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A Top Up Loan is an additional loan
provided by a housing finance company on an existing home loan, with minimal new
documentation.
Sometimes dreams need a little extra help. With HDFC's Top Up Loans you can celebrate your
personal or professional milestones such as marriage, a dream vacation, business expansion,
debt consolidation etc. Let your dream fuel more dreams.
A Top Up Loan is an additional loan
provided by a housing finance company on an existing home loan, with minimal new
documentation.
Sometimes dreams need a little extra help. With HDFC's Top Up Loans you can celebrate your
personal or professional milestones such as marriage, a dream vacation, business expansion,
debt consolidation etc. Let your dream fuel more dreams.
21-65 years
Salaried / Self Employed
Resident Indian
All Genders
Adding Co-Applicant helps in maximizing the loan amount.
Adding Women Co-Owner helps in getting better interest rate.
All co-applicants need not be co-owners. Generally co-applicants are close family members.
Top Up Loans can be availed for personal and professional needs(other than for speculative purposes) like marriage, Child's education, business expansion, debt consolidation etc.
All customers with an existing Home Loan, Home Improvement Loan or a Home Extension Loan can apply for a Top Up Loan. New customers availing of our Balance Transfer loan can also additionally avail a top up loan from HDFC. You can apply for a Top Up Loan after 12 months' of the final disbursement of your existing Home Loan and upon possession / completion of the existing financed property.
The maximum Top Up Loan that you can avail of is equivalent to your originally sanctioned loan amount of all the Home Loans put together orRs.50 lacs, whichever is lower. This is further subject to the cumulative outstanding loans plus the Top Up being offered not exceeding an overall cap of 80% for cumulative exposure up toRs.75 lacs & 75% if the cumulative exposure is overRs.75 lacs of the Market Value of the mortgaged property, as assessed by HDFC.
You can avail a top up loan for a maximum term of 15 years or till your age of retirement ,whichever is lower.
Security of the loan would generally be security interest on the property being financed by us and / or any other collateral / interim security as may be required by us.
Yes. Top loan can be availed in addition to a balance transfer loan from HDFC.
You can find a checklist regarding documents required and applicable fees & charges on https://www.hdfc.com/checklist#documents-charges
