1 / 11

Learn about ins and outs of a top-up loan before taking one

A top-up loan is an additional loan that is granted to an existing borrower by their lender, usually on the same terms as their original loan. This type of loan is often used by borrowers to finance major expenses such as home renovations, medical bills, or tuition fees.

HeroFinCorp
Download Presentation

Learn about ins and outs of a top-up loan before taking one

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Know How a Top-Up Loan Can Assist During a Crisis

  2. 1. • 2. • 3. • Qualification For A Top-Up Loan • You must make a consistent income • Indian citizens with a good credit score • You must possess the necessary KYC documents

  3. Top-up Loan Advantages

  4. Debt Clearance • You can pay off existing debts

  5. Quick Processing You can get instant approval with minimal paperwork

  6. Affordable Rates • Top-up loan interest rate is lower than existing debt product

  7. Tax Advantages Using this loan for certain purposes offers tax benefits

  8. 1. • 2. • 3. • Top-up Loan Drawbacks • Eligibility criteria can be stringent for various lender • It increases the total amount of interest payable available with shorter repayment terms and additional fees • Some top-up loan lenders require collateral.

  9. 50 • Distinctions Between A Top-up And A Personal Loan 40 30 • Top-up loans are available only with the existing lender 20 • A top-up loan repayment period is shorter than a personal loan 10 0 Item 1 Item 2 Item 3 Item 4 Item 5

  10. Top-up loans are available on an existing personal loan but you must weigh the pros and cons before obtaining one.

  11. Thanks Would Love to hear from you. Hero FinCorp Limited 09, Basant Lok, Vasant Vihar, New Delhi - 110057 Tel: 18001024145 Email: customer.care@herofincorp.com Website: https://www.herofincorp.com/ Know More: https://www.herofincorp.com/blog/top-up-loans-and-how-can-they-help-you

More Related