Why should you opt for a top-up Loan?

A top-up home loan is an addition made on the existing home loan. It is provided at varying interest rates, and come along with several benefits, as listed below:




A top-up home loan requires minimum paperwork since the documents are already submitted with the lender.

A top-up loan can be used for a variety of purposes, including renovation, to fund education or marriage, or even to fulfill personal needs.

A top-up home loan is much more affordable than a personal loan since the interest charged on a personal loan is way higher as compared to a top-up home loan.

Further, as per section 24 and section 80C, a top-up home loan could provide you with tax benefits.

It's better to opt for a top-up loan rather than a personal loan. Top-up loans are provided at a larger tenure than a personal loan. They can be availed for a maximum of 20 years.

Read more:- Why should you opt for a top-up home loan?

Thus, top-up home loans can be an affordable medium to fix financial instability.

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