Notarization of a loan

So we went to get a loan notarized. We discovered a few things along the way.

Atttempt #1: Only personal loans are to be notarized. You cannot mention what this money is going to be used for. So back to the drawing boards to put together another document.

Attempt #2: Interest is not allowed. They would only notarize a "good loan" (القرض الحسن), which I found rather absurd. However, my guess is that this is a federal thing and not specific to Dubai. Once again, we are back to re-draft the document.

Attempt #3: Third time is a charm! They made us pay 0.0025% of the total value of the loan. Ouch! At least we didn't have to back and re-draft the document.

Documents they require:

• Original passports of all involved
• 1xcopy of every passport
• The actual document you want to notarize

The staff is generally friendly (in Al Barsha, where the Tasjeel is). However, they appear to be all new and still training. Very few people knew what they were supposed to do. I'm guessing that's why we were sent back twice before they were able to process the paperwork for us. I hope this at least helps someone else avoid it.

Also, I have simply assumed there would be a flat fee for the notary public, not a PERCENTAGE! So not only do they deprive the lender from getting interest on the loan, they take a cut! Incredible.