Takeover Loan

Benefits of Takeover Loans

• Transfer existing loans to avail lower interest rates, reducing your EMI burden.
• Access top-up loans up to 100% of the original loan amount for additional financial needs.
• Flexible repayment tenures extending up to 7 years for easier management.
• Minimal documentation with quick approval processes for seamless loan transfer.
• Applicable for personal, home, business, or loan against property takeovers.
• Transparent processing fees and no hidden charges for a hassle-free experience.
• Consolidate multiple loans into a single loan for simplified repayment.
• Fast disbursal of top-up amounts within 3-5 days upon approval.
• Pre-approved offers available for existing customers of partner banks.

Switch to Amravati Finserv Groups for a Takeover Loan and benefit from better terms, lower rates, and expert guidance. Transfer your existing personal, home, or business loans to us for a more affordable repayment plan.

Compare leading banks offering Takeover Loans with competitive rates and flexible terms. Here are some of our trusted partners:

HDFC Takeover Loan

Key Highlights:

• Attractive interest rates starting at 10.50% for eligible applicants.
• Loan transfer approval and disbursal within 3 days for pre-approved customers.
• Flexible repayment tenure up to 7 years with top-up loan options.

Interest Rate	EMI (per lakh)	Foreclosure/Prepayment Charges	Repayment Tenure
10.50% onwards	Rs.2,149	13 to 24 months: 4% of outstanding principal 25 to 36 months: 3% of outstanding principal More than 36 months: 2% of outstanding principal	Up to 7 years

ICICI Bank Takeover Loan

Key Highlights:

• Collateral-free loan transfers with competitive rates starting at 10.99%.
• Quick disbursal within 3 seconds for pre-approved customers (post-verification).
• Minimal documentation and hassle-free transfer process.

Interest Rate	EMI (per lakh)	Foreclosure/Prepayment Charges	Repayment Tenure
10.99% onwards	Rs.2,174	5% of outstanding principal + GST	Up to 7 years

SBI Takeover Loan

Key Highlights:

• Low interest rates starting at 9.60% for eligible customers.
• Minimal documentation with a user-friendly loan transfer process.
• Flexible repayment options to suit your financial needs.

Interest Rate	EMI (per lakh)	Foreclosure/Prepayment Charges	Repayment Tenure
9.60% onwards	Rs.2,105	3% of outstanding principal + GST	Up to 7 years

Kotak Mahindra Bank Takeover Loan

Key Highlights:

• Competitive interest rates starting at 10.50% for seamless loan transfers.
• Quick approval and disbursal with minimal paperwork.
• Customizable repayment options to ease your financial burden.

Interest Rate	EMI (per lakh)	Foreclosure/Prepayment Charges	Repayment Tenure
10.50% onwards	Rs.2,149	5% of outstanding principal (reducing balance method)	Up to 7 years

Fullerton India Takeover Loan

Key Highlights:

• Quick loan transfer approvals based on eligibility.
• Flexible tenures up to 5 years with top-up loan facilities.
• Exclusive benefits for existing Fullerton India customers.

Interest Rate	EMI (per lakh)	Foreclosure/Prepayment Charges	Repayment Tenure
11.99%	Rs.2,224	3% to 7% of outstanding principal (based on foreclosure timing)	Up to 5 years

Tata Capital Takeover Loan

Key Highlights:

• Competitive interest rates starting at 11.25% for loan transfers.
• Flexible EMI options tailored to your financial needs.
• Quick and hassle-free loan transfer process with minimal documentation.

Interest Rate	EMI (per lakh)	Foreclosure/Prepayment Charges	Repayment Tenure
11.25%	Rs.2,187	4% of outstanding principal + GST	Up to 7 years

Takeover Loan Eligibility

Criteria	Salaried	Self-Employed
Age	21 to 60 years	22 to 58 years
Net Monthly Income	Rs.20,000	Rs.30,000
CIBIL Score	More than 700	More than 700
Minimum Loan Amount	Rs.1 Lakh	Rs.1 Lakh
Maximum Loan Amount	Rs.50 Lakh	Rs.75 Lakh
Existing Loan Tenure	At least 12 months repaid	At least 12 months repaid

Documents Required for Takeover Loan

Essential documents required for availing a Takeover Loan are given as follows:

Requirements	Salaried Individuals	Self-Employed
Proof of Identity	Aadhaar, PAN, Passport, Voter’s ID, or Driving License	Aadhaar, PAN, Passport, Voter’s ID, or Driving License
Proof of Residence	Utility bills, Passport, or Rental Agreement	Utility bills, Passport, or Rental Agreement
Proof of Income	Bank statements (last 6 months), salary slips (last 3 months)	ITR and audited financial statements (last 2 years)
Existing Loan Documents	Loan sanction letter, repayment schedule, statement of account	Loan sanction letter, repayment schedule, statement of account

• Recent passport-size photographs of the applicant and co-applicant (if any).
• Loan foreclosure letter from the existing lender.
• Property documents (for home loan or loan against property takeovers).
• Business registration documents (for self-employed applicants).
• Bank statements (NRO/NRE for NRIs, if applicable).