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Details of Home Loan Top up

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Details of Home Loan Top up

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  1. Housing Finance

  2. Details of Home Loan Top up

  3. What is home Loan Top up? It’s a personal loan given to existing home loan customers at the terms of home loan. • (Lower interest rate and higher Loan tenure) Your home loan bank offers top up facility to existing customers with good repayment track record. • Top-up on Housing Finance can be utilized for any purposes as of personal loan. It is not restrictive like home improvements, interior, refurnish home loan add-ons. • What is covered under Home Loan Top ups ?

  4. One can avail top-up for purposes like kid education, vacation, debt repayment, car and personal loan pay off, medical emergencies, vehicle purchase, home improvements, buying commercial property etc. • Home Loan top-up is flexible for applicant’s needs and different from home furnishing/interior loans. • Eligibility considerations for Top up Loan. • Interested applicants need to approach their home loan bank and ask for more details. • The top amount on your home loan would be difference between the original loan amount and current outstanding.

  5. Home Loan Top-ups offer lesser interest rates than Personal Loans or Mortgage Loans. • More Loan amount as home loan top-up(Minimum Loan Amount: Rs. 3 lacs, Maximum Loan Amount: Rs. 5 crores. • Top-up offer longer loan tenure than personal loans and car loans. The tenure of top-up loan can go up to *15-20 years. • Top-up EMIs will be lighter on pocket than other bank loans. Speedy approvals & lesser documentation as banks have your documents from home loan application. • If you avail top up loan for modifying, renovating or acquiring add-on for existing home, then you can also claim tax benefits for the same. • [Source: https://loaneasy.in/home-loan-top-up/]

  6. Click to know more on Housing Finance: https://www.hdfc.com/ Thank You…

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