Home loan balance transfer and top up

Home loan balance transfer and top up

This facility allows the customer to transfer his existing Home loan from approved financial institution with or without additional top up.

  • Loan amount: Upto Rs. 50 Lacs
  • Maximum Loan to Value:
    Loan Amount Maximum Loan to Value
    Upto Rs. 30,00,000 90% of property value
    From Rs. 30,00,001 to Rs. 50,00,000 80% of property value
  • Tenure: Up to 20 Years (However, the period shall not exceed beyond 60 years and 70 years of age of the borrower/co-borrower, respectively for Salaried and Self Employed borrowers / co borrowers)
  • Repayment: Equated Monthly Instalments (EMI) through Automated Clearing House (ACH).
  • Tax benefits: Tax deduction subject to a maximum limit of Rs 2 Lacs for interest payments and up to Rs 1.5 Lacs for principal repayment. Tax benefit can be shared between co-borrowers subject to certain conditions.

Top Up Loan

With the help of this facility you can celebrate your personal or professional milestones such as marriage, a dream vacation, business expansion, debt consolidation etc. Existing Home loan customers or Home Loan BT Customers can opt for this facility.

Sign up for Newsletter

Connect With Us

X

Please e-mail your requirements to enquiry@muthoothomefin.com

or contact us : 022-39110999, 022-39110900, 18001211214

X

Leave a message and we'll get back to you.