A top up Loan is an additional credit facility lending institutions provide to their existing borrowers over their per-existing credit advances. Nevertheless, individuals can experience emergency liquidity at any stage for home construction or refurbishing during their repayment period due to price hikes.

• The construction expenses surmounted by 12% in 2021 than the past year
• Labour charge for construction also has encountered a steep rise of 20%

Individuals can reduce their financial shortage through this top up loan to meet the escalated budget. However, they must know why they should opt for liquidity through this credit facility instead of getting a new loan.

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