Get Top-Up Loan
The top-up loan is a financial help provided by banks or housing finance companies so that you can easily fulfil your dreams with little more financial aid. A top-up loan is a loan given by the bank over and above your home loan. Just like you top-up your mobile balance if you are running low on balance, similarly banks give top-up loans over your current balance. This might have increased your curiosity to know more about the product. Top-up loan is a facility provided by banks, housing finance companies and other financial institutions that allows you to borrow a certain amount of money over and above your home loan.
Document Required
Eligibility: The top-up loan is not available to everyone who has availed a home loan from a bank. Several factors are taken into consideration before granting the top-up loan. Banks check the repayment ability and past track records in relation to the repayment of the previous home loan. If the credit report is favourable, the banks grant the top-up loan by charging some processing fee. In some cases, banks waive the processing fee.
Tenure: The top-up loans are either given for the outstanding period of the existing home loan or for a period of 10 years. The tenure changes from bank to bank.
Interest Rates: The interest rates charged on top-up loan are slightly higher than what you pay for your home loans. This is very cheap compared to the interest rates on the personal loan.
Utilisation: You can utilise a top-up loan for purposes of modification or construction of your house or to meet your personal expenses like funding for children’s education, etc. However, you cannot utilise the top-up loan amount for speculative purposes.
Resident Type: Resident Indian
Minimum Age: 18 years
Maximum Age: 70 years
Loan Tenure: up to 30 years
Loan Amount: Click Here
*List of papers/ documents applicable to all applicants
Employer Identity Card
Loan Application: Completed loan application form duly filled in affixed with 3 Passport size photographs
Proof of Identity (Any one): PAN/ Passport/ Driver’s License/ Voter ID card
Proof of Residence/ Address (Any one): Recent copy of Telephone Bill/ Electricity Bill/Water Bill/ Piped Gas Bill or copy of Passport/ Driving License/ Aadhar Card
Permission for construction (where applicable)
Registered Agreement for Sale (only for Maharashtra)/Allotment Letter/Stamped Agreement for Sale
Occupancy Certificate (in case of ready to move property)
Share Certificate (only for Maharashtra), Maintenance Bill, Electricity Bill, Property Tax Receipt
Approved Plan copy (Xerox Blueprint) & Registered Development Agreement of the builder, Conveyance Deed (For New Property)
Payment Receipts or bank A/C statement showing all the payments made to Builder/Seller
Last 6 months Bank Account Statements for all Bank Accounts held by the applicant/s
If any previous loan from other Banks/Lenders, then Loan A/C statement for last 1 year
*Income Proof for Salaried Applicant/ Co-applicant/ Guarantor
Salary Slip or Salary Certificate of last 3 months
Copy of Form 16 for last 2 years or copy of IT Returns for last 2 financial years, acknowledged by IT Dept.
Business address proof
IT returns for last 3 years
Balance Sheet & Profit & Loss A/c for last 3 years
Business License Details(or equivalent)
TDS Certificate (Form 16A, if applicable)
Certificate of qualification (for C.A./ Doctor and other professionals)
Avail top-up loan up to Rs.10 crore with interest rates starting at 6.90% p.a. with additional benefits such as extended loan terms and flexible repayment options. Simple documentation, quick processing, and excellent customer service with a response time of 30 – 45 minutes makes BankBazaar a go-to place for all your housing loan needs.
Bank Name
SBI Home Loan
Interest Rate
8.05% - 11.85% p.a.(Floating Rate)
Processing Fee
0.35% onwards (min. Rs.2,000; max. Rs.10,000)(Processing Fee)
Loan Amount/Tenure
Loan Amount At the discretion of the bank 1-30 Years Tenure Range
Enquire
Bank Name
HDFC Home Loans
Interest Rate
8.10%* onwards (Floating Rate)
Processing Fee
0.5% or Rs.3,000 whichever is higher (Processing Fee)
Loan Amount/Tenure
Contact the bank for detailsLoan Amount1-30 YearsTenure Range
Enquire
Bank Name
Union Bank Home LoaN
Interest Rate
7.90% p.a. onwards (Floating Rate)
Processing Fee
0.50% or Rs. 15,000 Maximum(Processing Fee)
Loan Amount/Tenure
Rs. 25L MinLoan Amount1-30 YearsTenure Range
Enquire
Bank Name
PNB Housing Home Loan
Interest Rate
7.50% p.a. onwards (Floating Rate)
Processing Fee
Up to 0.5% of the loan amount (min 10,000 in both cases, excluding taxes)(Processing Fee)
Loan Amount/Tenure
Rs. Up to 90% of the cost of the propertyLoan Amount1-30 YearsTenure Range
Enquire
Bank Name
LIC HFL Home Loan
Interest Rate
6.90% p.a. onwards (Floating Rate)
Processing Fee
Up to Rs.1 Cr - 0.25% of Loan Amount, subject to maximum Rs.10,000/- (Plus GST), Above Rs.1 Cr and up to Rs.5 Crs - 0.25% of Loan Amount, subject to maximum Rs.25,000/- (Plus GST)(Processing Fee)
Loan Amount/Tenure
Rs. 30L -Rs 5Crs Loan Amount 5-30 Years Tenure Range
Enquire
Bank Name
Axis Bank Home Loan
Interest Rate
6.90% p.a. onwards(Fixed /Floating Rates)
Processing Fee
0.50% (min. Rs. 10,000)(Processing Fee)
Loan Amount/Tenure
Rs. 5L - Rs. 10 Crs Loan Amount 1-30 Years Tenure Range
Enquire
Why You Choose Us?
Banking Experience
Experience in leading Banks such as HSBC, Kotak Mahindra Bank, ICICI Bank, L&T Hosing Finance, Aditya Birla, Indusind Bank
Broader Association
Associated with Leading PSU, Private, MNC Banks and NBFCs.
Past Projects
Oberoi Splendor, Imperial Height, Windsor Lokhandwala, Address Ghatkopar, Hiranandani, Raheja Classic, Oberoi Spring, Palm Beach Wadhwa, Nri Seawood, Emerald Bay, Kalptaru, Rna Elegant
Banking Experience In Leading Banks
