Dubai: The UAE banking sector is moving towards introducing new regulations governing the transfer of customers' outstanding loans between banks from January 1, 2027, requiring borrowers to remain with their original lender for a specified period before switching to another bank, according to a banking source quoted by Emarat Al Youm.The proposed measures would require borrowers to make a minimum number of instalment payments before transferring their outstanding debt to another lender, the source, who requested anonymity, said.
