Documents are required for Home Loan top-up?
I’m not sure if any documentation is really required for the Top Up Loan facility. If you think about it, because a top-up loan is offered only to lender’s existing Home Loan and personal loan customers, they already have all your documents. Having said that, the lender may still ask for some documents to verify your debt burden ratio, changes in your income and financial status etc.
The required documents can be:
Valid Passport
Voter ID Card
Aadhaar Card
Valid Driving Licence
Prerequisite conditions for top-up loan:
A top-up loan is an extended financial support offered by the lender to their Home Loan borrowers. The first condition is that you have to be an existing Home Loan customer to avail a Top Up Loan.
Secondly, your debt-to-income ratio and your monthly income should be sufficient to pay the EMI of the new loan.
Third, and the most important condition, the lender should have the facility in their Home Loan schemes.
Bottom line: Nobody will be able to give the exact information required because the documentation depends on the lender. Some lenders might not ask for extra documents, while others can. So, it’s better if you call your lender and ask the same question and get the proper answer.
The required documents can be:
Valid Passport
Voter ID Card
Aadhaar Card
Valid Driving Licence
Prerequisite conditions for top-up loan:
A top-up loan is an extended financial support offered by the lender to their Home Loan borrowers. The first condition is that you have to be an existing Home Loan customer to avail a Top Up Loan.
Secondly, your debt-to-income ratio and your monthly income should be sufficient to pay the EMI of the new loan.
Third, and the most important condition, the lender should have the facility in their Home Loan schemes.
Bottom line: Nobody will be able to give the exact information required because the documentation depends on the lender. Some lenders might not ask for extra documents, while others can. So, it’s better if you call your lender and ask the same question and get the proper answer.
Nice information on here, I would like to share with you all my experience trying to get a loan to expand my Clothing Business here in Malaysia. It was really hard on my business going down due to my little short time illness then when I got heal I needed a fund to set it up again for me to begin so I came across Mr Benjamin a loan consultant officer at Le_Meridian Funding Service He asked me of my business project and I told him i already owned One and i just needed loan of 200,000.00 USD he gave me form to fill and I did also he asked me of my Valid ID in few days They did the transfer and my loan was granted. I really want to appreciate there effort also try to get this to anyone looking for business loan or other financial issues to Contact Le_Meridian Funding Service On Email: lfdsloans@lemeridianfds.com / lfdsloans@outlook.com He also available on WhatsApp Contact:+1-9893943740.
ReplyDeleteI cannot thank Mr Pedro loan service enough and letting people know how grateful I am for all the assistance that you and your team staff have provided and I look forward to recommending friends and family should they need financial advice or assistance @ 2% Rate for Business Loan .Via Contact : . pedroloanss@gmail.com . Whatsapp +18632310632
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