Tax savings: Home loan top up could be the cheapest loan available for you
Home loan being a secured loan, is known to offer one of the lowest interest rate when compared to other loans. Home loan top-up comes with a marginally higher interest rate but it is still significantly cheaper than most other options. Moreover, this top-up loan is also eligible for tax deductions which bring down your cost of loan further. There are many other advantages of a top-up home loan.