Bank Loans
Hello, I am looking for some EDUCATED information on Bank Loans in Doha.
1. If you take a loan in the amount of 300,000 Qatari Riyals...
a. Would I be able to leave the country of Doha for vacation?
b. If I decided to move from Doha, would I be able to continue to pay the loan in payments or would the Bank want me to pay the entire loan before I leave?
c. How would I transfer that amount of money to the United States without paying tax. ( it is a loan after all and not money earned)
I want to make sure I am fully infomed if I decide to take a loan. I do not want to be stuck in Doha. I appreciate everyone's response, but please do not recommend me to "skip out on the loan". I am a professional and I frequently travel internationally.
You can also reach me at [email protected]
Sounds like this guy is going to apply for a loan and then run...classic...and he is seeking advice on QL to do it.
Why you worry , there are hundreds of people who had been given out free money by banks and they went off without returning the bank money .... they also travel internationally but skip those particular generous countries ....
Tue , 25.03.2014 , 07.39 hrs ...
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a. yes you can Doha for vacation even if u have an active bank loan.
b. moving from Doha on exit visa you should settle first your bank loan, else you can only leave
provided that ur company does not inform the bank that ur going to leave Doha on exit visa.
Why don't you walk over to some banks here and tell them your above views and then see their reaction.