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