What is Personal Loan Top-Up?

In personal finance, flexibility matters. Plans can change quickly, and costs can rise without warning. You may be arranging a wedding, upgrading your home, or handling an unexpected bill. In such moments, extra funds can feel like a safety net.

If you want a faster way to arrange funds, you can check your pre-approved loan offer with your phone number and OTP, apply online in minutes, and get funds in 24 hours* with no branch visit needed. 

If you already have a personal loan, a personal loan top-up can help you get the additional amount you need. It is designed for existing customers who have been repaying on time and now need extra support for a new expense. This guide explains what a top-up is, how it works, and when it can be useful.

A personal loan top-up is an additional loan facility offered to existing personal loan borrowers who need extra funds. It is added on top of your current loan amount. In many cases, it involves less paperwork than taking a fresh loan, because your lender already has your basic details and repayment history.

Why it matters: A top-up can be helpful when you have a clear need for more money, but you do not want the time and effort of starting from scratch. It is also useful when the expense is urgent, such as a hospital bill, repairs at home, or a short deadline for a family event.

If you do not have the option of a top-up on your current loan, or if you want a new loan with better terms, you can consider a fresh personal loan. One key benefit of a personal loan is flexibility. You can use the amount for many needs, such as home renovation, wedding expenses, or unexpected medical costs, without pledging any collateral.

Before you apply, it helps to know where you stand. You can check your eligibility for personal loan and understand what you may qualify for based on your profile and basic criteria.

Bajaj Finance Limited also provides pre-approved offers to select existing customers. Check your eligibility today.

*Terms and conditions apply.
 

Pre-approved offers

You can check if you have a pre-approved offer for a personal loan in Madurai with just your phone number and OTP – no need to visit the branch.

Disbursal in a few hours*

Get the loan amount in your bank account within 24 hours*, making it easy to manage any urgent expenses.

Minimal documents needed

Submit just a few basic documents to get the funds you need.

Flexible repayment tenure

You can take a personal loan ranging from Rs. 40000 to Rs. 55 lakh - and spread the repayment over long tenure of up to 8 years. 

Quick online approval

Apply online to receive quick approval on your personal loan in Madurai within a few minutes.

No collateral required

Get the personal loan without any collateral or guarantor – making the process simple and quick. Use the personal loan EMI calculator for to estimate your EMI.

Use our customer portal, My Account, and manage your loan account online.

• Nationality: Indian
• Age: 21 years to 80 years*.
• Employed with: Public, private, or MNC.
• CIBIL Score: 650 or higher.
• Customer profile: Self-employed or Salaried

*You should be 80 years* or younger, at the end of the loan tenure.

1. Visit the Personal Loan page on the Bajaj Finserv website and click on ‘APPLY’.
2. Enter your 10-digit mobile number and the OTP sent to your phone.
3. Fill in the application form with your basic loan details
4. Now, click on ‘PROCEED’ to visit the loan selection page.
5. Enter the loan amount that you need. Choose from our personal loan variants.
6. Choose the repayment tenure – you can select tenure options ranging from 12 months to 96 months and click on ‘PROCEED’.
7. Complete your KYC and submit your application.

In conclusion, choosing a personal loan from Bajaj Finance is a smart and efficient way to meet your additional funding needs, especially during unexpected expenses or when planning personal projects. It offers quick access to funds, competitive interest rates, and flexible repayment options tailored to your financial situation. Whether you aim to strengthen your finances or maintain stability during uncertain times, a Bajaj Finserv Personal Loan is a reliable solution that helps you stay on track with your goals.

Apply now to secure the best deal on your personal loan.