The borrower may move an existing loan from one lender to another by using a take over loan. This can be done for a number of reasons, such as to get a lower interest rate on a mortgage. Track down a lender that provides takeover loans. documentation Apply for the loan Close the loan Pay off the existing loan Interest rates are low Minimal Processing Fee No Additional Fees There are no prepayment penalties or interest fees for daily balance reductions. Additionally, there is a top-up facility. To get a lower interest rate To make your loan terms better Getting your debts combined

2.  The borrower may
move an existing
loan from one
lender to another by
using a take over
loan. This can be
done for a number
of reasons, such as
to get a lower
interest rate on a
mortgage.

3.  Track down a
lender that
provides takeover
loans.
 documentation
 Apply for the loan
 Close the loan
 Pay off the
existing loan

4.  Interest rates are
low
 Minimal Processing
Fee
 No Additional Fees
 There are no
prepayment
penalties or interest
fees for daily
balance reductions.
 Additionally, there
is a top-up facility.

5.  To get a lower
interest rate
 To make your loan
terms better
 Getting your debts
combined

6.  Determine the overall
outflow.
 Examine the processing
costs and related
expenses.
 Outstanding to
Collateral Ratio
 Requirements for allied
accounts' costs and
benefits
 Conditions that apply to
loans
 Other available
attached frills

7.  While your current
lender may allow you to
take out a top-up loan,
you also have the
choice to transfer your
home loan balance and
obtain a top-up loan
from a new lender.
 Going with a home loan
balance transfer and
top-up loan makes
sense if you have the
choice between the
two.

8.  AGE- 21 to 65 years
old
 PROFESSION
Paid/Self-Employed
 NATIONALITY Indian
resident
 GENDER-All Genders
8

9.  Voter ID Card
 Aadhaar Card
 Valid Driving
License
 Valid Passport
 Last three months'
salary slips
 Most recent
income tax returns
and Form-16
9

10. To know more loans:
Home loans plot loans
Top-up loans takeover loans
Home improvement loans
Home Extension loan
10