Detecting an illness is important but modern diagnostic scans and imaging technology can cost upwards of thousands to a lakh or two. This means you may have to touch your savings if you need several tests over the months. A top-up loan can really aid.
While the bills for your surgery, hospital and prescription drugs are taken care of, your insurance will not pay for simple comfort. A better room in the hospital, special meals, or even a visit from a nutritionist or an outside specialist can become an additional cost to bear.
Post-operative care is important in many cases. Whether it may be psychological therapy or physiotherapy, an expert is a necessary requirement, which may lead you to pay a huge upfront fee.
Medical treatments can sometimes cost a fortune. When a family is undergoing a medical emergency, regular monthly expenses may feel like a burden. A top-loan loan can act as a help in such dire situations.
Aesthetic treatments and other add-on elective surgeries are quickly picking up. From hair transplants to LASIK surgeries, and dental implants to fertility treatments, the cost of such procedures is in lakhs! Instead of dipping into your savings to pay for such treatments, a top-up loan certainly helps.
Frequently asked questions
When you transfer an existing home loan from one lender to another, you are doing a home loan balance transfer. With Bajaj Finserv, this facility allows you to get low interest rates starting at 9.50%* p.a., more convenient terms, and a sizeable top-up loan of Rs. 15 Crore for other financial needs.
A home loan top-up is additional financing available when you switch your home loan to Bajaj Finserv. Transfer your current home loan to us and receive a top-up loan of Rs. 15 Crore.
The loan has no end-use limitations, which means you can use the amount for anything, from home renovation or interiors or wedding to even paying for emergency medical bills.
You can apply for a home loan balance transfer 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 balance transfer amount with the home loan balance transfer facility. The loan amount sanctioned 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.