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Get hassle-free additional funds with HDFC Bank’s quick personal loan top-up service.
With an HDFC Bank Top-up personal loan, you can get additional funds over your existing loan without the need for fresh documentation or a lengthy application process. It is a convenient way to meet both ongoing and additional financial needs, especially when your existing loan falls short.
If you already have an HDFC Bank Personal Loan, you can apply for an HDFC Bank Top-up Personal Loan to borrow extra funds over your existing loan. It lets you increase your loan amount without applying for a fresh loan.
You can use this amount to cover unexpected expenses, pay off other debts, or meet personal goals.
The following table mentions the HDFC Bank Top-up loan interest rate and other details:
Particulars |
Details |
|---|---|
Interest Rate |
Starting from 10.90% |
Maximum Amount |
₹40 Lakhs |
Maximum Tenure |
60 Months |
*Disclaimer: The mentioned details are subject to change at the lender's discretion.
The HDFC Bank loan Top-up charges are mentioned in the given table:
Charges |
Details |
|---|---|
Processing fee |
Flat fee starting from ₹6,500 + taxes |
Foreclosure fee |
Up to 4% |
*Disclaimer: The mentioned details are subject to change at the lender's discretion.
You may get an extended repayment tenure when you opt for a top-up loan. However, the new tenure cannot exceed the standard five-year limit for personal loans.
If you have been making timely EMI payments on your existing loan, the lender may offer you a lower interest rate on the top-up loan. This helps reduce your overall borrowing cost.
Just like your original personal loan, the top-up loan is unsecured. You do not need to provide any collateral to access additional funds.
Lenders do not place any restrictions on how you use the top-up loan amount. You are free to use the funds for any personal need without mentioning the reason.
You must meet the following requirements to be eligible for a HDFC Bank Top-up Personal Loan:
You must have completed at least 6 EMI payments on your existing personal loan
You should have a good credit score
You need to demonstrate strong repayment ability
Here is a table with the documents you need for a personal loan top-up at HDFC Bank:
Documents |
Salaried Individuals |
Self-employed Individuals |
|---|---|---|
Identity and Address proof |
|
|
Income proof |
|
|
You can apply for the HDFC Bank Top-up personal loan through various methods given below:
One of the most convenient ways to apply for an HDFC Bank personal loan Top-up is through the bank’s official website or mobile app.
Visit the official HDFC Bank application page.
Log in using your registered mobile number or Customer ID.
Fill out the online form and upload any required documents.
Submit the application
If you prefer in-person assistance or need help with paperwork, visiting the nearest HDFC Bank branch is another way to apply for a personal loan top-up. Carry your valid ID proof, address proof, and details of your existing personal loan.
Visit the branch and talk to a representative.
The person will guide you through the process.
Fill out the application form.
Submit the form and wait for the loan approval.
You can also apply for a personal loan Top-up by calling HDFC Bank’s customer care:
Dial the customer care from your registered mobile number at 1800 1600 or 1800 2600
Provide your existing loan account details and inquire about the top-up loan
They will guide you through the next steps
You can easily transfer your personal loan to HDFC Bank with the given steps:
Step 1: Approach HDFC Bank with your request to transfer the personal loan
Step 2: HDFC Bank will take over the outstanding loan from your current lender and offer you a new loan with competitive interest rates
A Top-up loan and a fresh personal loan from HDFC Bank serve different needs and come with distinct features. Here’s a detailed comparison:
Top-up loans may or may not come with lower interest rates compared to fresh personal loans. The rate offered depends on factors such as your credit score, repayment history, income, and the lender’s current policies.
In some cases, a fresh personal loan might offer competitive rates, especially during special offers or promotions.
Both Top-up loans and personal loans from HDFC are unsecured, meaning no collateral is required. However, a Top-up loan is offered based on your existing loan relationship and repayment history, which can make the process smoother and may bring better terms.
Top-up loans require minimal documentation, such as ID proof, salary slips, and bank statements, along with at least six completed EMI payments. If pre-approved, the disbursal can happen within minutes to hours. A fresh personal loan, however, may involve slightly more paperwork and a longer processing time.
A regular personal loan offers flexible repayment tenures of up to 60 months (5 years). A Top-up loan, on the other hand, usually aligns with the tenure of your existing loan. This can allow for a longer overall tenure, helping lower your EMI burden.
Top-up loans used for home renovation or repairs may qualify for income tax deductions on interest under Section 24 of the Income Tax Act. Standard personal loans usually do not offer tax benefits, except in specific cases like education or home renovation, subject to conditions and proper documentation.
Refer the table below:-
Partner Name |
Min Interest Rate |
Max Tenure |
Processing Fee |
|---|---|---|---|
10% p.a. |
96 months |
Up to 3.93% of the loan amount |
|
2.79% p.m. |
18 months |
Up to 5.5% of the personal loan amount + GST |
|
11% p.a. |
48 months |
0.70% to 2.80% of the loan amount + 18% GST |
|
14% p.a. |
36 months |
Up to 2% of the loan amount |
|
15.95% p.a. |
60 months |
Up to 3% of total loan amount |
|
18% p.a. |
42 months |
2% to 6% of the loan amount + GST |
|
16% p.a. |
60 months |
2%-5% on the sanctioned amount |
|
14% p.a. |
24 months |
3% - 5% of the loan amount |
|
10.99% p.a. |
72 months |
Up to 1.10% - 1.50% of the loan amount + GST |
|
14% p.a. |
24 months |
Up to 3% of the loan amount |
|
12% p.a. |
48 months |
Up to 2% of loan amount + GST |
|
18% p.a. |
36 months |
5% to 10% of the loan amount |
|
1.33% p.m. |
60 months |
Starting from 2% of the approved loan amount |
|
24% p.a. |
90 days |
₹50 to ₹200 + 18% GST (depending on the loan amount with a maximum APR of 48%) |
|
14.50% p.a. |
60 months |
2% to 4% of the loan amount |
|
18% p.a. |
12 months |
2% - 12% of the loan amount |
|
15% p.a. |
60 months |
2% - 2.5% of the loan amount + GST or ₹500 + GST (whichever is higher) |
|
9.99% p.a. |
60 months |
1%-3% of the loan amount +GST |
|
12% p.a. |
60 months |
0% - 6% of the loan amount |
|
18% p.a. |
36 months |
Up to 4% of the loan amount |
|
12.50% p.a. |
72 months |
Up to 2.75% of the loan amount |
|
18% p.a. |
12 months |
2% to 6% of the loan amount |
Yes, you can apply for a top-up on your existing HDFC Bank Personal Loan. You can do this online through the bank’s website or by visiting your nearest branch.
Yes. Top-up loans are available for existing HDFC Bank Personal Loan customers. If you have made timely EMI payments, the bank may even offer you better interest rates on the top-up.
To be eligible, you must have completed at least six EMI payments on your current personal loan, have a good credit score, and demonstrate a strong repayment capacity.
Interest rates for HDFC Bank Top-up Loans start from 10.90% per annum. The final rate depends on your profile and the bank’s terms.
No, top-up loans from HDFC Bank are only available to existing HDFC Bank loan customers. If your loan is with another lender, you would need to first transfer your loan to HDFC Bank before applying for a top-up.
Yes, your EMI may increase after taking a top-up loan, as the overall loan amount goes up. Make sure you assess your repayment capacity before applying.
Yes, you can prepay or foreclose your HDFC Bank Top-up Loan. Foreclosure charges typically range from 2% to 4% of the outstanding principal amount.
Defaulting on your top-up loan can lower your credit score and may lead to legal recovery actions by the bank. You may also face follow-up calls and visits from recovery agents.
No, you do not need a guarantor for an HDFC Bank Top-up Personal Loan. These loans are unsecured, requiring no collateral or guarantor.
The amount you can get depends on your profile and other eligibility criteria. A top-up loan lets you borrow an additional amount, provided it falls within the overall loan limit set by the lender.
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