Loan Takeover
Loan Takeover /
Explore restructuring or transferring an existing business loan to a potentially more suitable lender, based on your current profile and requirement.
Understanding Loan Takeover
A loan takeover, also known as a balance transfer, involves transferring an existing business loan to a new lender, which may be explored when a business’s profile, requirement or the funding landscape has changed since the original loan.
We help you understand your existing loan obligations and explore whether a loan takeover may be a suitable option, based on lender assessment.
Who This May Be Suitable For
- Businesses with an existing business loan or term loan
- Businesses looking to explore restructuring of existing obligations
- Businesses whose profile has improved since their original loan
Potential Business Use Cases
- Consolidating existing loan obligations
- Exploring restructured repayment terms
- Exploring additional top-up funding, where applicable
- Simplifying multiple existing obligations
Key Considerations
- Takeover is subject to the new lender’s assessment and policy
- Existing loan closure formalities and documentation are required
- Foreclosure charges on the existing loan, if any, should be reviewed
- Final terms depend on the new lender’s credit assessment
Our Process
01
Understand
We understand your business and funding requirement.
02
Review
We review your financial documents, obligations and collateral, where applicable.
03
Structure
We help explore a funding structure suited to your business profile.
04
Lender Process
We support you through documentation and the lender’s assessment process.
Get In Touch
Discuss Your Loan Takeover Requirement
Share a few details about your business and requirement, and our team will get in touch.