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Home loans: To top up or not to top up? | Expert Views



Like home loans, top-up home loans, too, get a tax benefit if the money is used for modifying, renovating or acquiring add-ons on one’s existing home

“You can now apply for top-up on your existing home loan and use the funds to fulfil a host of requirements such as home renovation, marriage expenses, business expansion, funding of your child’s higher education or any other personal need with a combination of overdraft facility.”

“As our esteemed home loan customer, you can avail extra loan of up to Rs 50 lakh against the mortgage of your property. You can use the top-up loan for multiple purposes such as construction of residential/commercial property, personal requirement or for business purposes.”

“We offer top-up loans to our customers to borrow a certain amount

Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of or the Business Standard newspaper

First Published: Apr 14 2024 | 4:29 PM IST

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