Home Loan Top Up

Eligibility

• Individual(s) over 18 years of age with steady source of income.
• All new & existing home loan customers.

Purpose

• Any personal purpose such as meeting expenditure on education, marriage, healthcare, repair/renovation/furnishing of the house, etc. other than speculative purpose.

Quantum of finance

• Minimum Rs.50000/- and maximum Rs.50.00 lakh

Margin

• Minimum 20%

Security

• Extension of mortgage on the residential property already mortgaged with the Bank will be mandatory in all cases.
• Post Dated Cheques
• Check – off facility for salaried person

Repayment Period

• The maximum permissible tenor of the loan will be the residual tenure of underlying Home Loan or 15 years, whichever is higher, subject to liquidation of the loan before the borrower attains the age of 70.

Moratorium

• No moratorium period.

Rate of Interest

Processing Charge/Upfront Fee