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SBI Home Loan: Top up loan on State Bank’s home loan will be available at affordable interest rates, work news here

SBI Top-UP Loan: The country’s largest government bank loan is offering top-up loan against its home loan and does not charge any separate processing fee for the same. SBI has announced an offer to keep the interest rate of this top-up loan as low as 0.25 percent. Also, this top-up loan is proving to be different as compared to traditional loan products due to no processing fees.

Know Top-up Loan Interest Rates
In the top-up loan, you will get a loan between 7.5 percent to 9.95 percent. At present, this loan is getting a higher rate than SBI’s home loan. Its interest rate will be 0.50 percent to 1 percent more than the interest of the home loan. In this sequence, let us tell you that SBI’s home loan is currently available starting from 6.70 percent.

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What is top-up loan
Top-up means loan taken on an already existing product which is covered under the offer. Know this as this is another loan taken against you home loan which you can use to meet your other needs like children’s education, home renovation or children’s wedding, travel or purchase of luxury items. can do for.

Top-up highlights
A top up loan can be taken depending on the amount of your home loan.
Its term or tenure can be up to 30 years.
Top-up loans up to Rs 50 lakh can be sanctioned.
By looking at the repayment pattern of bank home loan, top-up loan customer can get it.
This top-up is easily available to those who repay the home loan installments on time every month.

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