What Is A Home Top-Up Loan?

Planning to revamp your interiors but can’t afford to?

You could take a Personal Loan but they charge interest ranging from 12% and higher 🤯

Rather I would suggest taking a top-up on your home loan instead. ⬆️

If you have paid 12 or more installments of your home loan EMI, you become eligible to take a top-up home loan, the interest charged under these loans is only 1% higher than your pre-existing home loan - making them some of the cheapest loans available in the market.

To make things sweeter, when a top-up loan is used for the renovation, repairs, or reconstruction of your property you can claim up to INR 30,000 of the interest paid as a tax deduction💰

Most banks 🏦 allow you to take a top-up loan to meet any personal purpose making them a better alternative to a personal loan.
.
.
.
.
.
.
.
.
#financewithsharan #homeloan #loan #loanofficer #realestateinvesting #homeloans #homeloans #personalfinance