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About LAP Top Up Facility

Do you need to borrow additional funds on top of your ongoing Loan Against Property? Through a mortgage loan top-up facility, you can take another loan along with your current loan and use the funds to fulfill your personal financial needs.

Tata Capital's LAP top-up facility allows existing customers to exclusively avail of a loan over and above the existing mortgage loan. You can take a loan of 100% or more of the current loan amount.  With this hassle-free top-up loan, you can access funds immediately and use them for your personal needs, such as medical emergencies, home renovation, and more. 

  • Minimum Loan value

    1 Lac

  • Maximum Loan value

    3 Crore

  • Loan Tenure

    Up to 15 years

  • Interest rate starting @

    9%* p.a. onwards

Why Choose Tata Capital for a loan against property Top Up Facility?

  • A quick and easy loan approval process

    If you are an existing customer, your creditworthiness has been assessed and verified. So, you are already qualified for a top-up loan. 

  • A high loan amount

    You can borrow 100% or more of your current loan amount on top of your existing loan. 

  • Attractive interest rates

    Loan against property top-up loans offer you the same attractive rates of interest as your ongoing loan. However, you can negotiate for even lower interest rates. 

  • Long loan tenure

    The loan tenure of the mortgage top-up loan is based on the tenure of the original home loan. You can enjoy a tenure of up to 15 Years if you take a mortgage loan top-up.

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Eligibility Criteria for LAP Top Up Facility

 

Top Up Eligibility for Salaried Individuals

  • You should be employed for a minimum of three years in any of the following: an MNC, public ltd. firm, private ltd. company, PSU, state government institution, or a central government institution.
  • At the time of application, you must be at least 23 years old
  • At the end of tenure, you can be up to 65 years of age or retirement age, whichever falls first before the date of loan maturity.
  • The Monthly Net Income must be at least 15,000

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