Understanding Top-Up Home Loans:

Top-up loans, as the nomenclature suggests, involves the bank topping up – adding to – your existing loan. So if you already have a home loan with a bank and you have been making regular repayments, then you can apply for a top-up loan. Many banks, private and nationalized, offer top-up home loans to their existing customers.

Eligibility Criteria for Obtaining Top-Up Loans:

To be able to get a top-up home loan, you have to:
Have a home loan with the bank
Be a regular and satisfactory repayment record for at least 1 year
Make a valid mortgage in the name of the bank

Features of Top-Up Loans:

The following are the salient features of top-up home loans:
A top-up loan can be taken for any purpose – it need not be home improvement-related. You could treat it as a personal loan and use it for a vacation or wedding or to buy jewellery, or pay for the education expenses of yourself or your children, buy a vehicle, renovate your house, or invest it in the stock market – the choice is yours.
Top-up loans are available for up to 20 years or until the balance tenure of your original home loan, depending on the bank’s discretion. It also takes into account the customer’s profile, income, age, value of property, etc.
Top-up loans are available at interest rates similar to home loan rates, though it may be a few basis points higher than the original home loan rate. For example, SBI offers home loans at 9.4%, and top-up loans at 9.5% for up to Rs. 25 lakh.

Benefits of Top-Up Loans:

Here is why a top-up loan is better than taking a personal loan or maxing out credit cards:

Top-up home loan interest rates are quite lower than personal loans, credit cards or car loans. They are in the range of 9% to 12% in most banks, making them the cheaper option.
Top-up loans are also available for longer tenure than a personal loan, car loan or gold loan.
Top-up loans are easily approved and disbursed, since you are already a home loan customer of the bank and have been paying your EMIs regularly over the last 1 or more years.
Top-up loans can give you tax benefits. But this is possible only if you use it either for home repairs, construction or extension, or to fund your or your children’s education.

Who Can Apply

All customers with an existing Home Loan, Home Improvement Loan or a Home Extension Loan can apply for a Top Up Loan.

You may spread out your payments for the loan over a maximum term of 15 years.
You can apply for a Top Up Loan after 12 months' of the final disbursement of your existing Home Loan and upon possession / completion of the existing financed property or basis the last 12 months' track record of the Top Up Loan being refinanced from another institution, subject to possession / completion of the property.
The tenure of the loan is also dependent on the customer’s profile, age of customer at maturity of loan, age of property at loan maturity, depending upon the specific repayment scheme as may be opted and any other terms which may be applicable based on prevalent norms of ANP WEALTH.


Following are the documents you would need to submit for all applicants / co-applicants along with the completed and signed Application Form for loan approval

Valid Passport
Voter ID Card
Aadhaar Card
Valid Driving Licence
Last 3 months' Salary Slips
Last 6 months' Bank Statements, showing salary credits
Latest Form-16 and IT Returns



Security of the loan is a first mortgage of property against which the loan is being advanced and / or any other collateral / interim security as may be required by ANP WEALTH.

Other Conditions

All the information contained herein above is for awareness and customer convenience and is intended to only act as an indicative guide about ANP WEALTH’s products and services. For detailed information about ANP WEALTH’s products and services kindly visit the nearest ANP WEALTH branch.