Loan Transfer
By Valthassar •
Greetings to everyone
I just want to know if it's possible to transfer my current loan balance to my brother in CBQ. The amount as of this posting is only 19.5k QAR. I am still currently working but in danger of getting laid off based on the company's situation right now. I still have basically 8 months more to pay and I believe my gratuity pay will not be enough since I'm barely 1 year on my new company.
The reason why I want to transfer it now rather than later when I actually get laid off is that I want to start saving now since I cannot save money with the monthly deduction on.
Subject to your brothers eligibility and documents he have, he can become a guarantor for your loan or get a new loan in his name and pay back your loan amount.