Takeover Loan

Services

Reduce EMI, lower your interest rate & enjoy improved loan terms.

Takeover Loan allows you to shift your existing loan from one lender to another for better interest rates, longer tenure, or improved repayment conditions. If you are paying high EMI or facing heavy financial burden, a takeover loan is the smartest way to reduce your monthly outflow.

Since 1994, Ikon Financial Services Ltd has helped thousands of customers get freedom from high-cost loans through seamless loan transfer, expert documentation support, and fast approvals.

Loan Transfer

Why Choose a Takeover Loan?

Switching your current loan to a new lender can significantly reduce your financial pressure. You get access to lower interest rates, better loan terms, and improved EMI structure.

With Ikon Financial Services Ltd, the process becomes smooth, transparent, and fast—helping you save money instantly.

Documents Required

Documents needed for seamless takeover approval

Identity & Address Proof

Aadhaar Card / PAN Card
Voter ID / Passport
Electricity Bill / Rent Agreement

Income Proof

Salary Slips (last 3 months) – Salaried
6–12 Months Bank Statement
ITR (last 2–3 years)
Balance Sheet & P&L (for Business)

Existing Loan Documents

Loan Sanction Letter
Loan Repayment/Statement
Foreclosure Letter
NOC from Current Bank (if needed)

Who Can Apply for a Takeover Loan?

Designed for individuals & businesses looking for lower EMIs

Salaried individuals with an active loan
Self-employed or business owners
Property owners wanting lower EMI through LAP takeover
Borrowers paying high interest in current loan
Good repayment history with no major defaults
Minimum age: 21 Years | Maximum: 65 Years