Loan Take Over Request Letter Template for Germany

1. Reason for Transfer: Explanation of circumstances necessitating the loan take over (used when context would be helpful for approval)

2. Financial Status Declaration: Overview of proposed borrower's financial position (used when not provided in separate documentation)

3. Existing Security Details: Information about any existing collateral or security (used when security arrangements need to be transferred or modified)

4. Proposed Changes: Any proposed modifications to existing loan terms (used when changes beyond the borrower switch are requested)

5. Urgency Statement: Indication of any time sensitivity (used when quick processing is required)

1. Financial Documentation: Credit reports, bank statements, and income verification of proposed borrower

2. Identification Documents: Copies of government-issued ID for all parties

3. Existing Loan Agreement: Copy of the current loan agreement and recent statements

4. Consent Forms: Signed consent forms from all parties involved in the transfer

5. Property Documentation: If the loan is secured, relevant property or asset documentation