Top-up car loan
Get additional funds with our quick and easy top-up options on your car loan.
Top-up car loan
Get additional funds with our quick and easy top-up options on your car loan.
Extra Funds at No Extra Cost
Top-Up Loan simplified
Get quick access to additional funds on your existing car loan up to 150% of the car's value to meet emergency needs like business expansion, education, or home improvements. It gives you extra flexibility with minimal effort, and simplifies your financial planning.
Features & benefits of top-up car loan
Explore how our car loan top-up option benefits you:
Features & benefits of top-up car loan
Explore how our car loan top-up option benefits you:
Zero-fee balance transfers
Get balance transfers at no extra cost.
24x7 availability
Apply for your loan anytime, we’re available round the clock
Quick approval
Get swift loan approval in minutes.
Lowest interest rates
Enjoy competitive interest rates starting at 11.49% p.a.
Instant disbursals
Quick, simple processes with minimal paperwork.
Flexible tenures
Choose convenient EMI options spanning up to six years.
Top-up loan EMI calculator
Plan your monthly EMI better:
Top Up Loan eligibility
How to top-up on your existing car loan?
Follow these simple steps to complete your loan application:
Loan approval, transfer, and disbursal
Required documents for a top-up car loan
Keep these documents handy. It’s the standard list required for your loan application:
Identity proof
- PAN card (mandatory)
- Aadhar card/ Driver’s licence/ Voter ID/Passport
Address proof
- Aadhaar/ Passport /Voter ID/ Driver’s licence/ Utility bills/Passport/Notarized rent agreement
Income proof (Optional)
- 6 months’ bank statement
- 3 months’ salary slips or equivalent business proof
Vehicle documents
Any one of the below:
- Registration certificate (RC)
- Loan account statement
Top-up loan interest rate & charges
A top-up loan allows you to borrow extra money based on your existing car loan. This option simplifies the process with competitive interest rates and no hidden fees. Here’s a breakdown of our fees and charges:
| Types of fee | Applicable Charges |
|---|---|
| Interest rates | 11.49%* p.a onwards (reducing) |
| Processing fees | 2.5% of the loan amount onwards |
| Car Health Monitor (CHM) charges | ₹4,300 onwards |
| Documentation fees and stamp duty charges | ₹2,500 onwards |
| Pre-closure charges | 1) Within 6 months- lock-in period (loan cannot be closed) 2) After 6 months- 5% of the outstanding loan amount + GST |
| Pre-closure letter charges | ₹500 per instance |
| Loan insurance charges | As per actuals |
| Motor insurance charges | As per actuals |
| Deal cancellation charges | ₹5,000 (post-loan agreement is executed and pre-disbursal of the Loan) |
| Statement of Account charges | Free of cost once a month, any additional SOA request would invite charges of ₹500 per instance. |
| Loan rescheduling/rebooking charges | ₹1,000 per instance |
| Document/information default | ₹500 per instance |
| No Objection Certificate upon loan closure | ₹1,000 per instance |
| NOC for conversion to LPG/CNG | ₹5,000 per instance |
| Duplicate NOC | ₹1,000 per instance |
| Value-added services | As per actuals |
**It's essential to carefully review the terms and conditions to fully understand any potential additional charges. By providing a clear breakdown of all charges related to your top-up loan, we reinforce our commitment to transparency and trust.
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Top-up loan FAQs
What is the rate of interest on a top-up loan?
How many days will it take for a top-up loan?
How is a top-up loan calculated?
What is the maximum top-up loan?
What is the salary required to be eligible for a top-up loan?
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