Extra Funds, Simple Process, Maximum Convenience
Whether it’s covering medical emergencies, renovating your home, paying education fees, or handling any urgent need, Mera Loan Doctor makes getting a Loan Top-Up quick and hassle-free. With your existing loan history and our strong network of 100+ banking partners, you enjoy faster approvals, attractive interest rates, and flexible repayment options—so you can access extra funds without starting a new loan.
Features of Personal Loan Top-Up
- Additional loan facility available to existing personal loan customers.
- Quick approval since your existing loan history is already with the lender.
- Flexible usage – can be used for medical expenses, home renovation, education, travel, or emergencies.
- Usually has the same tenure as your existing personal loan.
- Interest rates often similar to or slightly higher than your existing personal loan.
Loan Top-Up Eligibility
- You must have an existing active personal loan with the lender.
- A clear repayment track record (no missed or delayed EMIs).
- Minimum number of EMIs already paid (generally 12 months, varies by lender).
- Your income and credit profile should meet the lender’s updated criteria.
- Sufficient repayment capacity based on debt-to-income ratio.
Documents required to apply for Loan Top up
- Loan account details of your existing personal loan.
- Latest salary slips (for salaried individuals).
- Updated bank statements (generally last 3–6 months).
- Address and identity proof (Aadhar, PAN, Passport, Driving License, etc.).
- Any additional documents as requested by the lender for verification.
Fees and Charges for Loan top up
- Processing fee (generally 1–2% of the top-up loan amount).
- Documentation or administrative charges (if applicable).
- Prepayment or foreclosure charges may apply as per lender policy.
- GST and other statutory taxes on applicable charges.
- Interest rate on the top-up loan (varies by bank/NBFC).
Faq's for Loan Top up
What is a loan top-up?
A loan top-up is an additional amount you can borrow over and above your existing personal loan.
Do I need to apply separately for a top-up?
Yes, you need to apply with your existing lender, but the process is usually faster and simpler.
Is the interest rate same as my original loan?
It is often similar, though some lenders may charge slightly higher rates for the top-up portion.
Can I take a top-up loan from another lender?
No, a top-up facility is provided only by your current lender on your existing loan.
How quickly can I get the loan top-up?
In most cases, disbursal happens within a few working days if documents and eligibility are in order.