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  • Top up
  • Balance Transfer

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.

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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:

1

Apply for top-up

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

2

Personal details

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

3

Check Eligibility

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

4

Top-up loan amount

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

5

Home loan details

Furnish the details of your existing home loan.

6

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.

 

More Home Loan products for you

Home Loan for government employees

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

Home Loan for self-employed

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

Home Loan for women

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. 

What our customers say about us

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

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

Find the right Loan for you

Affordable Housing Loan

  1. 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. 

Affordable Housing Loan Affordable Housing Loan

Home Extension Loan

  1. As the years go by and your family continues to grow, does your house feel smaller?

Tata Capital’s Home Extension Loan is a perfect solution to help you give your family that additional space they deserve.

Home Extension Loan Home Extension Loan

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.

Home Loan for Self-Construction Home Loan for Self-Construction

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.

Home Loan Top-up Home Loan Top-up

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.

Home Loan Overdraft Home Loan Overdraft

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.

Quick Cash Quick Cash

Balance Transfer

  1. 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*.

Balance Transfer Balance Transfer

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