Mortgage Top Up
You may be qualified to make an application for a mortgage top up for those who have a operating mortgage loan of course you get regular loan repayments on your own current loan. Banks such as for example HDFC, ICICI, SBI and Axis Bank offer top-op loans during the exact same interest as that on mortgage loans. In some cases, the interest rates offered on top-up loans may be marginally more than the interest price in your mortgage loan.
You ought to and may submit an application for a true home loan top-up if
- You have got a current and running mortgage loan from a bank. It is possible to submit an application for yet another loan in your current loan when you have currently paid back a particular percentage of the mortgage making all of the re re payments in a manner that is timely.
- You’re keen to go for a stability transfer loan with a loan that is top-up means you move your loan to a different bank and avail a top-up loan on the current loan.