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What is the criteria to take top up home loan?

A Top Up Loan is a type of loan that can only be applied over and above the existing Home Loan or personal loan. As you are an existing customer, you have already fulfilled the eligibility criteria and submitted the documents to the lender. So, while applying for a Top Up Loan, the lender will check your eligibility whether you will be able to repay the loan properly or not. There are no such specific documents that you need to submit in a top-up loan. The basic documents that lenders demand while applying for any loan are:

  • Passport sized photograph

  • KYC documents

  • Identity Proof

  • Address Proof

  • Signature Proof

  • Form 16 or latest pay slips

  • Bank account statements for last 6 months

If you already have a Home Loan, you have started repaying the loan and then realise that you need more money, you can apply for a top-up loan. A Top Up Loan can be used for a home renovation, funding a wedding, paying for higher studies or for some other reasons.

A Top Up Loan is usually available to salaried individuals. The benefits of a top-up loan are tax deduction, lower rate of interest, simple online application process, and fast online approvals.



 1 Replies

amit mehta

amit mehta (Accounts Officer)     28 April 2018

first of all how much amount you require for top up of home loan. Bank will check the loan eligibilty for home loan top up. 


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