2 min read
25 May 2021

Once you’re done purchasing a home, you will want to furnish it with items like sofa sets, dining tables, beds and appliances that add comfort and match your taste. But, to do this, you might need to borrow an additional sum of money apart from your home loan. In such a case, you may be confused between a top-up loan and a personal loan. Read on to know the benefits and features of each. This will help you decide which loan you should pick.

For increased affordability

When you want to take extra finance to furnish your home, it is important to closely consider the affordability of every option. This is because you are already paying EMIs towards a home loan and so, you want to keep your repayment burden to a minimum. Given this scenario, top-up loans are more affordable as they feature a nominal rate of interest. Since these loans come as an add-on to a home loan, they feature an interest rate that is usually lower than that of a personal loan. So, finance furnishings and furniture for your home by opting for a Top-up Loan from Bajaj Finserv. Here you can gain from benefits like quick approval, nominal rate of interest and along tenor.

For quicker disbursal

When it comes to quick disbursal of the loan amount, both a top-up loan and a personal loan are good options. Both these loans provide cash in your account in as soon as 24 hours. This means that you don’t have to deposit the cheque and waste time waiting for it to clear. Paying attention to these three factors will help you pick a loan that is best suited to your needs. When selecting a loan, also evaluate the lender and the service offered to ensure that you choose the right source of finance.

While care is taken to update the information, products, and services included in or available on our website and related platforms/websites, there may be inadvertent inaccuracies or typographical errors or delays in updating the information. The material contained in this site, and on associated web pages, is for reference and general information purpose and the details mentioned in the respective product/service document shall prevail in case of any inconsistency. Subscribers and users should seek professional advice before acting on the basis of the information contained herein. Please take an informed decision with respect to any product or service after going through the relevant product/service document and applicable terms and conditions. In case any inconsistencies observed, please click on reach us.

*Terms and conditions apply