Turn to top up home loan in an emergency
Among all loan products, a top-up home loan is the cheapest option for raising funds.
When you apply for a top-up loan, the bank adds the amount lent to your existing home loan.
Interest rates on top-up loans are lower than on loan against securities, gold loan, personal loan, etc. One can get a top-up loan for 8.65-12.15 per cent.
Lenders don’t impose any restriction on end-use of the loan. You can take a home loan top-up for home renovation, home extension, child’s education or marriage, or even to consolidate you.....