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You can take a loan of 100% or more of the current loan amount.

Loan Against Property Top-up

A top-up loan is an additional credit that can be availed of over and above an existing loan and when opting for a balance transfer.

A top-up loan does not come with any end-use restrictions and requires minimum documentation.

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Loan Against Property Topup-

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Following are the procedure steps:

1. Eligibility Check:

Borrowers need to verify if they meet the eligibility criteria set by the lending institution. This includes factors such as income, credit score, existing loan repayment history, property value, etc.

2. Application:

Borrowers must fill out an application form provided by the lender, along with submitting necessary documents. These documents typically include identity proof, address proof, income proof, property documents and existing loan details if any.

3. Property Valuation:

The lender may conduct a valuation of the property against which the loan is secured. This valuation helps in determining the maximum loan amount that can be sanctioned.

4. Credit Appraisal:

The lender assesses the borrower's creditworthiness based on various factors such as income, employment stability, credit history, etc.

This evaluation helps determine the borrower's ability to repay the additional loan amount.

5. Approval:

Once the application is processed and all checks are completed, the lender approves the top-up loan amount. The terms and conditions, including interest rate, tenure, and repayment schedule, are communicated to the borrower.

6. Documentation:

After approval, the borrower needs to sign the loan agreement and complete other documentation formalities as required by the lender. These documents include the loan agreement, property documents, post-dated cheques for EMI payments, etc.

7. Disbursement:

After all documents are verified and in order, the lender disburses the top-up loan amount to the borrower. This amount is usually credited to the borrower's bank account or provided through a demand draft.

8. Repayment:

The borrower starts repaying the top-up loan amount along with the existing Loan Against Property EMIs as per the agreed repayment schedule. This typically includes monthly payments of principal and interest.

Why choose Livanity for Loan Against Property Top-up?

Livanity is a one-stop solution for all your financial needs. Here, we try to provide you best services that are hassle-free and quick in nature. For Loan Against Property Top-up, we provide you a comparative analysis of what different banks are offering. We also assist you in your final decision.

Here are a few reasons for you to apply for a Loan Against Property Top-up at Livanity:

Fast assistance:

At Livanity, you can contact us at any official working hours of the day.

Customer needs in forefront:

Your needs are our priority. We promise to deliver you with services that are best on our capabilities. By handpicking Loan Against Property Top-up offers based on customer profile, we try to give you the most personalized experience.

Compare Offers Online:

With more than 100 lenders as partners, you can compare the different offers of financial institutions to make the right decision. In fact, we help you find the best lender as per your eligibility requirements. There is a personalized relationship lender for every customer who helps him/her select the bank of his/her choice.

Real-time customer support:

Our customer support team is fast and efficient to clear all your doubts regarding Loan Against Property Top-up eligibility, procedures, offers, documentation and repayment options. We even contact with the respective lender on behalf of you.

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