Takeover Loans

What is a Takeover Loan?

At Dream Finvest Group, a takeover loan, also known as a balance transfer loan, allows you to transfer your existing loans (such as home loans, personal loans, or business loans) from another financial institution to us. This service helps you benefit from lower interest rates, better repayment terms, and additional top-up loan options to reduce your financial burden and improve cash flow.

Who Can Avail a Takeover Loan?

Our takeover loans are available to individuals and businesses meeting the following criteria:

• Existing loan holders (home, personal, or business loans) with a minimum of 12 months of repayment history.
• Age between 21 and 65 years at the time of loan maturity.
• Minimum monthly income of ₹25,000 for salaried individuals or ₹3 lakhs annual turnover for self-employed/businesses.
• Good credit score (preferably above 700).
• No defaults or overdue EMIs on the existing loan.
• Valid loan agreement and repayment track record from the current lender.

We assess applications based on credit history, repayment capacity, and the terms of the existing loan.

Documents Required

To apply for a takeover loan with Dream Finvest Group, please provide the following documents:

• Identity Proof: Aadhaar Card, PAN Card, Passport, Voter ID, or Driving License.
• Address Proof: Aadhaar Card, Utility Bills, Rental Agreement, or Passport.
• Income Proof: Last 6 months' salary slips (for salaried) or last 2 years' ITR filings and financial statements (for self-employed).
• Bank Statements: Last 12 months' bank statements showing EMI payments and income.
• Loan Documents: Existing loan agreement, repayment schedule, statement of account, and no-objection certificate (NOC) from the current lender.
• Property Documents (for home loan takeover): Sale agreement, title deed, approved building plan, and property tax receipts.
• Photographs: Recent passport-sized photographs of the applicant.

Additional documents may be required based on the loan type or profile. Our team will assist you throughout the process.

Benefits of Takeover Loans

Transferring your loan to Dream Finvest Group offers the following advantages:

• Lower interest rates starting at 8.5% p.a. for home loans and 10.5% p.a. for other loans.
• Extended repayment tenure up to 30 years for home loans or 7 years for other loans.
• Top-up loan facility for additional funding needs.
• Quick processing and disbursal within 5-10 working days.
• Reduced EMI burden with better terms.
• Minimal documentation and seamless transfer process.
• Prepayment and foreclosure options with low or no charges for floating rate loans.

How to Apply

Applying for a takeover loan with Dream Finvest Group is simple and efficient:

1. Visit our website or nearest branch to fill out the online application form.
2. Submit the required personal, financial, and existing loan documents.
3. Receive preliminary approval based on eligibility and loan assessment.
4. Our team will verify your documents and coordinate with your current lender for the transfer.
5. Upon final approval, the loan balance will be transferred, and any top-up amount will be disbursed.

Contact our dedicated takeover loan support team for assistance.

Interest Rates and Fees

Our takeover loans come with transparent pricing:

• Interest Rate: Starting from 8.5% p.a. for home loans and 10.5% p.a. for other loans (fixed or floating, based on profile).
• Processing Fee: Up to 1% of the loan amount + GST.
• Foreclosure Charges: Nil for floating rate loans; 2% on outstanding amount for fixed-rate loans after 6 months.
• Part Prepayment: Up to 25% of principal annually with no charges for floating rate loans; same for fixed-rate loans after 6 months.
• Late Payment Fee: 2% per month on overdue EMI.

Note: Rates and fees are subject to change. Please consult our team for the latest details.