Applying for a home loan over an existing personal loan means applying for a top-up loan. Let us talk about the second part of your question. Is it a good idea to get a top-up loan? Well, it depends on your financial appetite, CIBIL scores, and how well you have been paying your EMIs. When it comes to applying for a top-up loan, the usual procedure goes like this,

1. To apply for a top-up loan, you must submit or upload the required documents. After that, the lender will verify the documents and checks the eligibility.

2. Once the eligibility is established, the lender further checks your credit scores and repayment history. After this information is verified, the loan is disbursed.

It is essential to know that the top-up loan process will vary with each bank and financial institution. The best way to acquire a top-up loan is to leverage online loan aggregators like KuberX. As a technology-driven platform, KuberX enables customers to compare home loans and top-up loans offered by different banks and NBFCs and choose the suitable one for them. It is a hassle-free way to apply for an online home loan. If you are interested in buying a top-up or home loan, KuberX is your answer.