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A top-up Loan is the additional limit offered by the mortgager against the existing home loan for fulfilling a host of requirements like home renovation, marriage expenses, business expansion, funding of a child’s higher education, or any other personal need subject to the availability of market value and repayment history.

Customers who have availed a home loan (HL) and have a regular repayment history of at least 12 months, including both principal and interest, can avail of a top-up home loan. This facility is provided to those who have demonstrated consistent responsibility in managing their loan, reflecting their reliability and eligibility for additional funds through a top-up.

Yes, you can avail of a top-up loan along with a home loan balance transfer in the realm of housing finance. When you opt to transfer your existing home loan to a new lender for better interest rates or terms, it's referred to as a balance transfer. During this process, many financial institutions allow you to apply for a home loan top-up also.