Avail top-up loan on home loan for varied needs
A top-up loan charges lower interest than other loans
Enjoy longer tenors on top-up loans
Get Bajaj Finserv top-up loan up to Rs.50 lakh
Borrowing a home loan doesn’t put an end to your financial commitments. Often, you may have to bear expenses relating to home improvement and renovation or costs related to professional and personal travel, medical emergencies, your children’s education or their wedding. While you are already repaying your home loan through regular EMIs, your monthly outflow may be too strained to finance these needs. So, in order to cater to your immediate needs for cash, and to continue paying home loan EMIs easily, you can take a top-up loan on your home loan. Find out more about it here.
A top-up loan is an additional loan of up to Rs.50 lakh that you are eligible to take over and above your existing home loan. The best part about it is that you can get a top-up loan with a low interest rate sanctioned and disbursed very quickly. This is because the lender has already checked your home loan eligibility and won’t ask you for too much documentation for a new loan.
This makes it easier for you to acquire finances, especially when you need funds fast. In most cases, the lender will allow you to repay your top-up loan through a long tenor, matching the remaining tenor on your home loan.
Keep in mind that you can assess a top-up loan in two ways:
1. When you carry out a home loan balance transfer
2. When you have successfully repaid your home loan for 2–3 years
Additional Read: Tax Exemption For Home Loan
How to Make Home Renovation Budget Friendly
Here are the benefits of a top-up loan on your home loan.
So, you can cater to all your needs in a simple and organised manner with Top-Up Loan from lenders like Bajaj Finserv. You can easily get a top-up loan on your home loan at a low interest rate and enjoy hassle-free sanction via minimal paperwork. When you choose a Bajaj Finserv Top-up Loan, you can also make part-prepayments and foreclose your loan any time during the tenor at no extra cost.
Bajaj Finserv brings you pre-approved offers for personal loans, home loan, business loans and a host of other financial products. Not only does this simplify the process of availing financing, but also helps you save on time. All you have to do is share a few basic details and check out your pre-approved offers on Home Loan.
Need instant financing? Think it. Done with Bajaj Finserv.
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