We all wish to remodel our bedrooms, restructure living rooms, or seek similar upgrades periodically. Likewise, as your children grow up, they may demand for an independent space for themselves, which calls for a revamp of your rooms. Arranging for all this and more can cause a dent in your savings.
The interiors of your home speak of your personality and standing. You may not want to miss a personalised touch and a modern interior for your new home. With some extra finances, you can give a very special vibe to your home without compromising on your desires.
Furniture has the power to transform a space into a luxurious home. Tables, chairs, couches, curtains, and other upholstered pieces elevate both the exteriors and interiors. These possessions might cost a significant amount, but you can arrange for them easily with a top-up loan.
Maintenance of your home is a recurring expense, which can arise every 4-5 years. These costs can easily go in lakhs and upwards. With the material costs and professional fees being inflated with time, the overall expenses keep snowballing.
Transforming your home into a smart home is not just trendy but efficient and a need of modern times. If you desire a home with cutting-edge technology such as voice-controlled lighting, smart air conditioning, a tech-enabled security system, and so on, our top loan will help you meet your wants.
Frequently asked questions
When you transfer your existing home loan from one lender to another, you are doing a home loan balance transfer. With Bajaj Finserv, this feature allows you to get low interest rates starting at 8.50%* p.a. more convenient terms, and a sizeable top-up loan up to Rs. 1 Crore* for your urgent financial needs.
A home loan top-up is additional financing available when you transfer your home loan to another financial institution. Refinance your current home loan with Bajaj Finserv and avail of a top-up loan up to Rs. 1 Crore*.
The top-up amount has no limitations on its usage which means, you can use the amount for anything, from the home renovation or interiors to even paying for emergency medical bills or a wedding.
You can apply for a home loan balance transfer any time after paying off 6 monthly instalments to your current lender. When applying, you must not have outstanding dues on your present loan.
There is no limit on the amount when transferring the home loan balance. The loan amount granted to you is based on your income profile, CIBIL Score, and the value of your home.
Typically, switching to a lender via a home loan balance transfer takes 5 to 10 days. This duration is also affected by how fast you receive the foreclosure letter and other documents from your current lender.