Securing Hannav Ledger...
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Glossary
A top-up loan is an additional loan sanctioned over an existing home loan, usually at a slightly higher rate than the base loan but lower than a personal loan.
Extra money you can borrow on top of your existing home loan, at home-loan-like rates.
Often available with a balance transfer or after a track record of timely EMIs; can be used for any purpose, with interest generally cheaper than unsecured personal loans.
A borrower with a running ₹25 lakh home loan takes a ₹5 lakh top-up for home renovation at 9%, versus 13% for a personal loan.
Extra money you can borrow on top of your existing home loan, at home-loan-like rates.
Top-up Loan helps you evaluate products, compare options, and make informed decisions aligned with goals, tax rules, and risk tolerance in the Indian financial system.