How to get top up loan in hdfc

Can we take top up on personal loan?

You can apply for a top up loan from your existing lender. If you already have an active loan, and if your lender offers the option of an additional loan, you can apply for the top up loan.

How can I check my HDFC Top up loan status?

How to Check HDFC Personal Loan Status Online Using HDFC Bank Account?

1. Click on the net banking link on the official website of HDFC Bank.
2. Enter your details and log in to the website.
3. Once you have logged in, locate the ‘loans’ section on the menu bar.
4. Track Loan Application form through HDFC website.

What is the rule for top up loan?

You must have a clean repayment track record and there should be no overdue EMIs/ missed EMI payments. You should also have adequate loan repayment capacity. You should have a good CIBIL/credit score, as it points towards higher creditworthiness and a lower repayment burden.

Which documents are required for top up loan?

What are the documents required to apply for a top-up loan?

• Proof of identity: Passport, Aadhaar card, voter ID card, PAN card, driving license.
• Salary slips for 3 months (in case of salaried applicants)
• Proof of address: Rental agreement, passport, utility bills, etc.
• Income details in the bank statement for 3 months.

Is it good to take top up loan?

A top-up loan should not be taken just because it is simply available. It becomes fruitful only when you have the requirement for finance. Because a top-up personal loan could be costly, and you might end up paying additional interest on the repayment.

How many times can you top up a loan?

Yes, you can apply for a top up loan at any time; you don’t have to repay one loan before applying for another.

How do top up personal loans work?

A Top up loan meaning an extra loan is a financing option that is offered over and above the existing loan amount for products such as home loan and personal loan. The top-up loan is offered to customers who have an existing relationship with the lender, have a good credit score and have repayment ability.

What is the processing fee for top up loan?

A processing fee of 0.75% of the loan amount or ₹ 11,000, whichever is higher, will be charged to avail a Top Up loan.

When can we apply for top up loan?

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 or basis the last 12 months’ track record of the Top Up Loan being refinanced from another institution, subject to possession / completion of the …

What is top up loan with example?

Example of What is Top Up Home Loan

Suppose you took a Home Loan of Rs. 80 lakh from a finance company for 20 years. After 10 years the outstanding amount is Rs. 48 lakh, and you would be eligible for a top-up loan.