When purchasing a new house, you can avail loan from banks financial institutions and home finance companies. Home loans are easily available and can be paid over a period of time in monthly installments.
Banks, financial institutes and home finance companies provide an easy option of availing additional loan on existing home loan, which can be used to meet expenses towards repair of house, repair, purchase of furniture, fixtures etc. The interest rates charged on Top-up loans is generally approx 2% higher than the housing loan rates.
If you have purchased your house from your own sources and over a period of time you want to get it financed then you can avail this option. Refinance option is available only within six months of getting property registered. Refinance is available at the home loan interest rates.