Redundancy clauses banks can invoke

According to the Central Bank, the loan maturity shall be suspended and the borrower shall instantly pay the amount with all paper work costs if the borrower is dismissed from work in the following cases:

if he transfers his salary to another bank without prior approval of his bank

if he violates loan terms

if he defaults on three successive instalments, or 6 non-successive instalments

if he presents false or fake data

if he dies or if he leaves the country on a permanent basis