Loan Take Over Request Letter Template for United Arab Emirates

1. Co-borrower Details: Include when there is a co-borrower involved in the loan takeover

2. Security Details: Required when the loan is secured against specific assets or collateral

3. Employer Information: Include for employment-linked loans or when salary transfer is required

4. Reason for Transfer: Optional explanation of motivation for loan takeover, particularly if seeking better terms

5. Preferred Payment Terms: Include if requesting specific new payment terms or conditions

1. Appendix A - Identity Documents: Copies of Emirates ID, passport, and visa (if applicable)

2. Appendix B - Loan Statement: Recent statement from current bank showing loan balance and payment history

3. Appendix C - Income Proof: Salary certificates, bank statements, or other income documentation

4. Appendix D - Liability Details: List of all current financial obligations and credit commitments

5. Appendix E - Asset Documentation: Documentation of any assets offered as security for the loan