1. Get below documents from your current bank loan centre:
* foreclosing letter : This includes the amount to be paid(outstanding amount), if we want to close the loan today etc..
* loan tracking letter : This includes the tracking of your EMIs completed etc..
2. Apply for the loan in new bank for the same amount(outstanding amount).
3. New bank will provide you a DD for the same amount.
4. You can submit this DD to the current bank loan centre.
5. It will take few days(nearly 7-9 days) to process the request. Thats it.
* foreclosing letter : This includes the amount to be paid(outstanding amount), if we want to close the loan today etc..
* loan tracking letter : This includes the tracking of your EMIs completed etc..
2. Apply for the loan in new bank for the same amount(outstanding amount).
3. New bank will provide you a DD for the same amount.
4. You can submit this DD to the current bank loan centre.
5. It will take few days(nearly 7-9 days) to process the request. Thats it.
