
Not open for further replies.
1 - 7 of 7 Posts

·
Registered
Joined
·
1 Posts
Discussion Starter · #1 ·
I know this question has been asked a lot in the past, just trying to find a more current answer to it.

I'm looking to move back home in 2 or 3 months. I have a bit of debt with EmiratesNBD here - which, with my end of service payout, I can pay almost in full by the time I leave. Almost being the operative word here. I'm thinking I'll have about AED 20,000 left over.

I've spoken with EmiratesNBD, but all they say is I need to pay it in full before I leave. Is there any way around this? I fully intend to pay the rest of my debt off from Australia once I get there - I just need to figure out how to do that.

Are there any other banks that are more open to this that I could shift everything over to?

Any advice greatly appreciated!
 

·
Super Moderator
Originally from UK but lived in many countries
Joined
·
7,016 Posts
Well they would say that wouldn't they!
They know that once you have left the country - it will be much harder to chase you for money in your home country!
Once you leave Dubai - you are in total control of how and when you pay any outstanding debts to the banks and institutions in Dubai.
Cheers
Steve
 

·
Registered
Joined
·
4,176 Posts
Don't be surprised though, when you next leave the country if the Bank has already flagged you as someone doing a runner ;)

Asking the bank might not have been the smartest of moves :)
 

·
Registered
Joined
·
565 Posts
Isn't the objective of being in Dubai to leave with money in the bank?

You're only talking about ~$5000. I would just get the money in line back home and pay off your debts. Once you leave it will be harder to pay as it will be "out of sight, out of mind" and being blacklisted from the GCC isn't worth $5000.
 

·
Registered
Joined
·
170 Posts
Isn't the objective of being in Dubai to leave with money in the bank?

You're only talking about ~$5000. I would just get the money in line back home and pay off your debts. Once you leave it will be harder to pay as it will be "out of sight, out of mind" and being blacklisted from the GCC isn't worth $5000.
In other words, don't burn your bridges.
 

·
Registered
Joined
·
7 Posts
20k? hmmmm why do you leave a few payments at the bank before you leave (of your loan installment of course) and then pay off later.

Also '20k' and 'almost' are two words which shouldn't be used together when 'blacklisted' can also be used in the same sentence
 
1 - 7 of 7 Posts
Status
Not open for further replies.
Top