Need A Financial Product Forums Loans Help me in taking decision of borrowing 2 home loans

This topic contains 1 reply, has 2 voices, and was last updated by  Deepak Chaudhary 2 years, 8 months ago.

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  • #48340

    I have an outstanding home loan for my 1st house. This loan was taken from Axis Bank. I am planning to purchase 2nd house by taking another housing loan. Do I need to repay the first loan before applying for the second loan or both can continue together? Should I apply for loan with Axis Bank or with any other bank?

    #48341

    Anant Kumar
    Member

    If you meet bank’s eligibility criteria on your income and other factors for your 2nd loan, then you can borrow without repaying 1st loan. If your requirements permit then you can also apply for top-up loan with Axis Bank.

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