A home loan top-up is always better than a personal loan. It offers better rates, longer repayment terms and tax benefits.
There are so many loan options in the market that it’s easy to get confused. People often go for a personal loan when they need urgent finances, and land up with a heavy burden. Instead, if you have an existing home loan, a top-up could be the ideal solution to cover a crisis.
WHAT IS A HOME LOAN TOP-UP?
“A top-up loan is an additional loan amount you borrow from the bank where you have a home loan,” says Adhil Shetty, CEO, BankBazaar.com. “And it can be used for any purpose.”
This story is from the March 4, 2019 edition of India Today.
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This story is from the March 4, 2019 edition of India Today.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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