They will however, take at least 50% of your final settlement. But make sure you take the final settlement after your 1st salary of new company is transferred. If you transfer it now, there are chances that bank will take 100% of your settlement.
I spoke with my bank but I got so many different information from them, now I am confused. I will be continuing my bank account since I have a loan. The Customer relations officer told me that I can continue with my loan if I give them a letter from my present company. After I was transfered to the collection officer I got to know I cannot.
I am puzzled and disappointed with this stupid bank.
What I know so far is once you resign or you are terminated the bank is immediately informed on that and they for sure will approach to collect all pending payments/loans.
If you can not settle the due amount you will not be granted the clearance to exit the country.
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Thank you all for your usefull comments.
They will however, take at least 50% of your final settlement. But make sure you take the final settlement after your 1st salary of new company is transferred. If you transfer it now, there are chances that bank will take 100% of your settlement.
Don't Worry! You can do that. Follow these steps:-
1) Go to the bank and seek for postponement of loan for couple of months (Written application)
2) Submit your resignation letter copy and new offer letter copy to the bank
Once you join your new company, and the 1st salary is transferred, then you can approach your old company for final settlement.
I spoke with my bank but I got so many different information from them, now I am confused. I will be continuing my bank account since I have a loan. The Customer relations officer told me that I can continue with my loan if I give them a letter from my present company. After I was transfered to the collection officer I got to know I cannot.
I am puzzled and disappointed with this stupid bank.
I think you should discuss this with your bank if your account which is linked to your loan will remain or closed.
I am not leaving Qatar, I resigned and joined another company, which is a registered company with banks.
My main worry is will I be ale to continue my loan or whether they will take my end of service to settle the existing loan.
I agree with the post of Galloper48.
Changing company?? Or Changing country??
What I know so far is once you resign or you are terminated the bank is immediately informed on that and they for sure will approach to collect all pending payments/loans.
If you can not settle the due amount you will not be granted the clearance to exit the country.
Regards!!
from where to where?