One existing loan | Multiple loans and/or credit cards
Buyout Loans
Is Your Current Loan Costing You More Than It Should?
If your current personal loan has high interest rates or difficult repayment terms, a Buyout Loan from SSP Global Prime Business Hub can help. Transfer your loan to a UAE-licensed bank with lower interest rates, reduced monthly payments, flexible tenure, and even access to top-up funds if needed.
What Is a Buyout Loan?
A Buyout Loan transfers your existing personal loan from one UAE bank to another. When your current bank cannot match a better market offer — or when another lender provides significantly more attractive terms — a buyout allows you to capture that benefit. SSP Global Prime Business Hub identifies the best available buyout offer for your profile, handles the application, and manages settlement of your existing loan — making the entire transition smooth and straightforward.
Key Benefits
Why SSP Global
Prime Business Hub for Your Loan Buyout?
Market-Wide Comparison
We do not work for any single bank. SSP Global Prime Business Hub compares available buyout rates across our entire network of UAE-licensed lenders and presents you with the most competitive option available for your salary, employer type, and outstanding balance.
Profile-First Approach
Before submitting any application, we conduct a full review of your existing loan terms, AECB credit score, employer classification, and current instalment — to ensure the buyout genuinely benefits you financially. We only recommend a transfer when the numbers make clear sense.
Lower Interest Rate
Transfer to a bank with a more competitive flat rate than your current lender
Reduced Monthly EMI
Restructured repayment can reduce your monthly financial burden immediately
Extended Tenure Option
Spread repayments over a longer period for additional monthly relief
Top-Up Facility
Access additional funds at the time of buyout without a separate application
No Prepayment Hassle
We manage early settlement coordination with your existing bank
Fresh Start
Move to a bank whose terms and service better match your financial profile
Complete Process Management
From requesting your existing bank liability letter and settlement figures to coordinating disbursement and confirming the original loan is formally closed, we manage every step so you do not have to deal with two banks simultaneously.
Expats and Non-Listed Company Employees Welcome
Major banks often restrict direct buyout applications to employees of listed companies. SSP Global Prime Business Hub works with partner lenders who assess expat and non-listed company employees on individual financial merit.
Eligibility Criteria
- UAE resident with a valid residence visa
- Existing personal loan with at least 6 months of repayment history
- Minimum monthly salary of AED 3,000
- Minimum 3 months with current employer
- Minimum 3 to 6 months with current employer
Documents Required
- Valid passport with UAE residence visa
- Valid Emirates ID
- Latest 3 months bank statements showing salary credits
- Salary certificate or employer salary transfer letter
- Liability letter from existing lender with outstanding balance and settlement amount
Buyout Loan vs Debt Consolidation — Which Do You Need?
01
Number of Debts
02
Solution
Buyout Loan: transfer single loan to a better bank | Debt Consolidation: combine all into one new loan
03
Top-Up Available
Yes, typically at time of transfer | Assessed case by case