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About Loan takeover and Topup

In the event that you are not content with your current Loan, at that point there is a beam of trust in you. Presently you can move your loan to any other bank. Loan Transfer or is a simple choice through which a large portion of the general population now a days are picking to take the advantage of lower interest rates winning in the market.

Loan clients may consider probability moving loan to more client amicable bank, now and then, thinking better interest rate,relaxation of fine imposing etc. When they consider taking a loan, there might not have examined different bank’s terms, conditions, approaches.

In the wake of beginning reimbursement of certain portions, they would have found out about their bank’s benefits and faults. In the event that another bank has better offer, they can move loan to another bank, if current bank permits and monetarily gainful.

Existing Loan borrowers are the class of individuals who are compensating a loan for as far back as a few years and upon whom banks don’t get pass on the upside of diminishing loan rates. Be that as it may, based on great reimbursement reputation, people can likewise talk about and re – consult with their present loan specialist for better interest rates.

Not simply the decrease in interest rates, there are a few additional reasons because of which one would need to change his present loan specialist. Maybe a couple of the reasons are expressed beneath.

In the event that, you have to renegotiate on certain terms and conditions with existing bank. For Example: you need to build the residency of your loan and diminishing the measure of your EMI however your bank has not consented to that.

Loan Top–up: May be the estimation of property has climbed a lot higher in contrast with its unique esteem. In light of this, you should need to top – up your loan to meet further necessities like redesign of home. Yet, the moneylender probably won’t be available to these.

Now and then, you are simply not content with the administrations and openness of the bank and wish to move the loan.

Contact Cochin Financial Services today and we help you to change your loan from one bank to another or to top-up the loan amount.

If you have an existing Home loan, Mortgage loan or Business Loan, we helps you to take over the loan from your current to a new bank with less interest rate based on your eligibility and also helps you to Top up the loan with more amount.




All loans are not created equal, Loans has become a great option for people to use.

Faster Loan

Cochin Financial Services helps you to get the loan faster than any other consultants! Starting from document prepartion, our main motto is to get you the money!

Choose amount

All charges are communicated up front in writing along with the loan quotation, and let us know how much money you want and we set strategy accordingly.

Enjoy the best rates

Our loan rates and charges are very attractive. We always get you loan for the best interest rates in the market. Its upto us to get you a hassle free loan.

Decide your tenure

As our loan rates and charges are very attractive, we help the clients to workout on tenure which never become a burden for them. We works for you.


Loan Eligibility

A top up loan is an additional loan amount that you can avail on an existing home loan, personal loan or loan against property. You are eligible to apply for a top up loan only when you have made regular loan payments on your existing loans.

To avail a Top-up loan you need to fulfill certain eligibility criterias, which are listed as follows:

  • You can avail a top up loan if you have an existing and running loan from a bank and the bank. Also,the bank should be willing to give you an additional loan on your existing loan as you have already repaid a certain portion of the loan and made all the payments in a timely manner.
  • You can apply for a top up loan from your existing lender or opt to apply for a balance transfer loan with top-up loan. This means you shift your loan to a new bank and avail a top up loan on your existing loan.
  • In either case, you can apply to the new bank after a minimum repayment track record of minimum 1 year of your existing home loan and upon possession or completion of the financed property.



Frequently Ask Questions

If you have a question that deals with clients, customers or the public in general, there is bound to be a need for the FAQ page.

Your bank will assess your repayment capacity while deciding the home loan eligibility. Repayment capacity is based on your monthly disposable / surplus income, (which in turn is based on factors such as total monthly income / surplus less monthly expenses) and other factors like spouse’s income, assets, liabilities, stability of income etc. The main concern of the bank is to make sure that you comfortably repay the loan on time and ensure end use. The higher the monthly disposable income, higher will be the amount you will be eligible for loan. Typically a bank assumes that about 55-60 % of your monthly disposable / surplus income is available for repayment of loan. However, some banks calculate the income available for EMI payments based on an individual’s gross income and not on his disposable income.

The amount of the loan depends on the tenure of the loan and the rate of interest also as these variables determine your monthly outgo / outflow which in turn depends on your disposable income.


You repay the loan in Equated Monthly Installments (EMIs) comprising both principal and interest. Repayment by way of EMI starts from the month following the month in which you take full disbursement.

The longer the tenure of the loan, the lesser will be your monthly EMI outflow. Shorter tenures mean greater EMI burden, but your loan is repaid faster. If you have a short-term cash flow mismatch, your bank may increase the tenure of the loan, and your EMI burden comes down. But longer tenures mean payment of larger interest towards the loan and make it more expensive.

Yes, most banks allow you to repay the loan ahead of schedule by making lump sum payments. However, many banks charge early repayment penalties up to 2-3% of the principal amount outstanding. Prepayment penalty may vary according to the reasons and source of funds – if you obtain a loan from another bank for pre-payment the charges are usually higher than when you pay from your own sources. However, you may credit more than your EMI amount into your loan account on a periodic basis and bring down your interest burden as and when funds are available with you. Most banks do not charge a pre-payment penalty if you deposit more than your EMI payable on a periodic basis. Please check such stipulations while availing the loan.

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