Mortgage loan top-up is an extra loan amount you could avail for a current mortgage loan. You will be entitled to make an application for a mortgage top up for those who have a operating mortgage if you earn regular loan repayments on your own current loan. Banking institutions such as for example HDFC, ICICI, SBI and Axis Bank offer top-op loans during the same interest as that on mortgages. The interest rates offered on top-up loans can be marginally higher than the interest rate on your home loan in some cases.
You ought to and will submit an application for a true home loan top-up if
- You have got a preexisting and running mortgage loan from a bank. You can easily make an application for an extra loan on your own current loan for those who have currently paid back a particular percentage of the mortgage making all of the re payments in a prompt way. (suite…)