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Planning to avail top-up loan? Here're the interest rates offered by banks

These loans require minimal paperwork as your existing lender has already scrutinised your credit profile and documents

Priyadarshini Maji 

Home Insurance
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You can utilise this money for business-related purposes, to fund a child’s education, or meet any other personal need
  • Those who have taken a can opt for a top-up loan
  • Banks check repayment ability and payment track record in the before approving
  • are almost similar to those for home For instance, SBI provides at 8.3 per cent, and at 8.4 per cent
  • However, on top-up are lower than on personal loans
  • These require minimal paperwork as your existing lender has already scrutinised your and documents. Hence, approval and disbursement tend to be easy and fast
  • Some banks provide top-loans only for the period outstanding for the existing loan, others provide it until the age of retirement, and yet others until 70

First Published: Thu, November 29 2018. 21:24 IST
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