Seizing opportunities and making strategic acquisitions is made easier with Vista Finance & Investment Takeover Loans. Whether you're looking to expand your business footprint or acquire a promising venture
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.
In general, following are the documents initially for takeover loan.
Original Sanction letter of financier.
A/c statement of the financier for entire tenure of the loan.
Copy of title papers in the name of applicant.
Possession certificate –where house is complete, and repayment has started.
Foreclosure letter.
Letter undertaking to issue NOC, from the current lender bank / financier.
Project cost will be sale deed + stamp paper + prepayment penalty.