Loan advice please- Desperate
 

hi everyone,

Does anybody know of any loan companies in Abu Dhabi that offer short term loans to Residents?

Got made redundant, started new job after 3 month gap. now in the shit and need loan payable back over 6months to 1 year

thanks in advance for any advice/contact numbers

Re: Loan advice please- Desperate
 

So you want to take a loan to cover another loan.

Yeah, that sure will keep ya out of trouble. Why not try to resolve it with the bank? Now that you've found a job they know you've got money coming in so probably they're willing to listen.

Re: Loan advice please- Desperate
 

What kinda figure are you looking for??

Re: Loan advice please- Desperate
 

Hi

Ideally looking for aed 50k over 6 months, i know i will get hit with big interest but more important to get myself on even keel.

Cant find any listing of lenders anywhere

Re: Loan advice please- Desperate
 

citibank offered me a short term loan - but as i didn't want or need one I didn't take them up on it. You may have to be an existing customer though....

Re: Loan advice please- Desperate
 

banks will give you whatever term you need, 6 months 18 months whatever, i knew someone who wanted a year one but because they only had 8 months left on their visa that is all they were allowed, but when we went to get a loan from adcb you tell them what months you want it for and then they will just calcuate it out for you.

Re: Loan advice please- Desperate
 

I'm so worried about getting into debt that I'm paying back money I haven't even borrowed. :huh:

Re: Loan advice please- Desperate
 

I'm so calculating about debts I'm owed that I'm worried about money I haven't even lent.

Re: Loan advice please- Desperate
 

depends on what business you're in... many banks still not lending to people in risky businesses like construction, property etc. much stricter qualifications before lending too, not like the old days where they threw money at anyone who wanted it... all to the good for Dubai's future but maybe not so good for the OP.

Re: Loan advice please- Desperate
 

no some people in construction do get a loan but they do have to shop around

Re: Loan advice please- Desperate
 

You can't if you dont have a visa. Your best luck is to try with your current bank. As to take a new loan you would need a letter from your employer(saftey net for the bank) and a copy of your passport visa etc... Otherwise the whole of britain came here on visit visa took out a loan and went back to england :)

Re: Loan advice please- Desperate
 

i know, that's why I said many banks, not all banks... still not looking good for OP though.

Re: Loan advice please- Desperate
 

Either he got his loan and in no longer in trouble..


..or they repossessed his laptop!