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Can i change job while having a personal loan

shaijith's picture

I had taken 3 years loan from Doha bank. If i want to switch job within Qatar. Is that possible?

My company will give me NOC. But i wonder, whether the bank will make any issues during the transfer process?

QL er's valuable comments are needed. Appreciate your support

Thank you


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smoke's picture

smoke said Dont think they should make ...

Dont think they should make any issues if you are going to be using the same bank to get your monthly salary.

Good Fortune always comes knocking at your door...when you are sh*tting in the toilet!! :)

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Good Fortune always comes knocking at your door...when you are sh*tting in the toilet!

 

Xray's picture

Xray said i concur too ...

i concur too

 

Formatted Soul's picture

Formatted Soul said A friend of mine had a loan ...

A friend of mine had a loan when she quit her job; when her end benefits are credited to her account the Bank froze her account... Then she had to show them her new offer letter to release the money.

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SajanSajan's picture

SajanSajan said I think... ...

I believe U should go 2 the Bank & have a word with them to avoid Unpleasant Experiences..

 

shaijith's picture

shaijith said Thanks a lot .... I inquired ...

Thanks a lot ....

I inquired with a friend of mine at a financial institution and got this answer...would like to share with u all ...may be of help to some1 else as well

The procedure depends. If you get a release and move to a new company, you are not cancelling the visa and so need not clear the loan account.

However, when you take an NOC to change the visa to a new company, the old visa is cancelled and for this you have to clear the loan. Or if you intend to come back to Qatar for ex.. you are moving to QP company, you have to give guarantee from 2-3 persons along with the offer letter from QP to the bank and make an arrangement. So when you come back to Qatar, the guarantee will be cleared on starting of repayment of the loan.

 

shaijith's picture

shaijith said thanks a ton for all ur ...

thanks a ton for all ur valuable comments...QLer's rock

 

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