23 June, 2025 | 15:03 IST
Sometimes, even if you already have a personal loan, life can throw unexpected expenses your way. Instead of going through the hassle of applying for a whole new loan, you can simply go for a personal loan top-up.
It is a quicker and easier way to get some extra cash, plus, the paperwork is minimal. Since your lender already knows your credit history, repayment habits and other basic information, the process is usually smooth and fast.
A personal loan top-up can really come in handy during emergencies or when you are short on funds. It is important to ensure that you meet the lender’s eligibility criteria before proceeding with the application.
Table of Contents
The personal loan top up eligibility criteria may differ as per the lending policies of the banks and non-banking financial companies. However, most lenders look for the following eligibility conditions before finalising a personal loan top up:
1. A top-up loan will be given only if you have an existing personal loan with the lender.
2. All of the EMIs on your current loan should have been paid back on time.
3. A top-up loan should only be applied for after you have paid back a certain amount of your loan, usually 12 EMIs.
4. Must be able to prove your ability to repay the loan.
5. Should ideally have a credit score of at least 750.
6. Have a steady flow of income.
7. Existing financial obligations should not exceed a certain percentage of your income.
Need money quickly? With a completely digital application process, Moneycontrol provides personal loans up to Rs 50 lakhs in partnership with eight reliable lenders. From the convenience of your home, choose an EMI plan that suits your needs, enter your information, and finish the online KYC. Take advantage of competitive interest rates that start at just 10.5% annually.
Applying for a personal loan top-up online is a hassle-free process. Here is a step-by-step guide:
Each bank offers its own personal loan top-up interest rates. Here are some of the top banks and the personal loan top up rates they currently offer.
*For the most accurate and latest information, refer the bank's websites.
Many bank websites and financial platforms offer free calculators that are easy to use. The personal loan top-up calculator helps you calculate your new EMI by adding the top-up amount to your existing loan. This will help you understand your revised loan tenure and total repayment amount.
Here is how to use the personal loan top-up calculator:
It is best to use a calculator when applying for a personal loan top-up, as it helps you estimate the monthly EMI amount and the repayment tenure.
You can get immediate personal loans up to Rs 50 lakhs through Moneycontrol’s digital platform from eight top lenders. Simply choose an EMI plan that suits your budget, enter your personal information and finish your KYC online to begin the entirely digital process with little paperwork. Interest rates start at 10.5% per annum.
A personal loan top-up is an ideal solution when you require additional funds while your existing loan is still active. Lenders are often more willing to approve a top-up loan due to your established repayment history. By meeting the eligibility criteria and comparing interest rates on personal loan top-ups, you can save time, minimise paperwork and obtain the necessary funds without added financial stress.
Share it in your circle
Table of Contents
Explore Top Lenders for Instant Loan upto
Get Instant Loan up to ₹50 Lakhs with Zero Paperwork from Top Lenders
100% Digital
Quick Disbursal
Low Interest Rates
