TopUp Loan for Home loan borrowers

• Top-up Loan Scheme for existing housing Loan Borrowers of our Bank
• Takeover of existing housing loan of other banks and additional facility of Top-up Loan for repair/ renovation/ furnishing of house.

1. Existing/Take over Housing loan borrowers (without deviation/ restructuring/rephasement) with minimum 18 months standing (12 months in case of Take over Loans) where repayment commences w.e.f. next month of disbursement and in standard category.
2. Existing/Take over Housing loan borrowers (without deviation/ restructuring/rephasement) with minimum 24 months standing including moratorium (maximum 18months) and in standard category.
3. Old Housing Loan borrowers (Regular and Standard only) of our bank who have repaid and closed their existing housing loan, for maximum repayment tenure of 180 months. 

No Cap on maximum age for TOP-UP loan borrowers, provided that the Age at Maturity of the Loan should not exceed 75 Years.

1. 100% of estimated cost of repair/renovation/furnishing of house
                  or
2. Overall LTV (Loan to Value) should not be more than 75%

1. Takeover of the O/s Housing Loan : as per the prevailing norms complying takeover of housing loan scheme.
2. Additional Top-up Loan : Maximum up to overall LTV(Loan to Value)
   ≤ 75% based on the latest valuation report not older than 3 months.

1. Maximum Repayment period of 15 Years or residual tenure of the original housing loan sanctioned against which Top up loan is given, whichever is earlier.
2. Old housing loan borrower (regular and standard only) who have repaid and closed their existing housing loan - maximum repayment period of 180 months (subject to age at loan maturity should not exceed 75 years.)

• Top-up Loan Scheme for General purpose:  For existing Housing Loan borrower of our Bank.
• General Purpose includes personal expenditure of varied needs like Children's Education, Marriage of Children, Medical treatment, buying a vehicle or hi-tech gadgets etc. ( Approved as per prevailing  lending policy )

1. Existing/Take over Housing loan borrowers (without deviation/ restructuring/rephasement) with minimum 18 months standing (12 months in case of Take over Loans) where repayment commences w.e.f. next month of disbursement and in standard category.
2. Existing/Take over Housing loan borrowers (without deviation/ restructuring/rephasement) with minimum 24 months standing including moratorium (maximum 18months) and in standard category.
3. Old Housing Loan borrowers (Regular and Standard only) of our bank who have repaid and closed their existing housing loan, for maximum repayment tenure of 180 months. 

No Cap on maximum age for TOP-UP loan borrowers, provided that the Age at Maturity of the Loan should not exceed 75 Years.

• Need based Finance, subject to maximum overall LTV should not be more than 75% based on valuation report older than 3 years.
• Overall LTV should be calculated based on outstanding balance plus undrawn portion if any in the existing housing loan account plus the proposed Top-up loan together into the account.

1. Maximum Repayment period of 180 months (subject to Age at Loan Maturity should not exceed 75 Years).
2. Old Housing Loan borrowers (Regular and Standard only) who have repaid and closed their existing housing loan- Maximum Repayment period of 180 months (subject to Age at Loan Maturity should not exceed 75 Years).