Lower your emi burden
Take Over Loan
If you have already taken a home loan from any of the bank or financial institution at a higher rate of interest, you can look for home loan transfer to any of the bank to lower the burden of your home loan. You can anytime switch your home loan from existing home loan lender to a new lender. Home loan transfer is easy and simple to avail and you can contact to any bank, which is offering this facility. However, banks charge a fee for acquiring your loan from the existing lender and to complete the take over formalities.
Takeover of home loan is beneficial to lower your total outgo as interest in the home loan. It helps in saving huge money over the period of time. If the new lender is charging you a lower amount as processing fee and you are paying just a few thousand of rupees in the whole takeover process and your saving is in lakhs then it is a good deal to switch your home loan.
Takeover of home loan is beneficial to lower your total outgo as interest in the home loan. It helps in saving huge money over the period of time. If the new lender is charging you a lower amount as processing fee and you are paying just a few thousand of rupees in the whole takeover process and your saving is in lakhs then it is a good deal to switch your home loan.
You should always compare and negotiate with the bank to get the lower rate of interest on the new loan on flexible terms. Always, read the terms and conditions of the loan and find out the add-on products or any investment conditions related with the loan before availing it. Most of the banks offer home loan transfer facility to customers. You can any time transfer your home loan to other banks at a competitive rate of interest. It takes over your existing home loan from your lender.
Documentation
Salaried employee
- Completed Home Loan application form
- One Passport size photograph
- Copy of PAN Card
- Proof of identify (Copies of Voters ID card/ Passport/ Driving licence/ Aadhaar Card)
- Proof of Residence(Copies of Voters ID card/ Passport/ Driving licence/ Aadhaar Card)
- Salary Slips for last 3 months
- Form 16 and IT Returns for last two financial years
- Bank Account Statement/ Pass Book for last six months
- Appointment Letter from the present Employer.
- Relieving Letter from previous Employer
- Existing Loan Repayment Track
- List of Documents issued from the Existing Financier
- Foreclosure Letter from the Existing Financier
Self Employed
- Completed Home Loan application form
- One Passport size photograph
- Copy of PAN Card
- Proof of identify (Copies of Voters ID card/ Passport/ Driving licence/ Aadhaar Card)
- Proof of Residence(Copies of Voters ID card/ Passport/ Driving licence/ Aadhaar Card)
- Income tax Returns for the last 3 financial Years
- Computation of Income, Profit & Loss A/c, Balance Sheet, Schedules and Tax Audit reports for the last 3 financial Years attested by C.A.
- Bank Statement for last 1 year (Current A/c)
- Bank Statement for last 1 year (Savings A/c)
- Loan Statements (if any)
- Business Proof (GST Reg/MSME Reg/Firm Reg/Incorporation Certificate)
- Existing Loan Repayment Track
- List of Documents issued from the Existing Financier
- Foreclosure Letter from the Existing Financier
Why Us
Why People Choose Us
At Paisemart, we truly believe in the values of honesty and transparency. Our customers are the centre of our universe. Our priority is to keep our loan products simple, to ensure transparency, and to demonstrate an unwavering commitment to our customers.
MULTIPLE CHOICE
Various Bank’s loan products offered by Paisemart under one roof, helps you save time and choose the best option.
EXPERT TEAM
Team Paisemart backed with strong knowledge on product and vast experience in the industry will guide you throughout the loan process.
TRANSPARENCY
Clear communication on interest rates, documentation and loan process keeps you away from unpleasant surprises.
RELIABLE
No false assurance, No wrong commitment, No additional cost, only Expert Advise and Professional Services for you.
LONG TERM SUPPORT
Customer service is extended not just during loan processing rather you get support till the loan closure.
QUICK DISBURSEMENT
The optimum use of Technology, Team and efficient System makes your loan processed faster.