Bank Loan
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By aslammds1960 •
Hi members I want to enquire about the bank loan I have a loan and I loose a job in Qatar the insurance will cover the balance of payment as they are charging for insurance.
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Bank is charging insurance for Disability and Death only, it will not cover loosing job. I am a banker here and we are dealing with the same case as yours. The first thing they will do is they will make Police Case and you cannot go outside Qatar.
Loan insurance provided by bank normally does not cover loss of job. Please check terms and conditions signed while getting the loan for more details.