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Central bank issued the different forms for all types of commercial banks about the bank loans. This clearly stated in the Dubai newspaper that there is controversy in contracts and complaints by borrowers. Loan forms cover the four basic key forms; personal loans, car financing, mortgage loans and overdraft and these all binding to the 51 banks and other financing institutes which are operating in the second largest Arab economy.

These types of loans covered the many stages of negotiations and consultation of the Central bank and the Emirates bank Association. These contracts allow the bankers to ask from the borrowers to ensure that either the loans are covered or not. The loans which are given by the banks must be covered by a handsome amount of security or by the insurance company or the policy.

Before issuing the loan it must include all details about the size of the loan, maturity and interest rates while borrowers must submit a letter from the employer committing him to have his salary and end of service benefits transferred to that bank during the loan term.

For every type of loan banks allow their customers different types of terms and conditions like for the overdraft bank provides to their trust worthy customers extra amount rather than their savings that they can easily withdraw the money from the bank and to ask the borrowers to pay back at a date determined by the lender provided the borrower is given the 30 days notice.

The loan forms also bind the relationship between the borrowers and the lenders. For this, banks must open an account of the borrower in their bank and agree to give a loan before the borrower submits all the documents requested by the bank. Banks also require the all necessary information about borrowers and their accounts to courts and towards the other departments.

Banks also deduct the interests and commissions on the different amounts of withdrawals and outstanding on the loan from the date of withdrawal based on the number of actual days and on the basis of a year that is of 365 days and these interests are added to the loan balance so that it should be paid with the monthly installments. Commissions and fees which are incurred on the loan must be amend or impose on the regulations governed by the Central Bank.

In some cases banks terminate their services to the borrower if the transfer of salary made to another bank without the prior approval of the bank, any loan term violation by the borrower, make default payments or defaulting on payment of three successive installments or six non successive installments, presentation of wrong or false information or data, death of the borrower and the clients departure from the country permanently.