To meet the personal needs like expenditure on education, marriage, health care, renovation/furnishing of the house etc., other than speculative purpose, Loans will be sanctioned Existing Housing loan borrowers.

• All existing Home Loan customers with a satisfactory and regular repayment record of at least one year provided possession of the house has been taken by the customer and valid mortgage has been created in favour of the Bank.
• Note: - Repayment track record of the borrower in other Bank/ HFCs will continue to be considered for Home Top-up loan eligibility in case of Takeover loans
• CIBIL Score: should not be less than 700.

1 % above interest rate charged on existing Housing loan. 

• Min limit - Rs.2,00,000/-
• Maximum Loan limit - Rs.60,00,000/-

For the calculation of the LTV ratio, an upward revision in the realizable value of the property can be considered only after one year from the date of sanction of the home loan or the sale deed execution date, whichever is later.

Repayment Period -The maximum permissible tenure of the loan will be the residual tenure of underlying Housing Loan or 20 years, whichever is higher, subject to liquidation of the loan before the borrower(s)/Co-borrower(s) attains the age of 70 years. However, the borrower can opt for a lower tenure. Second loan may be considered only after a gap of one year from the date of last disbursement of earlier loan.

Latest Income Related Documents

direct link to service charges

Extension of mortgage on the residential property already mortgaged with the Bank will be mandatory in all cases.

The extant instructions of obtaining latest income proof, valuation and Search Report for the intervening period of the mortgaged property, extension of the mortgaged on the property, etc. will remain applicable.