Who qualifies for an increase in their home loan?

To qualify for an increase in your loan through the top up on your home loan, you need to meet these three criteria:You must be an existing Tata Capital Loan customer with an active home loanYou must not have any outstanding loan dues, or Equated Monthly Installment (EMI) defaults in your payment historyYou should have a high credit score of over 750

What is the maximum amount that can be added to a home loan?

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.

Can I obtain a top-up on home loan from a bank other than the one that already holds my 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.

What is the processing time for a house loan top-up?

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.

What is the home loan top-up repayment tenure?

The top-up on 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.

What purposes are allowed for a home loan top-up?

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.

Can I submit an online application for a home loan top-up?

Yes, you can apply online by using the following steps:Visit the Home Loan Top-Up pageClick on Apply NowSelect Existing CustomerEnter your mobile numberClick on Send OTPSince 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.

What kind of documentation is needed for a home loan top-up?

You need to submit the following documents:Know Your Client (KYC) documents, such as identity and address proofs, including Aadhaar card, Pan card, Voter's ID, Passport, etc.Bank statementsIncome proofAnd other similar documents

Home Loan Top Up - Interest Rates and Tax Benefits

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Home Loan
Top-Up

What is a Home Loan Top-Up?

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.

Why Should You Go for a Home Loan Top-Up?

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 opt for a housing loan top up:

Fund All Your Financial Requirements

By availing of a home loan top up amount, you can meet your various personal or professional requirements with ease. Top-up loans are multi-purpose loans, which means that there are no restrictions on their end uses.

Relatively Lower ROI Than Other Sources of Finance

At times, you may need financing to tackle an emergency or any other purpose. Availing of a top-up loan is the best solution during such times. Home loan top up interest rates are generally lower than other unsecured modes of financing, such as personal loans and credit cards.

Quick Sanction and Disbursal

Home loan top-ups are provided to existing customers of lenders and are generally pre-approved. That is why lenders take no time to sanction and disburse top up loan on home loan. This ensures that you don’t have to wait for long to get access to finances in the hour of need.

Use it as You Need it

Another benefit of availing of a housing loan top up is that you can use it as per your requirements. You can apply for a home loan top up amount as per your precise needs and you will have to pay the EMIs only for the amount you’ve borrowed.

Easy to Repay

You can use a home loan top up amount to fund your various requirements, and then you can repay the amount in easy EMIs. The repayment of a top-up loan doesn’t put any additional burden on your monthly budget.

Avail TATA Capital loans directly from WhatsApp

Apply via WhatsApp

Who Can Get a Top-Up Loan?

The eligibility for 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 requirements to avail of a home loan top-up with us.

How to calculate a top-up loan?

A home loan top-up is calculated on the basis of your existing home loan amount, tenure, credit score, and other similar factors. 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.

How to Apply for a Home Loan Top-Up?

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:

Apply for top-up

Choose how you want to apply for a home loan top-up - online, via phone call, or via WhatsApp.

Personal details

Tell us about your personal, employment, and financial details.

Check Eligibility

Check your home loan top up eligibility and home loan top up interest rate.

Top-up loan amount

Mention the home loan top up amount that you want to borrow.

Home loan details

Furnish the details of your existing home loan.

Submit documents

Submit the necessary documents and fees involved

Once you complete these steps, your home loan top-up amount will be transferred directly into your bank account.

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With Tata Capital, you can apply for a home loan for women in a few easy steps and get housing finance at competitive interest rates.

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What our customers say about us

Start to end of my loan process was simple and guidance of your team members were to the point. My last communication was with Mr. MANOJ PATEL from surat branch he was very polite and helpful.

Anamika Vijaykumar Tiwari

Home Loan | 20 Jun, 2024

We extend our heartfelt gratitude to Mr. Pravin Sagare, Senior Officer of Customer Service, for his exceptional service. His remarkable demeanor and professionalism during telephonic interactions with customers have been truly outstanding. Over the past two years, we have utilized various services, yet none have matched the quality provided by Mr. Sagare. We are deeply impressed by the exemplary service, due to this reaons we has influenced our decision to obtain a second home loan from TATA Capital Housing Finance Limited.

Avinash Vasantbhai Bhesaniya

Home Loan | 07 Jun, 2024

I had applied for a home loan at Tata Capital & got the it approved quickly. The process was smooth and sanctioned with sufficient amount with tenure period of 20 yrs.

Sumeet Verma

Home Loan | 14 Mar, 2022

Service provided by Manoj Patel in Surat vesu Branch was helpful and because of his support we were able to close loan.

Prakash Patil

Home Loan | 23 Aug, 2024

Excellent A1 Services. The Lady at the Customer Desk is very Cooperative and helpful so that my work completed without the time frame. The name of the Lady is Amruta Pathak. God bless her and her family. Thanks and Regards for the entire team of Tata Capital.

Nandlal Lal Arora

Home Loan | 13 Aug, 2024

Very good & prompt service, and we have spoken to Mr. Manish also, and he always helps us to provide our request. Thank you, Ms Apurva Shende & Manish Padwal

Farhang Ahmed Azar

Home Loan | 24 Jul, 2024

I'm happy with the service and the help I got earlier for foreclosure letter. Thank you so much & thanks to Alisha mam for her guidance.

Akshay Anil Pawar

Home Loan | 17 Jul, 2024

Special thanks to Mr. Avinash for his help rendered with full commitment to his job, answering the queries to me clearly, and follow up so that the work is done in given time to get customer satisfaction.

Hannah Grace

Home Loan | 02 Jul, 2024

Mr Avinash who handled my case is well experienced and has courtesy for customers' concerns. However, some of the Tata Capital products are very expensive when compared to other banks' ones!

Mohammed Shakeel Urrahman

Home Loan | 28 Jun, 2024

Start to end of my loan process was simple and guidance of your team members were to the point. My last communication was with Mr. MANOJ PATEL from surat branch he was very polite and helpful.

Anamika Vijaykumar Tiwari

Home Loan | 20 Jun, 2024

Avinash Vasantbhai Bhesaniya

Home Loan | 07 Jun, 2024

I had applied for a home loan at Tata Capital & got the it approved quickly. The process was smooth and sanctioned with sufficient amount with tenure period of 20 yrs.

Sumeet Verma

Home Loan | 14 Mar, 2022

Service provided by Manoj Patel in Surat vesu Branch was helpful and because of his support we were able to close loan.

Prakash Patil

Home Loan | 23 Aug, 2024

Nandlal Lal Arora

Home Loan | 13 Aug, 2024

Very good & prompt service, and we have spoken to Mr. Manish also, and he always helps us to provide our request. Thank you, Ms Apurva Shende & Manish Padwal

Farhang Ahmed Azar

Home Loan | 24 Jul, 2024

I'm happy with the service and the help I got earlier for foreclosure letter. Thank you so much & thanks to Alisha mam for her guidance.

Akshay Anil Pawar

Home Loan | 17 Jul, 2024

Hannah Grace

Home Loan | 02 Jul, 2024

Mr Avinash who handled my case is well experienced and has courtesy for customers' concerns. However, some of the Tata Capital products are very expensive when compared to other banks' ones!

Mohammed Shakeel Urrahman

Home Loan | 28 Jun, 2024

Start to end of my loan process was simple and guidance of your team members were to the point. My last communication was with Mr. MANOJ PATEL from surat branch he was very polite and helpful.

Anamika Vijaykumar Tiwari

Home Loan | 20 Jun, 2024

Avinash Vasantbhai Bhesaniya

Home Loan | 07 Jun, 2024

I had applied for a home loan at Tata Capital & got the it approved quickly. The process was smooth and sanctioned with sufficient amount with tenure period of 20 yrs.

Sumeet Verma

Home Loan | 14 Mar, 2022

Read All

Popular FAQs

A home loan top-up is an additional loan that you can take on top of your existing home loan. You will qualify for it only if you are an existing Tata Capital home loan customer. The top-up loan can be used for any purpose or reason.

On the other hand, a personal loan is an individual loan. You need to apply for it separately. You can use a personal loan for several needs, such as purchasing electronics, booking a vacation, renovating your home, repairing or buying a vehicle, etc.

To qualify for an increase in your loan through the top up on your home loan, you need to meet these three criteria:

You must be an existing Tata Capital Loan customer with an active home loan
You must not have any outstanding loan dues, or Equated Monthly Installment (EMI) defaults in your payment history
You should have a high credit score of over 750

The top-up on home loan interest is usually calculated based on the prevailing interest rates on your home loan. However, it is on 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 online by using the following steps:

Visit the Home Loan Top-Up page
Click on Apply Now
Select Existing Customer
Enter your mobile number
Click on Send OTP

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.

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 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 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.

Find the right Loan for you

Affordable Housing Loan

At Tata Capital, we believe that every single person, regardless of their financial background, deserves a home to call their own.

With this vision, Tata Capital Housing Finance offers affordable home loans at competitive interest rates.

Know More

Home Loan for Self-Construction

Instead of buying a ready-to-move-in house, you can choose to purchase a piece of land and construct your house on it brick by brick.

A home loan for self-construction or simply a home construction loan is a special type of home loan given to help borrowers construct their own house on a piece of land or plot.

Know More

Home Loan Top-up

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.

Know More

Home Loan Overdraft

At times, you may need additional funds to tackle your personal or business expenses.

With Tata Capital’s home loan overdraft facility, you can avail of a home overdraft loan limit of up to Rs. 2 crores. You can withdraw funds from this overdraft housing loan limit as per your needs and then pay it back at your convenience.

Know More

Quick Cash

Quick Cash loan is a unique Pre-Approved personal finance top-up linked to your existing Tata Capital Housing Finance Limited (TCHFL) loans. This loan is only for existing TCHFL Home Loan and Home Equity customers.

Apart from its unique features, it also offers other advantages such as faster processing, and a paperless journey, notwithstanding that all this could be availed in just a few clicks at your convenience any day 24*7.

Know More

Balance Transfer

A home loan balance transfer, or simply a home loan transfer, takes place when you transfer your outstanding home loan amount to a new lender from your existing lender.

With Tata Capital Home Loan Balance Transfer, you can transfer your outstanding home loan balance to affordable interest rates. Our home loan interest rates start from just 8.75% per annum*.

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Home Loan Blogs

Home Loan

Home Loan Top-Up

What is a Home Loan Top-Up?

Why Should You Go for a Home Loan Top-Up?

Fund All Your Financial Requirements

Relatively Lower ROI Than Other Sources of Finance

Quick Sanction and Disbursal

Use it as You Need it

Easy to Repay

Avail TATA Capital loans directly from WhatsApp

Who Can Get a Top-Up Loan?

How to calculate a top-up loan?

How to Apply for a Home Loan Top-Up?

Apply for top-up

Personal details

Check Eligibility

Top-up loan amount

Home loan details

Submit documents

More Home Loan products for you

Home Loan for government employees

Home Loan for self-employed

Home Loan for women

What our customers say about us

Prakash Patil

Nandlal Lal Arora

Farhang Ahmed Azar

Related Housing Loan Videos

Popular FAQs

Find the right Loan for you

Affordable Housing Loan

Home Loan Blogs

What is Freehold Property?

Understanding Margin Money in Home Loans

What is the OCR amount in a Home Loan?

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