Long-Term Disability Insurance

Long-Term Disability Insurance

home loan can be taken if money is needed, the bank offers this loan at low interest rate.

The top up on a home loan can be taken for a period of 30 years

The bank easily approves a top up loan on timely payment of EMI of the home loan

Many people have faced financial difficulties during the Corona period. Some people are thinking of taking a personal loan, but the interest rate for this type of loan is 10 to 24%. Not all interest rates are affordable. If you have taken a home loan, you can take a top up loan on the loan. Doing so can get you a loan at a lower interest rate. Here are some tips to help you get a top up home loan ...

Get a low interest rate loan

Can a person avail of a personal loan and a home loan simultaneously?


Yes, a person can have a personal loan and a home loan account at the same time. If you have an ongoing personal loan and you are seeking a home loan, then you can apply for it. The only condition is that your debt to income ratio should not be above 50%. You can have multiple personal loans and yet apply for a home loan. You should ensure having higher creditworthiness so that you can manage home loan and Few Important Things to Note

Loan Amount: From 20,000 to 2,00,000
Repayment Duration: From 6 months to 1 years
Annual Interest Rate: From 7.80% - 8.80%*
Processing Fees: may vary from INR 292 up to INR 692/-

પ્રવાસી શિક્ષક ભરતી ફૉમ ડાઊનલોડ કરવા માટે



Representative example :-
loan amount of 50,000 with an annual interest rate (APR) of 7.80% and a repayment tenure of 12 months will total cost of the loan 3,900 including all applicable fees 492 & total cost with interest with processing fees is 54,392.

You can take a loan of more than Rs 50 lakh. However the amount depends on the amount of your home loan. So the personal loan amount is maximum 40 lakhs. If you need more money than this, you can apply in a top up plan.

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