Bahrain personal loan
Mar 8th 2013, 8:17 am
#1
Just Joined
Thread Starter
Joined: Feb 2013
Posts: 8
Bahrain personal loan
I need a personal loan of BHD 10000 and think about applying for one as a resident expatriate with bahrain islamic bank but I am concerned about having problems getting in and out of the country as I am working around the gulf region.
If :
- M loan gets approved by the bank say next month
- I keep paying the monthly instalments on time -
- My situation changes and I may move to another GCC country for work and become a resident of this country
- I still keep up the loan payments on time
Will that be fine?
If :
- M loan gets approved by the bank say next month
- I keep paying the monthly instalments on time -
- My situation changes and I may move to another GCC country for work and become a resident of this country
- I still keep up the loan payments on time
Will that be fine?
Mar 8th 2013, 8:30 am
#2
Forum Regular
Joined: Mar 2012
Location: Bahrain
Posts: 37
Re: Bahrain personal loan
When you have to move to another GCC country your residence in Bahrain will seize to exist and you will have to repay the outstanding loan amount in full - as your visa/residence is tied to your work...
Muncle
Muncle
Mar 9th 2013, 7:41 am
#3
UK
Joined: Sep 2012
Location: Herefordshire, UK
Posts: 56
Re: Bahrain personal loan
Would recommend that you think very carefully before taking out a loan in Bahrain as it is all too easy to end up with a travel ban.
