Gå ubegrenset med Magzter GOLD
Få ubegrenset tilgang til over 9000 magasiner, aviser og premiumhistorier for bare
Can debtors request restructuring of their loans to ease repayment?
Khaleej Times
|October 06, 2025
The regulatory framework ensures that banks should not ignore such requests and must provide you with fair and transparent options
Question: I am a single mother who has fallen on hard times. I am struggling with significant credit card and loan debts from multiple banks. Are there any legal options available to help me manage this situation? I am not looking for charity — rather, is there a way to restructure all my debts from multiple banks into a single loan so I can repay them in monthly instalments?
Answer: In the UAE, banks are required to support customers facing financial difficulties by offering qualified credit counselling, encouraging open discussions about debt concerns, and giving fair consideration to alternative repayment options such as rescheduling or restructuring.
This ensures that borrowers are treated fairly and have a chance to manage their obligations in a sustainable way. This is in accordance with Article 5.2.4.1 of Consumer Protection Standards, issued under Circular No. 8/2020 by the Central Bank of the UAE.
Denne historien er fra October 06, 2025-utgaven av Khaleej Times.
Abonner på Magzter GOLD for å få tilgang til tusenvis av kuraterte premiumhistorier og over 9000 magasiner og aviser.
Allerede abonnent? Logg på
FLERE HISTORIER FRA Khaleej Times
Khaleej Times
GCC set for stronger growth in 2026
Economic growth across the Gulf Cooperation Council (GCC) is set to accelerate in 2026, with the region projected to outperform its 2025 performance despite muted oil revenues and ongoing global uncertainties.
3 mins
December 19, 2025
Khaleej Times
Next Fed chair in 'no-win scenario' as selection nears
Trump, who elevated Powell to chair in 2017, appears haunted by that decision. He has made it clear that this time he wants someone more malleable
5 mins
December 19, 2025
Khaleej Times
NYT: US may strip more foreign-born Americans of citizenship
The Trump administration intends to increase its efforts to strip some naturalised Americans of their US citizenship, the New York Times reported on Wednesday, citing internal guidance.
1 min
December 19, 2025
Khaleej Times
What it takes to listen to The Voice of Hind Rajab
Kaouther Ben Hania's latest is impossible to watch without a moral or emotional distance
2 mins
December 19, 2025
Khaleej Times
Birth rates fall among Emiratis as families cite rising costs, career, health concerns
As birth rates among Emiratis have declined over the past decade, several families have shared the reasons behind their decisions to limit the number of children and refrain from expanding their families.
4 mins
December 19, 2025
Khaleej Times
Residents take precautions as unstable weather persists
As unstable weather moves across the UAE, residents in Dubai and nearby areas are taking extra precautions, adjusting work routines, commute choices, and in some cases stepping in to protect vulnerable animals in their communities.
2 mins
December 19, 2025
Khaleej Times
Guarded and formal: Pope Leo sets different tone
As he gears up for his first Christmas as leader of the world’s Catholics, Pope Leo XIV is starting to show more noticeable differences in leadership style with his predecessor Francis.
2 mins
December 19, 2025
Khaleej Times
Dubai residents put down roots as tenure surges
Dubai's transformation from a transient expatriate hub to a long-term home for the majority of its residents is accelerating, with new data showing a sharp rise in how long people choose to stay in the emirate.
2 mins
December 19, 2025
Khaleej Times
Sabalenka, Kyrgios ready for Battle of the Sexes: The Dubai Showdown
World No.1 Aryna Sabalenka and tennis showman Nick Kyrgios have expressed their excitement ahead of their Battle of the Sexes: The Dubai Showdown next week.
1 mins
December 19, 2025
Khaleej Times
UAE tourism sector delivers Dh257.3B, sets new visitor records
The UAE’s tourism sector continued its strong upward trajectory in 2025, consolidating its position as one of the country’s most dynamic economic sectors and a major magnet for investment and visitors, supported by world-class infrastructure, flagship projects and strong competitiveness indicators.
1 mins
December 19, 2025
Listen
Translate
Change font size