The repayment tenures for a home loan top-up can be the same as that of a home loan. Apart from the above information, other important things to consider are when applying for a top-up loan are-
• The tenure of top-up loans varies between lenders
• There may be tax benefits for top-up loans used for home remodeling, construction, etc.
• Top-up loan prepayments don’t attract penalties
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Posted On: 27 May 2022 6:07 PM
