ÍæÅ¼½ã½ã

Menu
ÍæÅ¼½ã½ã
Search
Magazine
Search

TRANSFER OF COMPANY WHILE HAVING LOAN

randy_amor

I am currently employed in Saudi Arabia ang I have a loan in Saudi Hollandi bank. I wish to transfer to other company in Saudi which offers much better compensation. How could I possibly join the company without having any problem with the bank because of my loan?

See also

Opening a bank account in Saudi ArabiaBanking in KSACan i go vacation while i have still unpaid loan in tabby ?Bank loans in Saudi ArabiaMoney with tanfeeth
riazcdki

Hello randy,

Transfer of loan liability is a routine matter, the HR manager of your new employer should be informed about your outstanding loan, the most important point which you are ignoring is that your previous employer must have issued a 'letter of introduction or reference' to the bank. You need to ensure that the bank returns that letter along with their confirmation that the previous employer is being cleared of any liability.
:)

riazcdki

Hello,

Another request 'Randi' , if possible you must change this name, it means 'a prostitute' in Urdu and Hindi :lol:

Nassir80

Hi
The bank will stop ur account until u get them a letter from ur new company confirm that your salary will be deposit to this bank
That's it

randy_amor

The spelling is different riaz. I don't need to change my name to please somebody.
Please be more civil.

Popolocroix

randy_amor wrote:

The spelling is different riaz. I don't need to change my name to please somebody.
Please be more civil.


I was telling the same to a hindi guy named Ahmed Bulbul....that never go to the Philippines...
and...that name meaning....you know what i mean...  :whistle:

sabith89

ur new salary should be deposited to this bank along with a letter from your new employer

Bank accounts for expats
Discover the best international banks to manage your money securely.
Shanmikhos

I have the same case, a company is hiring me also in saudi arabia. But i have existing loan and i cannot pay it in full. Can i continue paying may loan in my new company if i accept their offer? And what are the documents needed?