Top up loans: toppings on your home loan
By Joseph Samson
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Who doesn't love additional toppings over things? Be it mouthwatering toppings on your favorite pizza or additional sugar coated candies, toppings do enhance the attractiveness of the product of your choice.

Loan products have also started coming with additional top up facilities. And these facilities are termed as top up loans. Top up loans are toppings over your existent loans. A person can take a top up loan by mortgaging his existing house or even on existent home loans. Thus these loans are incremental toppings on your home loans.

If a person is a borrower of home loan and he needs an additional sum of money for renovation, painting or modification of his house, he can opt for top up loans. But that does not mean that top up loans are restricted to the purposes related to a house. A top up loan can be availed for any purpose like children's education, daughter's marriage or for buying some extra property.

Since the top up loan is taken on the existing home loan, so as the person pays for his home loans he also pays for the top up loans.

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(Comments Posted : 43) Post Your Comments
1. How to rate of interest top up lone
vishnu B Katare (Posted: Mar 17, 2017)
2. I have a home and top-up loan with SBI in a joint account with spouse. Home loan is closed by SBI life after My husband expired. But the top-up loan is still on for more 20 years. Do I have the option to reduce the top-up load term to 5 years and close it, instead of prolonging. Also can you please confirm if tax exemption is given on these top-up loans?
Surekha (Posted: Jan 7, 2017)
3. Debra Orr by names from United States, Am here to guide everyone out there looking for a loan such as Business loans, Mortgage loans Real estate loan, Personal loan and all other kinds of loan to contact this awesome loan firm owned by Mr Viggo Davis who supported me and my family with a business loan and also with a mortgage loan worth $740,000 which put our lives back on track again. Thanks to Mr Viggo Davis because i never believed that such genuine lender still exist for till i found Mr Davis. Am very grateful for what he has done for us that's why am doing all this to make others benefit from his wonderful service he renders to both individuals/company. So am using this moment to inform anyone above 18yrs to contact Mr. Viggo Davis via email ( or ( to get his/her loan today with better repayment schedule, no social security number required and no credit check required, 100% Guaranteed.
Debora Orr (Posted: Oct 20, 2015)
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