Can I merge home loan + top up loan into one loan ?

POSTED BY thushant ON January 25, 2015 9:18 am NO COMMENTS

Hello ,

I have an existing home loan (23L) + top up loan (12 L) from a private bank, totaling to 34 Lakhs.

Would like to know whether i can do balance transfer of both the above accounts?

1. would any of the banks allow to merge this into a single loan? if so, would they hike the interest rates from normal?

2. if they keep it separate loans, would there be interest rate difference b/w both?

Thanks in advance.

 

 

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