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5 Benefits of a Top-up Home Loan

A Top-up Home Loan is a great way to increase your purchasing power and meet the increased costs of living, while still keeping your repayments affordable. With so many benefits to choosing a Top-up Loan, itu2019s no wonder itu2019s a popular option.<br><br>The information below will help to shed more light on what a top-up home loan really is, how it works, and how it could be a great financial decision for you and your family.<br><br>For more information visit our website: https://www.pnbhousing.com/blog/what-is-a-home-loan-top-up/<br>

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5 Benefits of a Top-up Home Loan

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  1. 5 Benefits of a Top-up Home Loan A Top-up Home Loan gives you the flexibility of adding equity to your home loan, or changing its purpose. And, if you combine your Top-up Home Loan with our other great features, you’ll enjoy even more benefits. Below, we've listed five of them. There is a good chance you will get a substantial share of the property's value if you own the property and decide to sell. Around 70 percent to 80 percent are likely to be your share. Loan repayment can be spread out over a longer-term, which reduces monthly EMIs and is therefore beneficial. This also reduces the monthly income required to repay the loan. A top-up loan has a considerably lower interest rate than an existing home loan. It is designed for customers who want to raise their current loan balance without increasing their monthly repayments. One of the best things about Top-up loans is You can use top-up loans for a number of purposes, such as for home improvements, schooling, medical expenses, and other items. Top-up home loans are easy to get if you have an outstanding payment history with your current loan. Therefore, disbursements are quick as well. Refferal Url https://en.wikipedia.org/wiki/Loan https://www.pnbhousing.com/blog/what-is-a-home-loan-top-up/

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