Housing Top-Up Loan Scheme

• Pre-Payment Charges: Nil
• Processing charges: only 0.50% of loan amount sanctioned. (The most affordable in the industry)
• Repayment: Maximum up to Residential term of existing Hsg. Loan account.
• Maximum Amount: Proposed loan+ existing Hsg. Loan should not exceed 70 Lakh.

 

• Personal expenses like medical expenses, marriage expenses, expenses for family function, educational expenses of self/spouse & close relatives etc.
• Repairs/ renovation of flat / house.
• Repayment of loans availed from other Banks / FIs / Individuals.
• Provide additional financial flexibility to manage family needs or future investments.
• Use the top-up to consolidate existing high-interest debt, reducing overall financial burden.

• Primary Security: The primary collateral is the same property mortgaged under the original housing loan.
• Mortgage Registration: The top-up loan is secured through mortgage registration of the property with the bank.

• Home loan borrower with satisfactory repayment track record and no. audit query pending.
• Current Market Value of the flat as per valuation report shall be considered for assessing permissible loan amount.

• Revised Rate of Interest: 09.50% P.A.