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Sep 28, 2017 - 34 minute read

Can i transfer my loan to another person

For funding of your loan you will be required to have a valid and an active bank account for the past three to six months which will be used to wire the cash you borrow direct. The above qualification requirement is actually a double-edged sword for the borrower, as there are two reasons as to why lenders ask for banking information.

First for funding of the money you borrow, and secondly as a source of for repayment in following with your agreed upon lending terms. If the you become delinquent in your payment of the repayment as stated in your contract, the lender can deduct what is owed from this bank account. If you meet the qualification standards outlined above, the lenders will fund your money direct into your bank account. You can borrow a range of money from 100-10,000 depending on the lender you are working with.

Can i transfer my loan to another person

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Can i transfer my loan to another person

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