Takeover Loan
Takeover Loan
Seamlessly transfer your existing loans to a new lender with our Takeover Loan services for better terms and lower interest rates.
Takeover Loans help you consolidate or refinance high-interest loans, reducing your EMI burden and improving repayment terms.
Ideal for individuals and businesses looking to optimize loan repayment with competitive rates and flexible tenures.
Frequently Asked Questions
What is a Takeover Loan?
A Takeover Loan allows you to transfer your existing loan to a new lender offering better terms, such as lower interest rates or extended tenure.
Who is eligible for a Takeover Loan?
Individuals or businesses with an existing loan, good repayment history, and stable financial background can apply.
What are the benefits of a Takeover Loan?
Benefits include lower interest rates, reduced EMIs, extended repayment periods, and potential top-up loan options.
Is there any processing fee?
Processing fees may apply, depending on the lender’s policies, but they are often lower than the savings from reduced interest rates.
What documents are required?
Common documents include loan statements, identity proof, income proof, and property or collateral details, if applicable.