Any option to get a Top Up on my existing Home loan ?

POSTED BY Girish ON September 20, 2013 1:28 pm COMMENTS (2)

Hi All,

I have taken the home loan at the rate of interest 10.75%(over 1 year). Now i am doing interior for my home and i need around 2 lacks for that.

Please clarify

1. Is there any option so i can get extra money on my home loan(top up) from the same bank.

2. Whether i go for personal loan and try to close the loan as much as possible(by paying partial pre payment).

3. Is there any better alternative ways?

Thanks in advance.

2 replies on this article “Any option to get a Top Up on my existing Home loan ?”

  1. Girish says:

    Hi Ashal,

    Thanks for the information.

  2. ashalanshu says:

    Dear Girish, please check with your home loan bank. In all probability you ‘ll get the Top Up, if you do have repayment capacity. Personally I w’d ask you to wait for at least 1 more year to do this interior thing. This ‘ll help you to decide with a cool mind, what is required and what is not in your interior work?

    thanks

    Ashal

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