i have collegue in my previous company, he was the guarantor of his friend in the same company with us. The guy was terminated and till this day, he and the other guarantor are still paying for the remaining debts of their friend who took personal loan at QNB Another collegue was also terminated and must leave Qatar within a week, he had loan at CBQ but no guarantor, so he left without hassles.
Maybe it depends with company to company policy. Ours, do not interfere with their employees bank loan. Usually, the bank these days are asking for an endorsement, i forgot what they call it like recommendation letter from the company which states that they are aware that this certain employee is applying for personal loan in their bank. So anytime they terminate him, the company is obliged to inform the bank. And the bank could do the necessary action.
i have collegue in my previous company, he was the guarantor of his friend in the same company with us. The guy was terminated and till this day, he and the other guarantor are still paying for the remaining debts of their friend who took personal loan at QNB
Another collegue was also terminated and must leave Qatar within a week, he had loan at CBQ but no guarantor, so he left without hassles.
Maybe it depends with company to company policy. Ours, do not interfere with their employees bank loan. Usually, the bank these days are asking for an endorsement, i forgot what they call it like recommendation letter from the company which states that they are aware that this certain employee is applying for personal loan in their bank. So anytime they terminate him, the company is obliged to inform the bank. And the bank could do the necessary action.