Eligibility criteria, features and benefits of top-up loan

Do you have an ongoing home loan that you are paying a large interest amount on and want to cover your different needs without managing larger interest rates? If yes, you can switch your home loan to another lender offering a lower rate. This way, not only your home loan interest rate will come down, helping you pay lower EMIs, but even a top up loan. A top up loan will help you manage all other needs at a lower rate and a longer tenor. Let’s...

Read More

You Should Know How Top-up Loan Works on a Home loan

When you need a large amount, it is common to avail of a loan to cater to your needs. But when you already have a home loan or have recently opted for the home loan balance transfer, you may avail of a top up loan. A top up loan is offered above and over your current home loan. Based on your home loan eligibility, you can know about an available housing loan amount. Using the top up home loan calculator on a lender’s website, it is possible...

Read More

Important Documents Required for Home Loan Refinance

Many a time, individuals can suffer from sudden financial crises, making it difficult for them to sustain their current home loan repayment. Borrowers can also find themselves stuck with a high interest housing loan while current market rates have lowered. Under such circumstances, they can transfer their outstanding amount to a lender offering lower interest rates along with better offers like a top up loan. However, there are certain mandatory...

Read More

Important Factors You Should Know Before Taking aTop-Up Loan on a Home Loan

 With a top-up loan, which is usually available during home loan balance transfer, a lender extends an additional credit line over and above the existing loan amount. Such credit is usually available at an easy rate of interest. Nonetheless, there are a few important factors that borrowers should keep in mind before availing a top up loan on home loan –Conditions to avail it To be eligible for such an additional loan amount, borrowers need...

Read More

Reasons Why You Should go for a Top-Up Loan

When you have taken out a loan, a top-up is an additional advance over and above the existing loan amount. Such a facility is popularly termed as top-up loan. It is particularly helpful when borrowers need new credit, but do not seek to avail external financing.  As the borrower's credentials are already submitted to the lender, securing top-up is hassle-free and less time-consuming. Here are some of the dominant reasons why a top up loan...

Read More