Top Up Loan

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1.

Purpose

  • Top up loans to existing customers for repair and renovation of the dwelling unit for which the housing loan was extended.
2

Eligibility

All regular housing loan accounts who have completed a term one years from the date of final disbursement.

 3

Quantum of Loan

  • Minimum loan amount : ₹ 1 lac.
  • Maximum loan amount: ₹ 25 lac.
4

Security

  • Creation of further mortgage of the property already mortgaged.
5

Rate of interest

  • Prevailing card rate.
6

Repayment

  • Maximum tenure for repayment is 15 years and subject to maximum age of 70 years.
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