Multiple banks. Different interest rates. Call it a "conflict of interest".
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    We found 31 Top up Personal Loan: Check TOP 5 Advantages

    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    11.49% - 15.99% Fixed
    0.5%
    30L Max
    1-5 Years
    Response Time Within 30 minutes
    Rs.1,000 Amazon voucher free Ad
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    10.99% - 14.49% Fixed
    0
    30L Max
    1-5 years
    Response Time Within 30 minutes
    Rs.1,000 Amazon voucher free Ad
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    12% - 18% Fixed
    Up to 1.5% One time fee
    15L Max
    1-5 years
    Response Time Within 30 minutes
    Rs.1,000 Amazon voucher free INSTANT DECISION
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    11.99% - 19.50% Fixed
    0 One time fee
    20L Max
    1-6 Years
    Response Time Within 30 minutes
    Rs.1,000 Amazon voucher free Paperless approval option available
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    13.99% - 16.99% Fixed
    1% - 2% One time fee
    20L Max
    1-5 years
    Response Time Within 30 minutes
    Rs.1,000 Amazon voucher free Paperless Approval Option Available
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    11.00% - 17.99% Fixed
    2.25% (min. ₹1149) One time fee
    20L Max
    1-5 Years
    Response Time Within 30 minutes
    Rs.1,000 Amazon voucher free Paperless approval option available
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    10.85% - 11.85% Floating
    0.5% One time fee
    50 K - 10 L
    1-5 Years
    Response Time Within 30 minutes
    Guarantor Required Paperless approval option available
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    10.99% - 19.8% Fixed
    Up to 2.5% One time fee
    25L Max
    1-5 years
    Response Time Within 30 minutes
    Paperless approval option available
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    11.99% - 19% Fixed
    Up to ₹3000 One time fee
    25L Max
    1-5 years
    Response Time Within 30 minutes
    Rs.1,000 Amazon voucher free Paperless approval option available
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    17.25% - 37% Fixed
    1.5% to 6.0% One time fee
    15L Max
    1-4 Years
    Response Time Within 30 minutes
    Paperless approval option available
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    11.49% - 20.15% Fixed
    Up to 2%
    15L Max
    1-5 years
    Response Time Within 30 minutes
    Rs.1,000 Amazon voucher free
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    11.5% - 13.25% Fixed
    0 One time fee
    30L Max
    1-5 Years
    Response Time Within 30 minutes
    Rs.1,000 Amazon voucher free
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria

    Top up Personal Loan: Check TOP 5 Advantages is Rated as "Great!" by 75920 Users

    Fees & Charges

    Promised Interest Rate

    Customer Service

    Responsiveness

    Personal Loan BYTES FROM OUR KITCHEN

    What is Top up Personal Loan?

    Top up Loans enable customers to take out a loan in addition to their existing home loan. Customers who have already taken out a loan from a particular bank may apply for top up loan as non-banking and banking financial institutions both offer the same with a tenure of 15 to 20 years. Top up loans are a great way for borrowers to overcome their financial concerns regardless of the purpose of taking out the loan.

    To be eligible for a Top up Loan, applicants are required to possess a decent repayment history. However, even if you meet the eligibility criteria, it is the bank/lender that ultimately decides whether or not you are eligible for a top up loan. The lender also investigates the reason why you are taking the loan in addition to running some verification checks to decide whether or not your application can be considered.

    Reasons for taking out a Top up Personal Loans

    There can be several different reasons why an individual may want to take out a top up loan. Here are a few:

    • Home renovation
    • For use as personal loan
    • For the purchase of land or a plot
    • For the purchase of another property
    • For buying consumer durable products
    • To meet business requirements
    • For children’s education/marriage
    • To meet medical expenses

    Advantages of Top up Personal Loan

    Tax benefits

    Tax benefits can be availed on top up loans provided the amount sanctioned by the lender is utilised for the purchase of a house (principle + interest). Tax benefits can also be availed if the funds are used to renovate your house. Tax benefits are not applicable to customers who use the funds for any other reasons apart from the aforementioned two.

    Interest rates

    The interest rates for top up loans are usually between 1.5% and 2% more than the interest rates of home loans, meaning that the ultimate interest rates for top up loans could range between 11.5% and 14%.

    No Security Needed

    Most lenders grant top up loans to customers without requesting any asset as collateral owing to the fact that it has been sanctioned to you after you already took out a home loan with the bank. The customer’s documents are still with the bank, and even if the customer closes the initial home loan, they will have to close their top up loan as well prior to requesting their original house papers from the lender.

    Loan amount

    Usually, top up loans sanction amounts that are less than the value of the initial home loan. The upper limit is determined by the bank and generally ranges between 15 and 40 lacs. For instance, if you had taken out a home loan worth Rs. 25, 00,000, the amount of money you borrow on the top up loan cannot exceed that sum.

    Processing fees

    Most lenders charge processing fees before the approval of the loan. The processing charges are generally the same as the processing fees charged on their initial home loan. For example, if the processing fees charged on the initial home loan is 0.75% or Rs. 2000, the charges on the top up loan will be whichever more is.

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  • Top up Personal Loan Reviews

    • ICICI Bank Personal Loan
      "Its GOOD"
      0.5 3.0/5 "Satisfactory"
      I have cancelled ICICI personal loan because I was holding my salary account with Standard Chartered bank. Hence I thought to process the loan with existing bank to make process easier. Therefore I didn't avail the personal loan from ICICI but it is good.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jun 22, 2017
    • Bank Bazaar Customer Support
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      Bankbazaaar.com is really good one and am using it for the second time, also I took some insurance policies with them before. Online portal of the Bankbazaar.com is easy to access, also comparison can be done on immediate basis.
      Was this review helpful? 0
      , pune
      Reviewed on Jun 22, 2017
    • Standard Chartered Bank Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      Experience was good with the Standard chartered bank to get the personal loan. Service aspects are really good. The loan amount got disbursed to my account within a week of time. Services are really fine one for me but the branches are lesser one with them. Rate of interest was not at all the constraint, also I can say it was good one.
      Was this review helpful? 0
      , pune
      Reviewed on Jun 22, 2017
    • Bank Bazaar Customer Support
      "Overall good"
      0.5 4.0/5 "Great!"
      The overall experience was nice at Bankbazaar. I received a immediate response and the process was quick as well. I did not get the loan account number from the bank and I called this portal but at that point of time they could not help me with the bank contact. They need to have a proper tab on the aggregation and all the details of the banks should be made more transparent.
      Was this review helpful? 0
      , navi mumbai
      Reviewed on Jun 22, 2017
    • Standard Chartered Bank Personal Loan
      "Be more clear in details"
      0.5 4.0/5 "Great!"
      The overall experience was good and quick. But there was a lacking of clarity as I did not know the loan account number for a long time and there was no point of contact as well. The rate of interest was of 11.99% with a zero processing fees. SCB needs to be more transparent in the personal loan details.
      Was this review helpful? 0
      , navi mumbai
      Reviewed on Jun 22, 2017
    • Bank Bazaar Customer Support
      "Financial advisor"
      0.5 4.0/5 "Great!"
      I got good response from Bank Bazaar, As soon as posted my loan request I got a response on the same day from them, to submit the documents to the bank. I came to know about Bank Bazaar through Google search. Everything fine, but would be great, if the provide proactive response to the customer.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 22, 2017
    • Bank Bazaar Customer Support
      "Financial advisor"
      0.5 4.0/5 "Great!"
      I got good response from Bank Bazaar, As soon as posted my loan request I got a response on the same day from them, to submit the documents to the bank. I came to know about Bank Bazaar through Google search. Everything fine, but would be great if they provide service to the customer.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 22, 2017
    • ICICI Bank Personal Loan
      "Response part has to be improved."
      0.5 3.0/5 "Satisfactory"
      I am unhappy with ICICI banking service, without my intimation ICICI closed my personal loan application. I tried reaching the bank, but unable to contact them. I have submitted all of my documents to ICICI but no response. They should improve on the response part and they should provide a better service too.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 22, 2017
    • Bank Bazaar Customer Support
      "Provide follow ups"
      0.5 3.0/5 "Satisfactory"
      There was a initial response from Bankbazaar after I registered my details on the website. They contacted me and processed my information. The website is good and it is easy to navigate through the details. It would have been better if there were follow up calls were continuous and they co-ordinate more with the banks.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jun 22, 2017
    • Capital First Personal Loan
      "Not Satisfactory"
      0.5 2.0/5 "Expected more"
      After me applying with Capital first for the personal loan. I got no response from them to inform me about the documentation process or to check on my requirement. So I could not proceed with them, later they cancelled my application. Not a good experience in all.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jun 22, 2017
    • HDFC Bank Personal Loan
      "Hassle free experience"
      0.5 4.0/5 "Great!"
      HDFC done very fast personal loan process, within two to three days they have sanctioned the loan and they have fulfilled my requirement. I was looking for Rs.10 lakhs of loan amount, HDFC offered me the same for the tenure of five years and with the interest rate around 11% its good.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 22, 2017
    • Bank Bazaar Customer Support
      "One stop solution"
      0.5 4.0/5 "Great!"
      Bank Bazaar is providing immediate action on customer's request, I could find various offers on the site. It make my job easier. I got very good response when I approached Bank Bazaar for the personal loan. Even I felt the user interface of Bank Bazaar is good.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 22, 2017
    • Tata capital Personal Loan
      "Dissatisfed service"
      0.5 2.0/5 "Expected more"
      TATA Capital could not processed my loan, their customer service is good. I have requested the amount of Rs.10 lakhs but they ready to sanction amount of Rs.4 lakhs, I felt its not sufficient hence I asked them to close the application, but their interest rate is nominal.
      Was this review helpful? 0
      , chennai
      Reviewed on Jun 22, 2017
    • Axis Bank Personal Loan
      "Excellent deal on the ROI"
      0.5 4.0/5 "Great!"
      My personal loan is from Axis Bank and it was a smooth process for me. The documentation was on time and the disbursement as well. The interest rate is around 11.39% which is one of the best rates currently in the market. The processing charges was normal too. There is a part payment facility which can be used after a month.
      Was this review helpful? 0
      , pune
      Reviewed on Jun 22, 2017
    • Bank Bazaar Customer Support
      "Good Service"
      0.5 5.0/5 "Blown Away!"
      I got a promotional mail and I have downloaded the bank bazaar mobile application. I have applied personal loan through the mobile application. I received a call within 5 minutes from the bank bazaar executives. The mobile application with bank bazaar is really easy to use and customer friendly. The service with bank bazaar has satisfied me.
      Was this review helpful? 0
      , guntur
      Reviewed on Jun 22, 2017
    • ICICI Bank Personal Loan
      "Reduce the processing fee"
      0.5 4.0/5 "Great!"
      I have closed the personal loan with the ICICI bank and the interest rate was around 13.45%. Customer service was really good, also they have cleared my doubts and confusion. Break up is clear with the ICICI bank and the processing charges were really huge.
      Was this review helpful? 0
      , guwahati
      Reviewed on Jun 22, 2017
    • Bank Bazaar Customer Support
      "Satisfactory"
      0.5 4.0/5 "Great!"
      The services at Bankbazaar was very much satisfactory. It was a quick response and I am happy with the website. It would have been better if there are more than one bank offered as I was given only one bank. If there are multiple banks I will have options to choose from.
      Was this review helpful? 0
      , pune
      Reviewed on Jun 22, 2017
    • ICICI Bank Personal Loan
      "Average Service"
      0.5 2.0/5 "Expected more"
      The ICICI bank executive gave a call and told that I need to have minimum salary of 25k, but I am getting only 20k that was reason I haven't proceed with ICICI personal loan. The rate of Interest is nominal when compared with others. The customer service and the response was average with ICICI bank.
      Was this review helpful? 0
      , guntur
      Reviewed on Jun 22, 2017
    • Standard Chartered Bank Personal Loan
      "High on ROI & charges"
      0.5 3.0/5 "Satisfactory"
      The response was on time from Standard Chartered Bank after I applied for a personal loan. The team informed me about the details and the process. I did not go ahead because they offered me a higher rate of interest and the other charges was high too. I was offered a rate of 12%.
      Was this review helpful? 0
      , pune
      Reviewed on Jun 22, 2017
    • Bank Bazaar Customer Support
      "Excellent services"
      0.5 5.0/5 "Blown Away!"
      Bankbazaar was top in the customer services as they were immediate to respond to my application. The website is good and it is created well so anybody can access it with ease. The details are very informative and there were a number of follow up calls too.
      Was this review helpful? 0
      , new delhi
      Reviewed on Jun 22, 2017
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