Interestingly, ( and this information is in regard to NDB bank only, I didn't ask about any other bank) I asked if I can pay a loan out of my provident fund/eosb and the EOSB desk girl told me yes. Apparently they give me the check, then I walk around to NDB who will then deduct the loan amount and then wire the rest to my nominated account. She said EK do not require a clearence letter.
I'm still a bit sceptical, has anyone been told similar/ different.?
I am also lead to believe that a mortgage with some banks, unsure which ones, can remain open even when you leave Dubai.
Disclaimer: all situations vary.