A top up loan is an additional loan on your existing home loan. This is useful finance which helps to meet additional financial needs. For instance, once you buy the house you may want to get it renovated or have the boundaries extended, build additional rooms etc. for which you may require more funds and top up loan does exactly that. If you ask any financial advisor if you must opt for a top up loan there answer would Yes. This is because it offers host of benefits to borrowers saving them from the hassle of reapplying for a fresh new loan.
Reference Read: Want a Top-up Loan? Here's Everything You should Know
0 Comments
Leave a Reply. |
AuthorAman Khanna is an experienced financial advisor who is well known for his ability to foretell the market trends as well as for his financial astuteness. He has an MBA in finance from Toronto University as well as years of experience delivering seminars on sound financial practices and debt management. |