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Hekmat Salem

Hekmat Salem

Accountant

الأسئلة المجابة 24544 | نسبة الرضا 97.9%

Banking & Finance

I want to know how to proceed in case of my...

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I want to know how to proceed in case of my installments have been compromising over 50% of my salary?

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إجابة الخبير: Hekmat Salem

Hekmat Salem

Hekmat Salem

Accountant

الأسئلة المجابة 24544 | نسبة الرضا 97.9%

Dear customer ,

Welcome, Thank you for joining us,

with all respect and appreciation to you,

 

I would like to clarify to you that usually the banks does not allow the monthly  installment of more than  50% of the salary value when you take the loan. In some counties  they do not allow to be 40 or 30 % according to your country of residence. If you already took the loan and your salary has been deducted, then this may be legal. However, generally if you have any problems you can go to the bank and try to schedule the installment and reduce the amount of the loan. The bank may accept or reject the reschedule of the payment.

 

 I hope my answer was helpful, please let me know if you have any follow up questions. If you feel I've answered your question already, please rate my answer from top of the page. Your feedback helps to ensure only the best experts are available to help you.

We are delighted for your contacting, and you can also consult a number of experts on Jawabkom, as Doctors, nutrition specialist, engineers, and others.
Kind regards
Hekmat Salem

الرد من العميل

Yes, this is my first option, going to the bank to know what they can do regarding my current situation, however if there is nothing they can do what are the others options available? Can I pay whatever is affordable for me according to my current financial condition? I am not planning to stop the payments but for sure I cannot continuing paying almost 70% of my total income. ( Installment= AED 29,800.00. , salary= AED 43,200.00 ) . What can they do against me if I reduce my payment to an affordable level ?

إجابة الخبير: Hekmat Salem

Hekmat Salem

Hekmat Salem

Accountant

الأسئلة المجابة 24544 | نسبة الرضا 97.8%

Dear Customer,

Welcome, and thank you for trusting us

We would like to explain to you that, if you do not pay or want to pay through reduced installments, the bank still have the right to sue you legally.

You have to talk with the bank to try convincing them of rescheduling installments in match with your salary amount and financial capacity.

 

We are privileged to communicate with you, and you can always consult many experts on Jawabkom in the areas of nutrition, therapists, IT specialists, medical doctors, and many more.

Kind Regards
Hekmat Salem

إجابة الخبير: Hekmat Salem

Hekmat Salem

Hekmat Salem

Accountant

الأسئلة المجابة 24544 | نسبة الرضا 98%

Dear Customer,

Welcome, and thank you for trusting us

We would like to explain to you that, if you do not pay or want to pay through reduced installments, the bank still have the right to sue you legally.

You have to talk with the bank to try convincing them of rescheduling installments in match with your salary amount and financial capacity.

 

We are privileged to communicate with you, and you can always consult many experts on Jawabkom in the areas of nutrition, therapists, IT specialists, medical doctors, and many more.

Kind Regards
Hekmat Salem

إسأل Accountant

Hekmat Salem

Hekmat Salem

Accountant

الأسئلة المجابة 24544 | نسبة الرضا 97.9%

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