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Dharshan (Advocate)     11 June 2016

Loan taken in qatar not able to pay from india

Hello Sir,

I was working in Qatar, and taken personal loan in Qatar - Last october i lost my JOB as company terminated to cut the job  and came back to bangalore - now i am still searching job in india,Now i am not able pay as i have no JOB. will Qatar gornament will take action on me in india. What i have to do in india - Already i have informed the Bank but still they are calling me here in india to pay the loan. During the Loan i signed the Insurance for loan paying 1 lac can qatar bank can take the money from insurance.

Kindly advice me 

Regards

Prasad S



Learning

 1 Replies

Kumar Doab (FIN)     11 June 2016

You have borrowed and you should pay.

Probably the insurance is in case of death of borrower.

You may show the loan documents/agreement /T&C / insurance etc to your lawyer.


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