Other Bank Buy Out
Other Bank Buy Out
An unsecured loan taken by individuals from a bank or a non-banking financial company (NBFC) on the basis of his salary to meet their personal needs.
Description
Transferring the balance or liabilities of loan or credit card from one bank to another is called Other bank buyout. In most cases it is done on the basis of salary transfer, but can be availed under non-salary transfer loan depending on the profile.
Eligibility Criteria
Salary: 5k & above
Age: 21 to 60 years
Length of service: 3 months or confirmed.
Company: Open for listed companies in banks.
Mandatory Requirements
A valid copy of passport, Resident Visa and Emirates ID
Salary Certificate/Pay Slips
Liability letter from the bank
3 months bank statement
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