Personal Loan Top Up

A Personal Loan can help you meet your immediate financial requirements without any hassles. Be it home renovation, wedding expenses, travel expenses, or a medical emergency, Personal Loan can be availed instantly online without any collateral.

Although you can get the Personal Loan instantly to meet your needs, there are chances that the loan amount you availed may not be sufficient. In such a case, you can apply for a Personal Loan top-up. You can either choose to merge the personal loan Top-up with your existing loan, or avail it as a separate unit.

The personal loan top-up facility available is a reliable and flexible option to meet your financial needs. If you opt for a new loan that will cover both your existing loan amount and the top up, you will get one consolidated EMI amount comprising the entire value. Or else, if you opt to get a new loan to cover your financial requirements, you will pay separate EMIs for your existing loan and the loan Top-up.

Reasons to Apply for Top-up Loan

Apart from an existing loan, you may need a top-up loan to fulfill your financial requirements hassle-free. Here are the major reasons to apply for a top-up loan.

  • Debt Consolidation:

If a customer has multiple loans, with a top-up option he can merge all the bills into one single debt, such that the overall rate of interest gets reduced. Debt consolidation can have a positive impact on your credit score.

  • To Fulfill Other Financial Requirements:

Though you have availed a personal loan to meet your needs, sometimes you might need extra financial assistance. Top-up loan is the best option then. While your personal loan may serve one need, top-up loan will serve the others. You can choose a top-up loan from any bank and not necessarily from the lender that you chose for the personal loan. Using the personal loan balance transfer facility, you can transfer your existing loan amount, get lower rate of interest and then apply for a top up loan.

Features and Benefits of Personal Loan Top-up

If you have availed a personal loan you can consider applying for a top-up loan instead of going for a separate loan to meet your financial needs.

Let's have a look at some of the major benefits of a top-up personal loan.

  • Reduce Loan Burden

By availing a top-up loan on your personal loan you can pay off all other loans. Consolidating the loans can help minimize the overall interest cost which is the main reason opting for a top-up loan is the best option.

  • Minimal Documentation

The documentation required to apply for a top-up loan is minimal for most of the banks. Having an existing relationship with the bank makes things easier as they have the complete credit and loan repayment history of the customer.

  • Quick Processing

A bank where you have an existing relationship with processes the application for a top-up loan faster than a personal loan. Therefore, the loan amount disbursement is faster as well.

  • Interest Rate

Most banks offer attractive interest rates on personal loan top-up as compared to other kinds of unsecured loans. Thus, it’s best to opt for a top-up loan if you already have an existing loan with the bank.

  • No Collateral

Most banks do not ask for any security or collateral when they avail a top-up loan.

  • Longer Loan Tenure

When availing a top-up loan, the loan tenure depends on the outstanding balance, your repayment capacity as well as the loan amount you are applying for.

  • Available for Balance Transfer

Some banks offer a top-up loan on balance transfer. For any reason, if you're willing to change your bank, you have the option to transfer your loan to another bank.

How to Apply for a Personal Loan Top Up?

In case you are an existing customer with a bank/NBFC, you can apply for a top-up loan, in case the facility is available. If the top-up facility is not available, you can transfer your current loan to other financial institution using a balance transfer facility, and then apply for the top-up loan with them.

Personal Loan Top Up Eligibility

The eligibility criteria for top up loans vary from lender to lender. But here are some generic factors that affect the eligibility of the Personal Loan Top Up

  • Repayment Track: 

Having a good repayment history gives an assurance to the lender that you will be able to repay the loan. Since Personal loan top-up is unsecured product and no collateral is involved, the risk it encompasses also increase. Hence, having a good credit score and good repayment record is very necessary.

  • Existing Loan:

A top-up loan is the loan offered above the existing loan. Hence to apply for a top-up loan, you must have an existing loan.

Calculate personal loan eligibility with personal loan eligibility calculator.

Documents Required for Personal Loan Top Up

  • Identity Proof: Aadhaar card/PAN Card/Voter ID Card/Passport

  • Address proof: Rental agreement/Passport/Electricity or Gas bills, etc.

  • Salary slips or bank statement of last 3 months.

  • Passport-sized photographs.

Personal Loan Interest rates and fees

Avail a personal loan with enjoy complete transparency. There are no hidden charges at all. We offer these loans with low fees, competitive interest rates and nominal charges. You can know more about the fees and charges with Finserv MARKETS here.

Bajaj Finserv MARKETS iOS App Download

Apply for Instant Top-up Loan with Finserv MARKETS App

Personalized choices for Loans, Cards, Insurance, Investments & UPI Payments along with No Cost EMI offers to shop for a wide range of lifestyle products – discover more on the Finserv MARKETS App.

Top Up Personal Loan FAQs

  • ✔️What is the procedure of top up loan?

    If your current lender provides the top-up option, you can apply for the same with them else you can opt for top-up loan with balance transfer facility.

  • ✔️Can we take top up on personal loan?

    Yes, you can take a top-up on Personal Loan.

  • ✔️How much top up loan a customer can avail?

    A customer can avail a top-up loan of up to Rs. 35 Lakhs

  • ✔️What is the benefit of a top up loan?

    Top-up loan lets you fulfill your financial requirement at lower interest rate and with tax benefits.

  • ✔️Can you add to an existing personal loan?

    Yes, you can add top-up to an existing loan.

Personal Loan Reviews

Personal Loan Reviews

4.5out of 5

28 reviews

Instructive steps

The top up loan eligibility criteria was easy to fulfil. I got the loan through a few simple steps.

Simple process

The top up loan application process at Finserv MARKETS is the most convenient and easy.

Convenience at its best

When you apply for a top up loan at Finserv MARKETS, you can avail the benefit of their smooth online process from the comfort of your home.

Uncomplicated process

With a reliable platform like Finserv MARKETS, the loan top up application process is so easy.

Hassle-free process

With Finserv MARKETS, the process of getting a top up loan on personal loan is hassle free and it comes with less documentation.

Affordable Interest Rates

My top up loan application was processed by the team at Finserv MARKETS before the mentioned time for which I’m really grateful. Worth it!

Affordable Interest Rate

The feeling I got while availing a top up loan at the lowest and most budget-friendly interest rate cannot be summed up in a few words. Overall, I’d wholeheartedly recommend the services through Finserv MARKETS.

Smooth Documentation

Personal loan top up service through Finserv MARKETS is a complete online experience with less focus on documentation but more on user-friendliness.

Fast Approval

The entire procedure to apply for top up loan went quick for me with minimal documentation. 10/10

Flexible Repayment Options

I just love the fact that while going through the loan top up process, I was presented with a personalized repayment option. Awesome work!

Simple Steps

The procedure to apply for a top up loan through Finserv MARKETS is quite straightforward and user-friendly.

Compare And Get Best Deal

My top up loan application got quickly approved and I availed the best value for the deals through Finserv MARKETS by comparing offers at the website.

No Hidden Charges

It was surprising in a good way to know that there are no hidden charges while availing top up loan from Finserv MARKETS. Transparent and commendable experience!

Easy Process

Availing a personal loan top up through Finserv MARKETS was an easy task for me. I would definitely recommend it to anyone!

Easy Process

The website is user-friendly enough while applying for top up loans so much that people like me, who are not financially proficient, won’t face many issues.

Quick Response

The phrase “ Quick as Lightning” can be used to sum up my overall experience while availing a top up loan from Finserv MARKETS. Worth your time!

Quick Approval

There were no obstacles during my top up personal loan application. The entire process through Finserv MARKETS was quick and easy.

Quick Approval

There were no obstacles during my top up personal loan application. The entire process through Finserv MARKETS was quick and easy.

Quick Process

The top up loan service from Finserv MARKETS is really nice which I'd recommend to everyone without any questions. Great job to team!

Easy Eligibility

I availed a top up personal loan through Finserv MARKETS. The entire process was online and didn’t face any issues.

Good loan app

I was suggested by a family member to apply for a Bajaj Finance personal loan. I was very impressed by the various offers on personal loan. The app was great and I could access my account and track the loan status as well.

Competitive rates

Happy with the choice of personal loan online application process. My loan got approved in no time, so I’m satisfied with the service. The rate of interest was also very attractive.

Great experience

I applied for the loan on the app. The best part of the loan was only having to submit minimal documents for personal loan. It was simple for me and saved a lot of time and effort.

Superb service

This is the easiest process of loan application I’ve ever experienced. I applied for a loan on the app and my application got instantly approved.

Fast application process

I applied for a top-up personal loan on my existing loan and the process was very easy. I got the amount in less time and it was a very good experience.

Top-up Personal Loan

I applied for a personal loan top up at Finserv MARKETS and received the loan amount within a day. The eligibility criteria is simple and documents required are minimum. In all, I am happy with my experience with Finserv MARKETS.

Easy Options

The personal loan top facility available at Finserv MARKETS helped me reduce my debt burden. I was able to minimize my overall interest by consolidating all my outstanding dues. All thanks to Finserv MARKETS.

Hassle-free Online Process

I faced a financial crunch few months back, where the personal loan top up at Finserv MARKETS came to my rescue. With minimum documentation and a quick process, Finserv MARKETS makes it very simple!