What is Top-Up Loan?_banner_WC



Not all your expenses are home-related, but that doesn’t mean they should be unaddressed or cost you a high rate of interest. With Bajaj Housing Finance, you can benefit from a Top-up Loan significantly as the sanctioned amount has no-end use restrictions.

The provision is available to those who transfer their Home Loan balance to us. Not only do you gain more competitive Home Loan terms, but we also offer a Top-up Loan worth Rs.1 Crore* or higher, based on your needs and eligibility.

What’s more, you don’t have to go through extra rounds of paperwork or tedious verification to get a Top-up Loan, as we are already acquainted with your profile. Upon meeting the simple eligibility requirements and loan approval, your loan amount is approved and disbursed.

When there arises a sudden need of money due to an accident or any other medical emergency, a Housing Loan Top-up can come to the rescue. Instead of opting for a personal loan, credit card or something like a loan against a mutual fund or a fixed deposit – Top-up loans can be a quick way to fund your urgent needs, provided you already carry a home loan.

Top-up loans have no end-use restrictions. With Bajaj Housing Finance, you can get a Top-up loan of Rs.1 Crore* or more, basis eligibility. You can use this sum to fund your child’s education, spend on a wedding, use it to renovate your newly purchased home or office, or do just about anything.

A Top-up is a loan, and just like any other loan, it does count in your credit score. Whether positively or negatively depends on the regularity with which you pay your dues. If you can pay your EMIs on time, your credit score will stay healthy or even become better than before. Additionally, Top-up loans have a long tenure. Making timely repayments over a long duration increases your credit length, thereby contributing to a better credit score. On the contrary, missing your payments or delaying them would most definitely impact your credit score negatively.

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