Close

Loan Transfer

Hi i am new to this forum, i like to know is it possible to transfer personal looan availed in Oman to bahrain. ( Standard Chartered Bank ). When i checked with bank, they say i have to close it before i do the exit. But some of my friends say you can exit country and pay the EMI staying outside oman. As long as EMI is paid properly bank will not take any action.  If any of you have such experience, please do share with me and kindly provide me best suggestion

Selvarocks wrote:

Hi i am new to this forum, i like to know is it possible to transfer /!\ I AM A STUPID SPAMMER /!\ availed in Oman to bahrain. ( Standard Chartered Bank ). When i checked with bank, they say i have to close it before i do the exit. But some of my friends say you can exit country and pay the EMI staying outside oman. As long as EMI is paid properly bank will not take any action.  If any of you have such experience, please do share with me and kindly provide me best suggestion

The best thing would be to discuss it with your bank from whom you borrowed the money.

Agreed, but i didn't get much help from bank,.. they were saying i need to close the loan before exit from country. If any body have come across such situation.. Please do let me know....If i don't have option to pay the loan from bahrain then i will be in bad situation to loose the offer i got in bahrain. Kindly share your fiindings

Discussion and agreement with your present bankers in Oman is the best way to go. If they have the ability to transfer your loan in Oman to the Bahrain branch then they should not have too much of problem. Otherwise, I am afraid you will have to fully repay the Oman loan before moving out.

Hi Farhaz,

Thanks for the information.  I will discuss with bank guys and update for sure..

Thanks for the info. I will discuss bank again and I will update for sure...

I work in Bahrain and I am on my vacation these days. I have few electronic devices on EMI. I didn't find any problem to pay from outside of Bahrain. I hope same case is for the banks in Oman. loan doesnt mean you are in Jail you can roam anywhere you want. just pay them on time.

Thank you for your views.

Do note - This is a very old discussion. Most likely the original poster would have sorted out his problem by now.

New topic

Questions and answers about the banking system

Ask your question
Jrdebug
Banking
By Jrdebug
ricky raj
atm card
By ricky raj
ricky raj
SBI nre recurring deposit
By ricky raj
ricky raj
money conversion
By ricky raj
Kiwi42
Banks and Insurance companies in Bahrain
By Kiwi42
Lindochka
The solution to loose change
By Lindochka

Expatriate health insurance in Bahrain

Free advice and quotation service to choose an expat health insurance in Bahrain

Moving to Bahrain

Find tips from professionals about moving to Bahrain

Travel insurance in Bahrain

Enjoy a stress-free travel across Bahrain

Flights to Bahrain

Find the best prices for your flight tickets to Bahrain