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A home loan top-up is a facility offered by lenders under which a borrower can take an additional loan over and above their existing home loan. The home loan top-up facility is available only for existing home loan borrowers without the need for any additional security or guarantee. A top-up loan on a home loan is a multi-purpose loan that can be used for any purpose.
For example, if the property builder overshoots the initial budget and you need money to fulfill this price gap, you can opt for a housing loan top-up. With Tata Capital, you can avail of a home loan top-up and pay for your various requirements, such as buying furniture, extending or renovating your house, and planning the interiors of your house.
Maximum loan amount
Up to Rs. 5 crore*
Loan tenure
Up to 30 years
Interest rates
Starting from 7.75% per annum.
A top-up loan on a home loan allows you to avail of financing at lower interest rates and meet your additional financial requirements. Here are the reasons why you should opt for a housing loan top-up:
The eligibility for a top-up home loan varies from one lending institution to another. Therefore, you must confirm your home loan top-up eligibility with your lender before approaching it for a top-up on your home loan. To get a top-up home loan with Tata Capital, you must fulfill the following eligibility criteria:
You must be an existing customer with us. This means that you must have already taken a loan for house from Tata Capital
Your home loan payment history should not reflect any outstanding dues or defaults on EMIs
You should have a good credit score, preferably over 750
Note that our home loan top up eligibility may differ from case to case based on the customer’s profile.
Hence, you may need to fulfill some additional eligibility criteria and home loan documents requirements to avail of a home loan top-up with us..
A home loan top-up is calculated on the basis of your existing home loan amount, tenure, credit score, and other similar factors. You can use a home loan top-up calculator for easy calculations. Most lenders assess your Fixed Obligation to Income Ratio (FOIR), a metric commonly used by loan providers to determine your ability to repay a loan
In addition to this, you also have to pay an interest rate on top-up loans, which can differ based on your credit score and the loan amount and tenor.
A home loan interest calculator on our app can help you understand how to calculate a top-up loan in greater detail.
Applying for a home loan top-up with Tata Capital is easy and convenient. All that you have to do is follow the steps mentioned below:
Once you complete these steps, your home loan top-up amount will be transferred directly into your bank account.
Benefit from our user-friendly home loan top-up EMI calculator. View instant calculations and a detailed breakdown of your EMIs. Adjust the loan amount, tenure, and interest rate values to explore different scenarios of a top-up loan on a home loan.
Tata Capital offers top-up loans on home loans to salaried and self-employed individuals at affordable interest rates, starting from 7.75% per annum. The other fees and charges you will need to pay for the loan are highlighted in the table below:
| Type of charge | Applicable rates |
|---|---|
| Processing fee | Up to 3% of the loan amount + GST |
| Foreclosure charges | NIL |
| Delayed EMI payments | 2% per month (24% per annum) on the defaulted EMI & Rs. 700/- per instrument per process |
The final top-up loan interest rate may vary depending on credit checks, property, and other parameters.
Access up to Rs. 5 crore instantly: Get high-value funding to comfortably manage major financial needs like renovations, education, medical costs, or business expansion.
Freedom to use funds: A top-up on a home loan is a multi-purpose loan, enabling you to enjoy complete flexibility with no end-use restrictions.
Save more with low interest rates: Benefit from rates far lower than personal loans or credit cards, making borrowing truly affordable.
Effortless repayment with one EMI: Your top-up loan on home loan amount merges with your existing home loan, keeping your monthly EMIs simple and stress-free.
Adding a co-applicant to your loan top-up makes it easier for you to qualify for a higher amount and better terms. The lender is assured of your repayment capacity when a co-applicant with a stable income and strong credit score is added to the application. Consequently, it boosts your loan eligibility, enabling you to secure a higher top-up amount.
For example, if your individual eligibility allows only Rs. 20 lakh, adding a co-applicant may increase it to Rs. 35 lakh or Rs. 40 lakh.
A co-applicant also offers shared liability, meaning repayment responsibility is divided, reducing the financial burden on a single borrower. Lenders may also offer better interest rates when the combined profile shows strong repayment capacity.
So, with stronger documentation and increased financial stability, a co-applicant makes your housing loan top-up easier to approve, more affordable, and far more convenient.
You must submit the following documents for housing loan top-up approval:
Identity and address proof: Aadhaar Card/ PAN Card/ Voter’s ID/ Driving license / Passport
Income proof:
Salaried individuals: Salary slips for the last 3 months, 6 months’ bank statements, and the latest Form-16 and IT returns
Self-employed individuals: Bank statements for the past 3 months, ITR, Audited Balance Sheet, and Profit and Loss statements for the past 2 years
Property and existing home loan-related documents
Know more about Home Loans
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Home Loan Repayment Guide
To qualify for an increase in your loan through the top-up on your home loan, you need to meet these three criteria:
At Tata Capital, we offer home loans starting from Rs. 5 lakhs and ranging up to Rs. 5 crores. You can pick any amount based on your financial needs, credit score, budget, etc.
The top-up on home loan interest is usually calculated based on the prevailing interest rates on your home loan. However, it is essential to note that the interest rates for a top-up loan may be higher or lower than the interest rates for the original home loan. It is best to discuss this in detail when applying for the top-up home loan.
Yes. You can apply for a home loan top-up at the same bank as well as if you are transferring your loan to another bank through a home loan balance transfer.
The processing time for it is reasonably quick. These loans are generally pre-approved and granted quickly, so you do not have to wait long.
The top-up on a home loan can be repaid with your existing EMIs within your original home loan tenure. At Tata Capital, we offer a maximum home loan tenure of up to 30 years. You can select the tenure that best fits your budget.
It is a multi-purpose loan and can be used for any purpose. As long as you have an existing Tata Capital home loan, you can apply for it and use it as you see fit.
Yes, you can apply online by using the following steps:
Since the top-up loan is a pre-approved loan, you will be shown the details of the loan amount you are eligible for. You can then proceed to apply for it.
You need to submit the following documents:
Yes, your credit score plays a critical role in all your loan applications. To qualify for a top-up on your home loan, you must have a credit score of 750 and above. The higher the credit score, the easier it gets to avail of a top-up on a home loan of your preferred amount.
At Tata Capital, we charge a nominal processing fee of 0.5% of the loan amount + Goods and Services Tax (GST) for all home loans. You can reach out to our home loan customer care service to understand the applicable fees and charges involved in processing the top-up loan.
Yes, you can deduct the interest paid on the top-up loan and save money spent on tax under Section 24 of the Income Tax Act 1961. A top-up on a home loan is treated like a regular home loan for tax purposes. You can claim income tax deductions on the interest paid on the top-up loan as long as you use the funds for renovation or improvement of the concerned property. Section 24 offers tax deductions of up to Rs. 2 lakh on a home loan.
The repayments towards a top-up on a home loan must be made on time. If you fail to make the payments, you will incur a late penalty fee of up to 2.00% per month over and above the prevailing home loan interest rate. You may also receive a legal notice if you are unable to pay the EMIs over a period of time. It is advised to pick a loan amount and tenure that comfortably fits your budget to avoid late payments and hassles later.
You can typically get a top-up loan based on your repayment history, existing loan balance, income, and lender policies. Most lenders offer a top-up amount that fits within your overall eligibility and ensures your total EMI remains affordable. Tata Capital offers a home loan top-up of up to Rs. 5 crore.
Yes, many lenders allow you to avail a top-up loan along with a balance transfer. When you transfer your existing loan to a new lender, you can request additional funds if you meet eligibility criteria and have a strong repayment record.
Top-up loans are usually sanctioned within 24 to 48 hours because the lender already has your documents and repayment history. The approval and disbursal process becomes much smoother and faster with minimal paperwork and faster verification.
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