How can top up home loans help the stressed consumers

Home loans are perhaps the most crucial loans that a person takes all his/her life. But increasing property prices and interest rates have made it difficult for the borrowers to make the best out of the borrowed funds. So what can one do in such situation?

What if some one can pour some more funds just like in an empty glass? This is exactly what many banks are offering and consumers are unaware of. Top up loans offered by banks are offered to existing customers of the bank, who can avail the benefit of low interest rates attached with these loans.

StateBank of India, the country's leading lender is offereing top up loans at lower interest rates than all of its peers. A top up loan from SBI comes at 11.25% compared with 12.25% from ICICI and HDFC Bank each. The term of the loan is same as that of the original loan. Another interesting feature on top up loans is that it can be used not just for home related purpose, but for personal uses as well.