What process should I follow to Sell my NMB BANK loan to CRDB BANK ?

The time you are reading this article  i know you might have a Bank loan either in NMB bank or CRDB bank. 

When you want to top up your Loan within a bank its Simple But Selling your Loan or Transferimg your loan to another Bank is not a difficult task either however there are some procedure you must follow (i will explain below).

The question is do you understand the risk ? If you do not then follow my next article ! "what happens if you transfer or sell your loan to another Bank !"

BELOW ARE THE PROCEDURE TO FOLLOW WHEN YOU WANT TO SELL OR TRANSFER YOUR LOAN TO ANOTHER BANK (BANK A TO BANK B)

I will use NMB and CRDB as an example :-

1. Visit the nearest bank Branch near you ! (Bank where you want to sell your loan)

2. Tell them that you want to transfer your loan to their bank company.

3. They will give you a letter to the Bank A (Example if you have loan from NMB, then CRDB bank will give you a letter and Send it NMB. 

4. The letter is for requesting NMB to give you your Loan balance (the amount  of  loan which you have at NMB  ) Remember , the amount you see on your Salary slip is not the one you are indebted by NMB)

5. After having sent the Balance request letter to NMB then you have to wait three days , After three days are over they will contact you (they will call you via phone or send you an sms) . Then you go and pick your your real balance letter from NMB .

6. Take your balance letter to CRDB bank . 

7. When you have decided to go to CRDB make sure you have full requiered document, such as salary slips and others.

8. Then after having all document, you can now go to CRDB and see the loan officer , Loan officer will calculate the amount you are eligible to get . 

9. Then now you have completed all steps .

10. READ MY NEXT ARTICLE " REASONS WHY YOU SHOULD NOT SELL YOUR LOAN TO ANOTHER BANK.