Top-up Loan

Loan For Home Purchase
  • This is an additional finance option available for new customers availing a balance transfer or for existing SMHFC customers. Whats more? These loans can be used for any purpose ranging from business needs to personal obligations or aspirations!
  • Top-up loan is a facility provided by SMHFC that allows a customer to borrow a certain amount of money over and above your home loan.
  • Loan against the value of a residential property which is self occupied by SMFC customer.
  • Get loan of upto Rs 25 lakh with maximum tenure of 20 years
  • Eligibility & Documentation

    We at SMHFC understand that every customer has varied needs, sources of income and documentation availability. We provide tailor-made solutions based on customer requirements. The final eligibility of a customer is decided on a number of factors including (but not) restricted to income stability, repayment capacity, past credit record and positive verification

  • Rate & Charges
    Loan Terms
    Loan Amount Minimum Rs. 1 lakh & maximum Rs 25 lakh higher amounts can be considered on exception basis.
    Tenure Maximum 20 Years
    Interest Rate HL + 1% (12% or HL + 1 % whichever is higher for existing customer)
    Processing Fee 2% - 3% (+GST) of the loan amount
    Prepayment Charges NIL
    Loan to Value Maximum 85%
    Security Equitable Mortgage (by deposit of title deeds) on the property being financed. A registered mortgage may be insisted upon wherever necessary.
    Repayment Through customer's electronic standing instruction (NACH) for all Equated Monthly Installments (EMIs)
    MITC SMHFC will adhere to the Most Important Terms and Conditions ("MITC") on all loans as prescribed by the National Housing Bank.
    Other Conditions SMHFC will facilitate customers to take a mortgage redemption policy through SMHFC's tie up with HDFC Life. The exact insurance amount will depend on the age, loan amount & loan tenure.
    To read document retrieval and other charges, Click Here
    Swipe Table
  • Calculators

Rate / terms could be subject to change at management's discretion

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