Axis Bank

Top-Up Loan

Features & Benefits
A top up loan is an additional finance facility for Home Loan Customers against the mortgage of their existing property, to tide them through a short term crunch.
How much loan you can avail: upto Rs. 50 lac
Loan Tenure : Same as the outstanding Home Loan Tenure
You can use it for the following purposes
For Construction of Residential / Commercial Premises – Permitted
For personal requirement and Business Purposed – Permitted subject to condition as mentioned in the affidavit
For Purchase of another Residential / Commercial Premises – Not permitted
An undertaking cum affidavit to be collected from the borrower specifying the end use of the loan and that the loan shall not be used for any speculation, illegal activities, litigation or any other notorious activities
The property is to be owned by NRI only or joint ownership
Top up loan can only be extended against complete residential property with no pending post disbursal documentation
For existing Home Loan borrower, clear repayment history is important. There should not be more than 1 EMI bounce in the last one year and the same should have been cleared before the next EMI date
Existing Home Loan customers are eligible for top Up loan after six months’ clear repayment.
For Top Up loan with takeover oh Home Loan from other bank, one year clear repayment track will be required.

Get Enquiry Here

9594111161 / 9967111161
Flat No. 2, Ground Floor, Ganesh Sai Bldg No. 4, Janta Society, Pant Nagar, Ghatkopar East, Mumbai 400 077

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