Can loans be transferered to another bank

suzy555

if you change banks can you transfer a bank loan,partner needs to reduce out goings and apr is high with his current bank.:mad:

[Deleted User]

You would need to apply for a new loan and use that to pay off the first.

nomoneytoday

Ask for existing lender for a settlement figure, then check if a new lender will offer a new loan with a lower APR and/or terms.

_Andy_

suzy555 wrote: »

if you change banks can you transfer a bank loan,partner needs to reduce out goings and apr is high with his current bank.:mad:

You don't 'transfer' a loan. You would apply for a new one, get funds from it, pay off old one.