Updated: Feb 12, 2022, 14:46 ISTShare:
What is a Pre-approved Top-Up Loan?
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It is an additional loan, on an existing Mortgage Loan
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The process is simple and fast
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It requires minimal documentation
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It comes with attractive interest rates
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Use the funds for home renovation, children’s higher education, wedding expenses, business expansion, etc.
Attractive Features:
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Disbursal: Within 24 hours
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Repayment term: Up to 10 years
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Amount: Up to Rs 1 crore
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More flexibility: With an Overdraft facility
Description: When you have an existing Home Loan, your bank may offer you a Pre-approved Top-up Loan to meet various personal and business expenses.
Topic: What Is the Maximum Funding and Loan Repayment Term for a Top-Up Loan?
Maximum Funding for a Top-Up Loan on your Home Loan
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Up to 100%, of the original loan amount sanctioned
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Ranging from Rs 50,000 to Rs 1 crore
Maximum Funding for a Top-Up Loan on Personal Loan
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Ranging from Rs 50,000 to Rs 25 lakhs.
Repayment Term for a Top-Up Loan on Home Loan
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Up to 20 years.
Repayment Term for a Top-Up Loan on Personal Loan
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Up to the tenure of your original loan.
Description: Learn about the maximum funds you can get with a Top-up Loan, on your existing Home Loan or Personal Loan.
