Tnx typhoon.....im just praying i will get NOC.So the issues for insurance is out of the topic already.Is anybody there who has the knowledge about insurance.my Question is why does the bank approve any loans amounted 5 yrs more than my salary?what assurance they will hold that the borrower can pay in which our work is contractual thinking this where the insurance is coming to the picture.The bank will not squeeze the person who think can't pay because not having any job?I'm thinking why the bank also take risk to give any big loan to a borrower without any sure assurance that they can pay aside for having a monthly salary and end of service benefits.What about for those people who take vacation and never comeback to Qatar?what will happen to there loan?who will shoulder in paying this?this is worst than the borrower lost job and they will get the end of service award.This is a big question to me?
Tnx typhoon.....im just praying i will get NOC.So the issues for insurance is out of the topic already.Is anybody there who has the knowledge about insurance.my Question is why does the bank approve any loans amounted 5 yrs more than my salary?what assurance they will hold that the borrower can pay in which our work is contractual thinking this where the insurance is coming to the picture.The bank will not squeeze the person who think can't pay because not having any job?I'm thinking why the bank also take risk to give any big loan to a borrower without any sure assurance that they can pay aside for having a monthly salary and end of service benefits.What about for those people who take vacation and never comeback to Qatar?what will happen to there loan?who will shoulder in paying this?this is worst than the borrower lost job and they will get the end of service award.This is a big question to me?