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About Takeover Loan

Move your Loans from other financial providers to us at a lesser interest and save more on your long term monthly installments. Do this at ease with speedy processes and personalized service.

All the information mentioned in the documents submitted is accurate and authentic.

If you are a salaried person, below are some of the vital documents that you need to submit:

  • Valid photo identity
  • Proof of current residence
  • 3 latest salary slips
  • Form 16
  • Bank statements of the last six months
  • Proof of ownership of property
  • Letter: You need to submit a formal written application to your prevailing lender notifying them about the loan transfer and requesting for a letter of consent.
  • – No Objection Certificate: Your present lender is required to issue you a No Objection Certificate that states that your current lender that is the bank or financial institution has no issues transferring your loan and the outstanding amount to the new lender.
  • Agreement: Loan agreement or sanction letter from the existing lender is mandatory for a loan balance transfer

If you are a self-employed professional or businessman the documentation required may vary a little. Following are some of the vital documents required:

  • Application form with a photograph attached
  • Valid photo identity
  • Proof of current residence address
  • Evidence of business, Certificates of educational qualifications (for professionals)
  • If you are a self-employed professional you need to submit the last 3 years IT returns (self and business), Last 3 years Balance Sheets and P&L statements
  • If you are a businessman you need to submit a business profile, Last 3 years IT returns (self and business), Last 3 years Balance Sheets and P&L statements
  • Bank statements of the last six months
  • Proof of ownership of property.
  • Consent Letter: You need to submit a formal written application to your prevailing lender notifying them about the loan transfer and requesting for a letter of consent.
  • NOC – No Objection Certificate: Your present lender is required to issue you a No Objection Certificate that states that your current lender that is the bank or financial institution has no issues transferring your loan and the outstanding amount to the new lender.
  • Loan Agreement: Loan agreement or sanction letter from the existing lender is mandatory for a loan balance transfer.

*Please note that depending on your individual profile and Suchitra Finance policy at the time of loan application, additional documents may be requested.

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Bestech business tower, Sahibzada Ajit Singh Nagar, Punjab 160066 IN

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(+91)-978-135-2951

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