Get a bank buy-off loan at 2.8% interest
Bank Buy-Off Loans
Take over or clear an existing facility at another bank with a Gross Credit buy-off loan. We structure repayment around your cash flow so you move from bank pressure to a single, manageable schedule.
Requirements
- 2 Passport size photos
- Valid Identification
- A Guarantor
- Latest bank loan statement and payoff letter or schedule
Collateral Security
- Logbooks
- Land titles
- Valuable movable assets
Standard Charges
- Minimal processing fee
- Urgent search and valuation
FAQs
Who is eligible for a bank buy-off loan?
Individuals and businesses with an active or maturing bank loan, a clear repayment plan, verifiable income, and acceptable security can apply for a buy-off facility with Gross Credit.
How quickly can you settle my bank loan?
Timelines depend on your bank's payoff process and how quickly searches and valuations are completed. Once approved, we coordinate disbursement so your bank facility is cleared without unnecessary delay.
What can a bank buy-off loan be used for?
The facility is intended to pay down or fully settle an existing loan or overdraft at another financial institution, including penalties or accrued interest where agreed, so you continue with Gross Credit under new terms.
Do I need security for a bank buy-off loan?
Yes, all our loans require security such as a car logbook, land title, or other valuable assets to ensure a quick and secure processing cycle.
