Do you have an ongoing personal loan? If yes, you can apply for a top-up personal loan and get extra funds.
You can use the additional amount to cater to extra expenses as per your needs.
Based on your eligibility, you can get an amount of up to Rs.25 lakh from top lenders in India.
If you wish to know more about top-up personal loan, benefits and eligibility criteria and more, here is a quick post!
What are the benefits of a top-up personal loan?
- A large amount
If you have an existing personal loan, your lender may let you access up to Rs.25 lakh.
2. No restrictions on funds usage
You can use the loan amount and meet your diverse needs. From debt consolidation to renovate your needs, travel needs, increase your cash liquidity and more, you can use the loan amount.
3. Affordable interest rates
A Top-up personal loan comes with an affordable rate of interest. It is because the rate of interest on personal loan is almost the same as the ongoing personal loan account. This way, you can save on interest charges. Also, the tenor of the top-up personal loan is that of the ongoing loan account.
What are the eligibility criteria for a top-up personal loan?
Applying for a top-up personal loan is easy. It is because you only have to meet a few basic eligibility terms. Let’s take a look:
- Your credit score should be robust – the higher, the better. A score of 750 or more will be good.
- The top-up personal loan applicant must have a clean repayment history to avail of the offer.
- There should not be any missed, delayed or defaults on repayments.
If you need an extra amount even after an ongoing loan, a top-up personal loan is among the best alternatives.
Bajaj Finserv offers pre-approved deals on personal loans, home loans, business loans and more. It is to simplify loan processing and make it faster.
You can check out your pre-approved loan offers today after sharing your basic details, such as your name and mobile number.
