Features and benefits of a top-up personal loan
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Top-up of up to Rs. 55 lakh
Get up to Rs. 55 lakh over and above your existing personal loan for your financial goals and emergencies.
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Simple eligibility
Avail of a top up loan upon completing 12 EMIs on your current Bajaj Finserv Personal Loan.*
Provide a few documents like salary slips and bank statements to obtain a high-value top-up.
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Provide a few documents like salary slips and bank statements to obtain a high-value top-up.
Basic documentation
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Speedy disbursal
Address emergencies swiftly with same-day* disbursal of funds upon approval.
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Affordable repayment
Repay your loan at a nominal top-up loan interest rate.
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Flexi Hybrid facility
Withdraw funds and pre-pay them as often as you desire, free of charge. Pay interest-only on the amount that you withdraw.
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45%* lower EMIs
Opt for interest-only EMIs for the initial part of the repayment term with the Flexi facility. Calculate your EMIs in advance using a personal loan EMI calculator.
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100% transparent process
Avail of extra funds, fully aware of the fees and charges applicable to you.
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Online top-up application
Apply online from the comfort of your home and enjoy speedy loan processing.
Bajaj Finance offers top up loans on personal loans to select customers. If eligible, you can get a top up loan up to Rs. 55 lakh over and above your existing personal loan for expenses your existing personal loan may not cover.
An urgent need for funds can arise at any time. You may be faced with a medical emergency, or you may require funds to renovate your home. You may need to pay for higher education or even need finance to purchase a used car. For such needs, a top up loan is ideal as it offers quick financing against simple personal loan eligibility criteria.
As an existing customer, you enjoy a simple top-up loan approval process. Customers who have successfully paid 12 EMIs and maintain a solid financial profile can look forward to money in the bank in 24 hours*, post-approval. Our top-up personal loans bear a competitive personal loan interest rate, and you can apply for one online.
Check your eligibility for a top-up on personal loan and enjoy the benefits of a top-up personal loan with flexible repayment.
Top-up personal loan eligibility criteria
- Nationality: Indian
- Age: 21 years to 80 years**.
- Employed with: Public, private, or MNC.
- CIBIL Score: 685 or higher.
- Customer profile: Self-employed or Salaried
*You should be 80 years** or younger, at the end of the loan tenure.
Documents required to apply for a top-up loan
To apply for a top-up loan, you need to submit essential documents that verify your identity, income, and financial stability. Ensuring proper documentation can speed up the approval process. You can check the documents required for a personal loan for more details.
- KYC documents: Aadhaar/ passport/ voter’s ID/ driving license/ Letter of National Population Register/ NREGA job card
- PAN card
- Employee ID card
- Salary slips of the last 3 months
- Bank account statements of the previous 3 months
- Piped gas bill
- Pension order
- Letter of Allotment of Accommodation Issued by Employer
- Property / Municipal tax receipt
- Utility bill
- Real-time image / photograph
- Ration card
Interest rates and charges for top-up on personal loan
When you opt for a top up personal loan, it's important to review the applicable rates and charges beforehand. This helps you plan your repayment effectively while enjoying continued access to funds. A top-up loan usually carries interest rates similar to or slightly higher than your existing loan.
To make an informed decision, check the latest personal loan interest rate and understand all associated costs before applying.
How to apply for a top-up loan?
Applying for a top-up loan is a simple process that allows existing borrowers to access additional funds over their current personal loan. Follow these steps to apply for a personal loan:
- Click on ‘APPLY’ at the top of this page to open our online personal loan application form.
- Enter your 10-digit mobile number and the OTP sent to your phone.
- Fill in the application form with your basic loan details, such as your full name, PAN, date of birth, and PIN code.
- Now, click on ‘PROCEED’ to visit the loan selection page.
- Enter the loan amount that you need. Choose from our three personal loan variants –Term, Flexi Term, and Flexi Hybrid.
- Choose the repayment tenure – you can select tenure options of 12 months to 96 months and click on ‘PROCEED’.
- Complete your KYC and submit your application.
Our representative will guide you on the next steps. The loan amount will be transferred to your bank account on the successful verification of your documents.
Frequently asked questions
A top-up loan is an additional loan offered to existing borrowers on their current personal loan, providing extra funds with minimal documentation and quick approval.
The maximum top-up loan amount depends on your, repayment history, and eligibility. Generally, it is based on the outstanding loan and your income capacity.
A top-up personal loan has a flexible tenure that usually matches the tenure of the original loan.
A top-up loan is beneficial for urgent financial needs, offering lower interest rates than new loans. However, it increases overall debt, so repayment capacity should be considered.
A personal loan and a top-up personal loan differ in several key aspects, including the source of borrowing, loan amount, and tenure. Here's a detailed comparison to help you understand these differences better.
Criteria |
Personal loans |
Top-up personal loans |
Source of borrowing |
Personal loans are available to everyone who meets the eligibility requirements and submits the necessary paperwork. |
In most cases it will only be your current lender. To get a top-up from another lender, you need to move the entire loan amount to the new lender. |
Loan amount |
The amount of personal loan an individual can get depends on the lender's limit. |
A top-up on a personal loan is available as a set percentage of the original loan amount and as per your eligibility criteria. This condition may vary by lender and loan type. |
Tenure |
Personal loans usually have tenures ranging between 12 months to 96 months |
A top-up personal loan has a flexible tenure that usually matches the tenure of the original loan. |
The maximum term for a top-up loan varies from one provider to another but usually aligns with your existing loan’s tenure.
