top up loan

A top up loan is a facility provided by financial institutions, allowing borrowers to avail funds over and above their existing home loans. The best example is a top-up mobile recharge plan, which provides users with an extra balance on their existing recharge plans. Features of a top-up loan Salient features which borrowers would get by availing this loan are- No end-use restrictions: Borrowers can avail a top up home loan and use it for various purposes like home décor, furnishing or any other emergency purposes. It can be used as a personal loan. Flexible repayment tenor: The repayment tenor…