1 / 7

Top-up Home Loans

ARTHFC provides home loans to become the leading housing finance company in India.

arthousingfc
Download Presentation

Top-up Home Loans

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. Top-up Home Loans Fund Big-ticket Expenses https://www.arthfc.com/

  2. What is Top-up Home loan? A top-up home loan is a financial assistance given by your bank over and above your existing home loan. It seems another helping hand by banks and financial institutions to fulfil your dreams.

  3. Eligibility Criteria for Top-up Home Loans 1. You need to have an existing home loan that you have been disbursing without non-remittance. Your previous installments were paid full in time. You will be granted top-up home loans if your bank has approved credit report. Banks will charge processing fees. However, a few banks waive it. 2. 3. 4.

  4. Features of Top-up Home Loans 1. Tenure Top-up loans usually allow a tenure of ten years. However, this varies from bank to bank. Some institutions grant you the tenure equal to the outstanding tenure of your current home loan.

  5. Interest rates on top-up home loans are slightly higher than your personal home loans. However, these rates differ from bank to bank. A processing fee will also be levied upon you. It will amount to two percent of your top-up loan principal. However, this can be waived if you have a reliable credit score. 2. Interest Rates

  6. 3. Utilisation Top-up home loans can be utilised for the purpose of refurbishment or construction of your house or to meet your personal expenditures such as children’s education expenses.

  7. Advantages of Top-up Home Loans 1. You can avail this for personal or professional needs. It ensures quick processing due to minimal documentation and your reliable credit score. Repayment options are simple and easy. Top-up home loans have lower interest rates compared to commercial loans. 2. 3. 4.

More Related