Debt Buyout (Balance Transfer)
Already have financing and wondering if there is a better deal? A debt buyout lets another bank take over your current financing, so you can move to terms that suit you better. We go through your numbers with you and tell you honestly whether it is worth it.
How we help
- Go through your current financing and monthly commitments with you
- Show you the real total cost, not just the installment
- Explain every step of the buyout in plain language
- Stay with you through the paperwork, from the settlement letter to the clearance letter
What we look at together
- The total you will pay over the full period
- Early settlement and other fees, so there are no surprises
- The new period and what it does to your budget
- Whether the financing is Shariah-compliant
Common questions
Will it lower my installment?
Often it can, and we show you by how much. We always compare the total cost as well, because a longer period can cost more overall.
What does it cost me to ask?
Nothing. You never pay us, and there are no hidden fees. The bank’s own fees are shown clearly before you sign.