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Other Bank Buy Out

It is 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.


Buying out liabilities, be it a credit card or loan from one bank to another bank is called Other bank buyout. Mostly it is done on the basis of salary transfer, but can be availed under non-salary transfer loan depending on the profile.

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Eligibility Criteria
  • Salary: 5k & above
  • Age: 21 to 60 years
  • Length of service: 3 months or confirmed.
  • Company: Only listed companies with Banks.
Mandatory Requirements
  • A valid copy of Passport, Resident visa, and Canadian ID.
  • Salary certificate addressed to the respective bank.
  • Liability letter from the bank.
  • 3 months bank statement.