Documents Required For "Take Over Loan" From Other Banks
Loan customers may think possibility of transferring loan to more customer friendly bank, sometimes, reasoning better interest rate, relaxation of fine imposing etc. When they think about taking a loan, there may not have studied various bank's terms, conditions, policies. After starting repayment of some installments, they would have learned about their bank's merits and demerits. If another bank has better offer, they can transfer loan to another bank, if current bank allows and economically beneficial.