Personal Loan from Islamic Banking :: I lost my JOB

Hello everyone.

I would like to take a personal loan and my salary is 4500 qatari riyal which bank is provide a personal loan of amount 50000 Qtr.

Please suggest me.

Hi, i work in land mark group, my salary Qrs. 3500+ and i need a personal loan. Any bank, that give me a personal loan in Qrs.3500+ salary.

GOD BLESS YOU,TRY TO GET ANOTHER JOB,IF ANY INTREST/SERVICE CHARGES YOU PAY FOR THE LOAN WHEN YOU TAKE

I want to take personal loan from doha bank what are the document required and how to apply to get immediatelly

any guaranted required for this

first check with your bank sales guy who arranged loan for you, otherwise read concern bank rules n regulations, most of the cases in personal loans if you are loosing r terminating from job in proper reason (means without ur fault or mistake) no need to pay the amount bank, any how check with sales guy,

if your company will terminate you and will not give u release.. what the hell is wrong with them?! get a lawyer.. they are going to terminate you, and they will not issue a release?! are they crazy?

im sure that ur company will give u NOC.. better sell ur car, and use the money to pay the monthly deposits for ur loan, while looking for a job.. i think in a month or two u can get a job.. ask the bank for a grace period if u are sure u can get a new job... if not better, go home before the bank knows that you lost your job.. its not your fault, ok.. sell the car, and everything.. go home, if u reach ur country.. return all the money u got from selling ur things..

Loan amount is usually granted on the basis of your salary and a salary certificate is also attached to your loan application. I guess the law says (I asume Qatar has the same law as UAE)if you can not repay your loan due to being terminated and cannot find another job you will have to sell your assets such as car to settle the loan amount and also your end of services benefits shall be transferred to the bank as a compensation to the outstanding loan.

buddy sell all item that you have... you'll never know... you might get something in returned ..

If you withdrew a loan of 75k, for sure you will have to pay more (as called profit by Islamic Banks & Interest by other commercial banks). When you sell your car & furniture, you will collect 47k as mentioned in ur post. Now isnt there more you have to pay than 28k to the bank? anyways, if you bought a car for 60k just about a year or more back, shouldnt you be able to fetch a better amount than just 40k ? what car looses depreciation of 20k in a year ?

try to get a better deal for your car & furnitures, still if 28k remaining amount, go to the bank, make sure you talk to MANAGER, speak politely, they know the situations all over the world. Tell them, this is what you can give them now, & dont find any other way to give them anything back. They will suggest a way, they have advisors, banks may waive off the remaining as bad debts & claim from Insurance, as i belive loans to have insurance.

PS: you can leave the country any time before the bank is notified about your termination, but i recommend not to take this step. you will be black listed.

Dont worry, there are thousands of people with same situation of yours here in Qatar presently. Its not your fault, you never tried to steal anything, or running away. Banks wont eat you up,,no one will do anything, just be away from heavy tensions, sleep well & you will think of a better way yourself.

My prayers are with you. All the best.

I think you only have to pay less than QR 28,000 because you've already paid 1.5 years out of the 4 year loan term.

As already suggested, sell your car and household stuffs, then add also your end of service gratuity and your last salary and maybe you might be able to come up with enough money to clear your loan.

Yes, sell your car and furnishings and then go to the bank and offer them this amount plus whatever end-of-contract gratuity you might be owed. Banks will often take what they can get if it's a reasonable offer. And let this be a reminder to others - don't take out big loans that you do not have an alternative way of repaying if you lose your job. Not to pick on this gentleman, but 60,000 for a car is quite a bit. You can get a used car for half of that.

CHECK WITH YOUR DOCUMENTS WITCH YOU ARE RE-PAYING TO BANNK THERE IS SHOULD BE A RISK COVERAGE INSURANCE IF ITS THERE PAY AMOUNT WHAT EVER YOU HAVE THEN TALK TO BANK PEOPLE THAT YOU LOSE YOUR JOB AND REASON

Be positive! don't worry much. sell ur car plus household stuffs, request for an NOC from ur previous employer, talk with your sponsor... Coupled with prayers I'm sure you'll soon be landing into a new job!

ASK FOR AN AMNESTY WITH YOUR BANK...MAYBE THEY WILL WAIVE THE INTEREST..

KEEP ON PRAYING....THE GOOD LORD WILL GUIDE YOU!!!

I am Ready to Sell my CAR + HouseHold.

My Car would Fetch Qrs. 40,000

The Household Stuff Qrs. 7000.

It becomes Qrs. 47,000/-.

I do not have remaining Qrs. 28,000/-

My Sponsor will not give me Release.

I heard several cases as yours, notify the bank (by letter) that you are unble to pay for succeding months until you get a new job. you cannot go anywhere I mean outside the country until you seattle/finish your loan. Im sure that you will be able to get NOC from your sponsor to find a new job because the goverment have no choice to hold you in this country until such time you completed your loan.

Other option is sell your car .... in order to lower than your loan.

Hope you can find a new job sooner.

Good luck to you!

NEVER run away...

Ask your company if they could give NOC...find a job for you to pay those loans...or just sell your car and ask help from your family for the remaining unpaid amount.

GOD bless and good luck....

May God help u to solve ur problem...

Is there any lost of job insurance for ur loan....Plaese check and make sure...

Ignore the post of running away because YOU CAN'T!!! The moment the company terminates you, they will inform the bank that you have been terminated. The bank will file a case under the Ministry of Interior banning you from leaving the country. Sell your car and it will pay for some, if not all, of your loans.

Good luck in finding a new job.

Dear

if you dont like to sell your car and pay the Loan. the just RUN AWAY....

sell ur car and pay the loan .nothing to worry

if you can organise a job else where for your self, back home or another country, you can talk to the banks risk department and they will consider if you can leave and still send money back. other than that if your company has terminated your because of down sizing they must provide NOC and you can find a new job/sponsor here

Sell your car and houdehold items and pay the bank loan.

I do no know what action specifically Islamic bank would take but certainly they will want you to repay the loan somehow. In a similar case another bank reportedly arranged a ban for the borrower to travel outside the country. And I think that's it. You better find another job in Qatar and repay the loan. May God help you to find a way out.