Top loan can be availed after paying installments regularlly for three years on a home loan.
To apply top up loan you can approach the bank with your salary ships of recent period and updated bank statement.
You can use this top up loan for any purpose like home renovation work personal needs medical expenses other private needs.
Top up loans are offered to existing home loan clients of the bank there is low interest rates on it. Top up loans are also beneficial under s.24 of the income tax act, top up home loans are liable for tax benefits on interest paid during the financial year.
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