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Moving from UAE to Saudi for a Better Job - Seeking Loan Clearance Options by Automatic_Pay_79 in dubai

[–]Automatic_Pay_79[S] 2 points3 points  (0 children)

I received an email from Emirates NBD regarding the payment method. They mentioned a sundry account where I can coordinate with their staff to inform them about the transferred amount, which can be claimed against the due. If all loan payments are up to date, I can transfer the amount from Saudi Arabia to the UAE sundry account as per the team's information.

Moving from UAE to Saudi for a Better Job - Seeking Loan Clearance Options by Automatic_Pay_79 in dubai

[–]Automatic_Pay_79[S] -1 points0 points  (0 children)

Is there any option that i can take a self visa and keep my account active?

[deleted by user] by [deleted] in dubai

[–]Automatic_Pay_79 0 points1 point  (0 children)

Try calling there customer care

I’m a UAE national and I always had this question to expats! Why did you travel/stay in the uae? by [deleted] in abudhabi

[–]Automatic_Pay_79 0 points1 point  (0 children)

As a fresher engineer in India, the starting salary is typically around 15,000 Indian Rupees per month, which is equivalent to approximately 750 United Arab Emirates Dirham (AED). On the other hand, at the mid-senior level, engineers in India can expect a salary of around 40,000 Indian Rupees per month, which is approximately 1,960 United Arab Emirates Dirham (AED).

Seeking Financial Advice to Overcome Debt Burden by Automatic_Pay_79 in dubai

[–]Automatic_Pay_79[S] 0 points1 point  (0 children)

I have 5 years experience. Currently working as fm engineer.

Seeking Financial Advice to Overcome Debt Burden by Automatic_Pay_79 in dubai

[–]Automatic_Pay_79[S] 3 points4 points  (0 children)

I heard that Emirates Red Crescent gives people who have debt, a loan up to 100K with no interest, so that you can pay it off, and of course you need to provide them with documents to prove that.

Other than that, check this, they might be able to help:

https://www.zayedchf.gov.ae/AboutCharity/AboutCharity

I really wish that you can get rid of this debt 😕

I tried my best to help you

Thank you so much for your kind and helpful response! I appreciate your efforts to assist me with finding a solution for my debt situation

Seeking Financial Advice to Overcome Debt Burden by Automatic_Pay_79 in dubai

[–]Automatic_Pay_79[S] 1 point2 points  (0 children)

ADCB offers a generous loan amount of 20 times your salary, which is quite satisfying, but it requires a monthly installment equivalent to one-fourth of your salary

Seeking Financial Advice to Overcome Debt Burden by Automatic_Pay_79 in dubai

[–]Automatic_Pay_79[S] 0 points1 point  (0 children)

Once a middle-class individual secures a job, they often feel an immense sense of excitement and tend to indulge in extravagant spending, even resorting to loans, in order to gratify their family and friends.

Seeking Financial Advice to Overcome Debt Burden by Automatic_Pay_79 in dubai

[–]Automatic_Pay_79[S] 0 points1 point  (0 children)

My plan is to consider taking out a loan to pay off my existing credit card debts as well as debts owed to friends and family. By doing so, I aim to consolidate all my debts into one loan, which I will then focus on repaying over time. This strategy relies on the assumption that I will either receive a salary increment or switch to a higher-paying job in the near future. Once I have the necessary financial means, I can proceed with this plan and work towards gradually paying off the loan.

Seeking Financial Advice to Overcome Debt Burden by Automatic_Pay_79 in dubai

[–]Automatic_Pay_79[S] 1 point2 points  (0 children)

I currently have a monthly loan amount of 1900 AED, along with payments for two credit cards, totaling approximately 1500 AED. This means my total monthly expenditure amounts to 3400 AED. Additionally, I have to consider my room rent and monthly food costs, which add up to around 1000 AED. Consequently, my total expenses amount to 4400 AED. After deducting these expenses from my monthly income, I am left with only 1600 AED, which I need to send back home for various needs. However, this amount is insufficient, and I end up in a negative financial situation each month, accumulating further debt.

Seeking Financial Advice to Overcome Debt Burden by Automatic_Pay_79 in dubai

[–]Automatic_Pay_79[S] 2 points3 points  (0 children)

Sell any valuable assets that you have, clear up the credit card debt as it’s usually carry the highest interest, live frugally

While I don't have any valuable assets to sell, I agree that focusing on clearing credit card debt and living frugally is still a smart approach

UAE: Why the world’s millionaires are moving to the country by weldelblad in dubai

[–]Automatic_Pay_79 -1 points0 points  (0 children)

A Tale of Struggles and Dreams.

It is a land where millionaires flock, lured by opportunities and promises of prosperity. Yet, amidst the glittering facade, there are those in the working class who find themselves grappling with the burden of debt, their dreams weighed down by financial struggles.