Use the loan for multiple purposes
You can avail a Top-up Loan for the following requirements:
- For construction of residential / commercial premises – Permitted
- For personal requirement and business purpose – Permitted subject to conditions as mentioned in the affidavit
You cannot avail a Top-up Loan for the following requirements:
- For purchase of another residential / commercial premises – Not permitted
An undertaking cum affidavit to be collected from the borrower specifying the end use of the loan and that the loan shall not be used for any speculation, illegal activities, litigation or any other notorious activities.