NPA Loan Take Over

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We offer a takeover of NPA accounts. It involves the transfer of loan accounts that are classified as NPA to the new financing institution, along with all underlying collateral securities. A new lender evaluates the borrower’s financial profile, asset value & repayment strategy, if everything is found suitable as per the policy. The new lender then pays directly to the previous bank and takes over the NPA liability.

This will be suitable for the stressed borrowers as the new lender offers a new repayment plan with an option of a moratorium period. So, the borrower can pay the new loan in monthly emi’s, suited to their financial eligibility.

This facility can be availed by borrowers struggling with distressed loans & facing legal action by banks. It will provide immediate relief from the ongoing legal disputes & reducing huge financial burden of paying the entire loan.

Benefits of Transferring an NPA Loan

Opportunity to restructure existing debt
Improved repayment terms (subject to lender approval)
Availability of working capital for business expansion
Better cash flow management
Reduced financial stress
Credit revival support
Possibility of standard banking loans in future

Key features of NPA Loan Takeover Facility

Loans starting from Rs.1 Crore
Available in PAN India
Easy repayment options like monthly emi’s
A three-month moratorium is offered
Option of pre-payment
Auto-update of CIBIL
Change of NPA status to normal
No need of additional collateral
Also available for paying OTS (One-Time Settlement)

Who Can Apply?

MSMEs
Proprietorship firms
Partnership firms
Private Limited Companies
Manufacturers&Traders
Service providers with turnover of more than 10 Crores
Businesses having a low CMR rating
Hotels & Restaurants
Educational Institutions