Many financial institutions and banks may offer to buy the obligations of borrowers from other banks in order to grow their loan portfolio.
The financial institutions and banks shall repay the obligations of the borrowers at their existing bank after the credit study and the relevent approvals. Then,they issue certified checks from the borrower's account to the order of the bank to buy the obligations from them. And the new bank will pay the fine of an early repayment commision of 1% of the amount paid.