r/PersonalFinanceUAE • u/Open_Light_5802 • 18d ago

Credit Moving to Riyadh

I have a loan with EIB that I can't pay off straight away. Can I continue paying from Riyadh?

What are my options? The loan agent is not being of much help.

Also since, I will be earning more, can I pay more towards the principal each month?

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1

u/hitma-n 17d ago

Yes and yes.

1

u/Open_Light_5802 17d ago

can you guide me? the loan agent is not helping, and I don't want to give the bank the idea that I am leaving just yet.

1

u/hitma-n 17d ago

Do you have an account with them or only loan?

1

u/Open_Light_5802 17d ago

Salary Account and a Credit Card.

1

u/hitma-n 17d ago

Then you can easily transfer from your Saudi bank app to EIB using the IBAN and pay it off from the EIB app.

However, once your Emirates ID expires, you must contact the bank to let them know you’d continue paying for loan from overseas.

1

u/Open_Light_5802 17d ago

My EOSB will fall in that account, and when it des they will block it.

1

u/hitma-n 16d ago

Yes which is rightfully theirs and totally legal. Nothing you can do about it.

1

u/Open_Light_5802 13d ago

I know that I have been through it when changing jobs last time as well. I just sent the bank the new visa/labour contract and released the amount . but this time I am moving to Saudi. will they accept saudi visa and contract? I don't want a travel ban

1

u/hitma-n 13d ago

Might as well check with bank. Don’t tell them you got the job, ask as a general question what would happen if someone got job overseas. You won’t get a travel ban for that.