At RP Loan Financial Agency, understand our customers and provide them with the perfect solutions for their financial requirements. To take over a loan, the borrower must first be approved by the new lender. This typically involves submitting financial information and documentation, such as proof of income and credit history. The new lender will then review the borrower's application and determine whether or not to approve the loan. If approved, the borrower can then use the loan proceeds to pay off the outstanding balance on the existing loan, and the new lender will assume responsibility for the loan. The online Takeover loan application process is quick and easy and can be completed with the help of our representative.