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Want cheaper loans to meet financial needs? Top-up home loans can be a good option


Updated Feb 09, 2021 | 13:18 IST
At present banks are offering home loans starting from 6.75% so you can easily get a top-up loan starting from 7.25% interest rate.
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New Delhi: Top-up home loans from your existing home loan lender is a cheaper source of funding that home loan borrowers can avail of in order to meet any big-ticket spending needs such as home renovation, foreign travel, car purchase, children s higher education or wedding. These loans are not only cheaper but also come with a long repayment period so that you don t feel the burden of higher EMIs. Worth mentioning here is that one can take top-up home loans for investment in equities when markets are low. Here are four reasons why a top-up home loan is a better option than any other loan. ....

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