HSBC PERSONAL LOAN

varshvlila
By varshvlila

i borrowed a personal loan from HSBC Qatar.. During intial loan processing, HSBC had agreed for loan tranfer in case I leave Qatar for new job.....
Now I am getting a new good job in Bahrain..But HSBC is now denying for loan transfer to HSBC Bahrain..instead asking to clear the loan and leave qatar.... Any one can guide me on this issue?

please reply

By qatarprisoner• 25 Oct 2008 19:32
qatarprisoner

i thought this would be the logical solution, but would not like to take the risk without confirming this with the bank.

also would me having a RP here inpact on any RP in dubai

By qatarprisoner• 25 Oct 2008 19:30
qatarprisoner

thank you for the response.

i will visit the branch to see what they advise.

thanks again.

By anonymous• 25 Oct 2008 17:09
anonymous

Simple. don't cancell the RP and leave Qatar. Transfer the required money (installment) to your Qatar Account from Bahrain every month before the deduction date by HSBC.

Ban Spoon Feeding not Me

By Banker079• 25 Oct 2008 16:46
Rating: 5/5
Banker079

Dear qatarprisoner ,

It's not a problem at all , as advised before you need to visit the above mentioned department so you can explain your leave purpose and provide the bank any supportive docs such as your new job offer letter , No objection letter from your current employer ..

The bank is not allowed to transfer any loan outside Qatar as per Central Bank of Qatar rules and customer has to pay off all his debts.

However , HSBC can allow you to leave Qatar keeping your existing personal loan outstanding but you need to provide them an acceptable guarantee and by reducing it to the minimum.

Please visit Credit Risk Management Dept in GDH , 6th Floor and ask for

Ms.Hana abu Huzeima or call them at 4383305 - 4383308

Regards

By casanova• 25 Oct 2008 16:23
Rating: 5/5
casanova

Its World's local bank, so locally u have to pay everything before you leave.... but its ridicules...

“We make a living by what we get; we make a life by what we give.”

Sir Winston Churchill

By qatarprisoner• 25 Oct 2008 16:17
qatarprisoner

i have a similiar situation, i have a loan here with hsbc, and i have a offer in dubai, which is much better for my family, the company are willing to produce any documentation necessary to transfer the loan.

can you advise if this would be possible to transfer the loan and what documentation i will require???

i would welcome speaking to you if you have any experiance with this type of situation

Regards

By Banker079• 18 Jun 2008 00:40
Rating: 5/5
Banker079

Please visit Credit Risk Management Department located in Grand Hamad Branch , 6th Floor and ask for Ms.Hana or Mr.Abdullah , they will assist you.

Or drop your contact number here

By MSJ1• 12 Jun 2008 23:10
MSJ1

Global Bank with hopeless service

By anonymous• 12 Jun 2008 22:12
Rating: 4/5
anonymous

Hsbc is a global bank.

talk to the manager of personal loans they should transfer it for you.

you may have to show your new job contract and salary certificate provided from your new employer

By Secguy• 12 Jun 2008 21:06
Secguy

Is agreement to transfer in writing?... If not you've only your word to theirs.

Motivation is when your dreams put on work clothes.

- Ben Franklin

By MidoElkon• 12 Jun 2008 20:55
MidoElkon

pay it

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