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The Loan Take Over Request Letter is a crucial document in Pakistani banking transactions when one party wishes to assume responsibility for an existing loan from another party. This document is commonly used in situations such as property transfers, business acquisitions, or family arrangements where the original borrower needs to be replaced. The letter must be drafted in accordance with Pakistani banking regulations, particularly the Banking Companies Ordinance and State Bank of Pakistan guidelines. It should contain comprehensive information about both the existing loan and the proposed new borrower's financial status. The document serves as the first step in the loan takeover process, typically followed by more detailed documentation and due diligence procedures. It's essential for the letter to clearly state the intention to take over the loan, provide justification for the request, and demonstrate the new borrower's capability to service the loan.

1. Letter Header: Including sender's details, date, and recipient's details (bank/financial institution)

2. Reference Line: Existing loan reference number and any other relevant reference numbers

3. Subject Line: Clear indication that this is a loan takeover request

4. Opening Statement: Formal introduction and clear statement of intent to take over the loan

5. Current Loan Details: Information about the existing loan including current borrower, loan amount, tenure, and outstanding balance

6. Takeover Justification: Explanation of the reasons for the loan takeover request

7. Financial Capacity Statement: Brief overview of requester's financial capability to service the loan

8. Request for Process: Formal request for the necessary procedures and requirements

9. Closing Statement: Professional closing with commitment to provide any additional information

10. Signature Block: Full name, designation (if applicable), and signature of the requester