A Top Up Personal Loan is an additional loan offered over and above the existing personal loan amount. It is offered to those customers who have an existing personal loan account with the lender, have a good repayment ability, and have been repaying the existing loan diligently for at least the last 1 year. You can get up to Rs. 40 Lakhs under top up loan.
Various banks and NBFCs (non-banking financial companies) offer personal loan top up. Here are the top up personal loan interest rate details of some of the top lenders in India:
Bank Name | Rate of Interest (p.a.) | Minimum Loan Amount | Maximum Loan Amount |
ICICI Bank | 10.50% - 19% | Rs. 50,000 | Rs. 25 Lakhs |
HDFC Bank | 10.50%-21% | Rs. 50,000 | Rs. 40 Lakhs |
SBI | 10.70% - 15.65% | Rs. 24,000 | Rs. 20 Lakhs |
Bank of Baroda | 10% - 15.60% | Rs. 50,000 | Rs. 10 Lakhs |
IDFC FIRST Bank | 10.49% - 22% | Rs. 20,000 | Rs. 40 Lakhs |
Kotak Mahindra Bank | 10.25% - 24% | Rs. 50,000 | Rs. 20 Lakhs |
Axis Bank | 12% - 21% | Rs. 50,000 | Rs. 15 Lakhs |
Also Check: Cibil score required for personal loan
Additional Info: SBI Overdraft Facility in detail.
Interest Rate | 10.50% - 19% |
Minimum Loan Amount | Rs. 50,000 |
Maximum Loan Amount | Rs. 25 Lakhs |
Benefits
Interest Rate | 10.50% - 21% |
Minimum Loan Amount | Rs. 50,000 |
Maximum Loan Amount | Rs. 40 Lakhs |
Benefits
Interest Rate | 10.70% - 15.65% |
Minimum Loan Amount | Rs. 24,000 |
Maximum Loan Amount | Rs. 20 Lakhs |
Benefits
Interest Rate | 10% - 15.60% |
Minimum Loan Amount | Rs. 50,000 |
Maximum Loan Amount | Rs. 10 Lakhs |
Benefits
Interest Rate | 10.49% - 22% |
Minimum Loan Amount | Rs. 20,000 |
Maximum Loan Amount | Rs. 40 Lakhs |
Benefits
has lowest Interest Rate | 10.25% - 24% |
Minimum Loan Amount | Rs. 50,000 |
Maximum Loan Amount | Rs. 20 Lakhs |
Benefits
Interest Rate | 12% - 21% |
Minimum Loan Amount | Rs. 50,000 |
Maximum Loan Amount | Rs. 15 Lakhs |
Benefits
A top up personal loan is offered to those borrowers who have an active existing personal loan account. It can only be availed after repaying the existing loan for a certain time specified by the lender. The time is usually 9 to 12 months.
You can get a top up loan of up to Rs. 40 Lakhs, depending on your requirement, eligibility and lender’s policy.
A top-up loan usually comes with a lower rate of interest, requires minimal documentation and also has a quick processing time in comparison to a new personal loan. If you already have availed a personal loan from a lender, applying for a top-up loan is more sensible. However, if you don’t have any existing personal loan account, getting a new personal loan is the only option.
Yes, you can get tax benefits on top up loans if the amount is used for the purchase of a house (principal and interest).
A top up loan means an additional loan offered over and above the existing personal loan amount.
If you are seeking HDFC personal loan top up online apply through its website. You can also call at the bank’s customer care number.
You can get maximum Axis Bank top up loan of up to Rs. 15 Lakhs
Interest rates applicable on ICICI personal loan top up vary between 10.50% to 19% p.a.
Yes. Many customers are satisfied with HDFC top up loans. You can also check HDFC top up personal loan review online to know the feedback of customers.
You can avail a minimum of Rs. 20,000 under IDFC top up loan.
Yes, you can get Bajaj top up loan of up to Rs. 25 Lakhs after completing 12 EMIs of your existing personal loan at Bajaj Finserv. You can get funds disbursed to your account on the same day on successful approval.
Yes. Indiabulls offer Dhani top up loan through its app called Dhani.