VISA AND FLIGHTS
Your student loan will cover your tuition, but not your visa, insurance, flight tickets and similar costs. These costs are big and could cause a dip in your savings. It’s easier to get a top-up loan to finance your overhead costs.
LIVING EXPENSES
When you live on your own, the rent you pay per month isn't the only expense you have. Expenses like groceries, meals, transportation, clothes, phone bills and high-speed internet bills add up over time. These costs can add up quickly and make a big dent in your savings.
ELECTIVE COURSES
Your total fee goes up if you opt for more courses, and or extra electives. With an education loan, the basic tuition fee is taken care of, but you are responsible for these other costs. In this case, getting more money on top of the loan you already have helps a lot.
Frequently asked questions
It is recommended that you choose a loan against property balance transfer when your present loan against property lending terms are no longer feasible for you. Transferring your loan against property balance to a different lender may entitle you to more competitive interest rates as well as the ability to get a longer repayment tenure along with a top-up loan.
Anyone with an existing loan against property can apply for a balance transfer with us. Choose us for low interest rates, top-up loan up to Rs. 10.50 Crore* and convenient repayment tenure. Your age, employment status, and city of residence are some of the key standards that you should meet for loan approval.
A salaried Indian citizen residing in India, between the age group of 25 years to 85 years is eligible for the loan. Apart from that, you should have a stable income source and should be employed with a public or private firm. You must also carry an experience of minimum 3 years.
*Terms and conditions apply
If you are planning to apply for a loan against property balance transfer, you must be ready with some basic paperwork. A salaried applicant should have their KYC documents, proof of income (salary slips), property documents like title deeds, and account statements for the past 6 months, etc. handy.
You can repay the total sum borrowed over a convenient repayment tenure of up to 15 years*.