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Home Loan Top Up Loan - L&T Finance

Home Loan Top Up help you achieve personal or professional milestones, be it home renovation, weddings, business expansion, or debt consolidation. With competitive interest rates, tenures up to 20 years and flexible repayment, our top up loans are designed for your needs. Enjoy quick sanction, hassle-free disbursal, and minimal documentation, so you can focus on making your dreams a reality.

  • Home Loan for Apartments

  • Plot Plus Construction

  • Home Loan for Self Construction

  • Home Improvement

Key Features & Benefits For Top Up Home Loan

Discover the core advantages of a Top Up Home Loan, from enhanced borrowing capacity and simplified eligibility to cost-efficient funding aligned with your existing mortgage terms.

Competitive Interest Rates

Starting from 7.75% p.a.* (Rates are indicative and subject to individual credit evaluation and RBI/NBFC guidelines)

Flexible Loan Amount

Flexible Loan Amount Borrow from ₹3 Lakhs up to ₹7 Crores*, based on eligibility, outstanding balance, and property valuation

Flexible Repayment Tenure

Choose repayment tenure options of up to 20 years to align with your financial goals

Fast & Paperless Process

Minimal documentation, easy online application, and quick loan sanction & disbursal

Multiple End-Use Flexibility

Use funds for home renovation, weddings, business expansion, education, medical needs, or debt consolidation

Seamless Loan Integration

Existing borrowers can opt for a top-up without refinancing the entire home loan

Customisable Repayment Options

Select repayment modes and schedules that match your income flow

Top Up Loan EMI Calculator

To help plan your finances effectively, L&T Finance provides an EMI calculator.


emi-calculator

EMI Calculator

Results generated by the calculator(s) are indicative in nature.

Preferred loan amount

₹
₹3,00,000
₹7,00,00,000

Interest rate (per annum)

%
7%
13%

Loan tenure (months)

%
36 months
240 months

Estimated EMI

per month
  • ₹ 36,690

  • Interest payable

    ₹52,41, 690
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How to Apply For a Home Loan Top-Up

Applying for a Home Loan Top Up is a hassle-free process designed to be quick and customer-friendly:

  • 1. Apply Online:

    Start by filling out the online application form available on the L&T Finance website with your personal and financial details.

  • 2. Connect with Representative:

    A loan officer will reach out to provide further assistance, explain the offer, and guide you on document submission.

  • 3. Eligibility & Document Verification:

    Submitted documents and eligibility parameters are verified as per RBI/NBFC norms.

  • 4. Repayment Mode Setup:

    Customize your EMI repayment mode, including auto-debit instructions or post-dated cheques, to suit your convenience.

  • 5. Loan Disbursal:

    Upon approval, the sanctioned top-up amount is credited directly to your bank account, enabling instant access to funds.

Eligibility & Documents

eligibility-img

Eligibility Criteria To Get Top Up On Home Loan

To be eligible for a Home Loan Top Up, applicants generally need to meet the following criteria:

Residency:

Must be an Indian resident

Age:

Salaried individuals: 23 to 70 years (at loan maturity)
Self-employed professionals/non-professionals: 25 to 70 years (at loan maturity)

Employment:

Must have an active home loan account with L&T Finance or other recognized lenders

Creditworthiness:

Good credit score with a consistent track record of timely repayment on the existing loan

Income Proof:

Steady and verifiable income as per RBI/NBFC norms; co-applicant or additional income sources may enhance eligibility

document-img

Documents Required

The documentation for availing a Home Loan Top Up is straightforward but varies based on employment type:

Age Proof

Aadhaar Card, PAN Card, or Passport

Address Proof

Utility bills (not older than 2 months), Aadhaar Card, Driving License, Passport, or Voter ID Card

Photo ID Proof

Photo ID Proof PAN Card plus any one of the following: Aadhaar Card, Driving License, Passport, Voter ID, NREGA Job Card, or National Population Register letter containing name and address

Other Documents

Existing home loan sanction letter, property documents as collateral proof, bank statements for the last 3–6 months, and any additional documents as requested by the lender

Income Proof

Salaried employees: Salary slips, Form 16, bank statement showing salary credits, and employment certificate. Self-employed: ITR for last 2-3 years, bank statements, business proof, financial statements. Steady and verifiable income as per RBI/NBFC norms; co-applicant or additional income sources may enhance eligibility. List of required income documents

Fees & Charges For Top-Up Home Loan

The cost structure includes the following fees, all subject to applicable taxes:

  • Processing Fees:

    Up to 3% of the sanctioned loan amount + applicable taxes

  • Loan Sanction Fees:

    Up to ₹5,000 (non-refundable)

  • EMI Bounce Charges:

    ₹500 (Less than ₹5 Lakh loan) to ₹2,000 (Above ₹2 Crore loan)

Loan sanction amount (in INR)
Charges in (in INR)
< 5 lacs
₹ 500
5 – 50 Lacs
₹ 1000
>50 Lacs – 2 Cr
₹ 1500
>2 Cr
₹ 2000

  • Penal Charges (Late Payment):

    Up to 2% per month on overdue EMI + taxes

  • Annual Maintenance Charges:

    Not applicable (NA)

  • Document Retrieval / Duplicate NOC:

    Up to ₹1,000 + applicable taxes

  • Repayment instrument swap fee (per swap):

    Up to ₹500 + taxes (only for branch walk-in requests)

  • Asset Valuation & Verification:

    Asset Valuation & Verification Up to 1% of loan amount + applicable taxes

  • Documentation and Repayment Setup Fee:

    Up to ₹2,000 + taxes

  • Interest conversion fee:

    Floating interest rate to floating interest rate: 0.5% of balance Loan Amt. or Rs. 10,000/- whichever is higher + applicable taxes
    Floating interest rate to a fixed interest rate and vice versa: 1% of balance Loan Amt. or Rs. 10,000/- whichever is higher + applicable taxes

  • SARFAESI Act-related charges:

    Actual cost or capped amounts for notices and legal actions

  • Loan Cancellation Charges:

    Up to ₹5,000 + applicable taxes

  • Foreclosure / Full Prepayment Charges
    Fixed Rate: Up to 3% (within 1 year), Up to 2% (post 1 year) on principal outstanding + taxes:

    Floating Rate: Nil

  • Prepayment Charges
    Fixed Rate: Up to 3% (within 1 year), Up to 2% (after 1 year) on prepaid amount + taxes

    Floating Rate: Nil

  • Non-Compliance Charges:

    Up to 1% of principal outstanding + taxes

  • Field Collection Service Fee:

    Up to ₹500 per collection + taxes

  • Legal Fees and Charges:

    As per actuals; capped at ₹50,000 + taxes

  • Recovery Charges:

    As per actuals; capped at ₹1,00,000 + taxes

  • Auction Fees:

    Up to 1% of the auction sale amount + taxes

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Looking for instant funds?

Get easy top Up on your home loan to fulfill your immediate goals

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