Easily Avail
Top Up On Your
Existing Loan

  • You can avail a top-up loan, to meet financial needs, equal to or greater than the originally sanctioned loan amount.
  • The process of availing the loan is almost the same as availing a new loan which means submitting of latest KYC documents (PAN, proof of identity and address), income proof and employment proof.
  • Note in case of top up loan, the interest rate may be slightly on the higher side.

Features & Benefits

Consolidated EMIs

This means you can combine all your loans and use the top-up loan amount to close the other loans running at a high rate of interest. This allows you to manage your payments better as you do not have to remember separate payment dates.

It is hassle-free

This kind of a loan will only be extended if you are an existing loan borrower at the same financial institution. And therefore, there is no need for you to go through the rigorous documentation process as most of the property papers are already lying with the lender.


The top-up loan is available for a time period of up to 20 years or until the balance tenure of the original loan and hence is longer as compared to the tenure of a personal loan, car loan or Gold loan.

Interest rate

The interest rates of the top-up home loan are lower as compared to the rates of credit cards, personal loans or car loans.


  • Already have an existing loan
  • Property value and income will be evaluated
  • Your EMI repayment record of past one year should be good enough.
  • Timely payments should be made
  • The credit bureau report must be in your favor

Frequently Asked Questions!

A. Minimum Loan amount: –

  • Term Loan: Rs 25,000
  • Overdraft: Rs 5.00 lacs: The Overdraft will be subject to monthly reduction in Drawing Power so that Drawing Power becomes NIL in 72 months

B. Maximum Loan amount: –

Rs 20.00 lacs subject to 24 times Net Monthly Income (NMI) and applicable EMI/ NMI = 50% for all categories [except employees of Govt. Aided Schools where it is 12 times Gross Monthly Income (GMI)]

No, spouse income cannot be added for calculating loan amount. However, if eligible, spouse may apply for another loan separately.

You will need to furnish only the following documents along-with Loan Application Form:

  • Latest passport size photographs – 2
  • Copy of identity card issued by the employer
  • Bank account
  • Last 6 months’ salary slip or latest Form 16 (in case of Income Tax Payee)
  • (a) Permanent Account Number (PAN).
    (b) At least one copy of the Officially Valid Documents (OVDs) mentioned below, as proof of identity and current address:
    1. Passport
    2. Driving license
    3. Proof of possession of Aadhaar Number
    4. Voter’s Identity Card issued by Election Commission of India
    5. Job card issued by NREGA duly signed by an officer of the State Government
    6. Job card issued by NREGA duly signed by an officer of the State Government
    7. Letter issued by the National Population Register containing details of name and address

The maximum repayment period is of 6 years or remaining period of service (whichever is lower).

EMI stands for Equated Monthly Instalments. This instalment comprises both principal and interest components. Use the EMI calculator to find out your monthly payments based on the loan amount, the rate of interest and the repayment period. Choose the combination that best meets your financial resources and requirements.

  • Any prepayment of EMIs in full or in part and closure of account before the end of term will attract the prepayment charges of 3% on prepaid amount
  • No prepayment/ foreclosure charges will be applicable if the account is closed from the proceeds of a new loan account opened under the same scheme
  • Processing fee is 1% of the Loan Amount + applicable GST (Min. Rs 1000 plus GST, Max. Rs 10000 plus GST) [waived/ discounted for certain category of customers]
  • Applicant will also be liable to bear the actual expenses pertaining to Stamp duty as per State Stamp Act. There are no other hidden charges.Applicant will also be liable to bear the actual expenses pertaining to Stamp duty as per State Stamp Act. There are no other hidden charges
  • On an annual reducing balance method, you will continue to pay interest on amounts you repay during the coming one year as the interest for the year is determined on the basis of the balance outstanding at the beginning of the year.
  • In the case of the daily/ monthly reducing balance, which is the methodology we employ, your interest is calculated only on the outstanding loan amount, which reduces every time you pay off your EMIs or make any prepayments. This in essence lowers your effective rate of interest significantly.