Top-up Personal Loan
Top-up your existing personal loan with ease to meet any unexpected, new expenses.

Get Kotak League Platinum Credit Card & earn 8X reward Points on your every spends of Rs.150 across all categories.
Know More
Top-up your existing personal loan with ease to meet any unexpected, new expenses.
Top-up loan is an additional loan you can borrow on top of your existing personal loan. Only those borrowers who have already availed a personal loan are eligible for a top-up loan. Kotak Mahindra Bank offers top-up on personal loan after 9 months from your personal loan sanction.
Often, after availing a personal loan the amount may not suffice to fulfill all your needs. Or there may be a sudden rise in the expenses. At such times, a personal loan top-up can save the situation for you.
Here are some benefits of a top-up loan:
Kotak Mahindra Bank provides the borrowers with best deals on a top-up personal loan. You can enjoy an attractive personal loan interest rate even as you avail a top-up on your existing loan.
Type of Employment | Rate of Interest |
---|---|
Salaried Employees | Starting at 10.99% p.a. |
The lending bank will determine your personal loan eligibility when you apply for a personal top-up loan. A background check by Kotak Mahindra Bank includes:
Hassle-free documentation is a key feature of Kotak’s top-up loan. The documents required for personal loan are:
You can easily apply for a top-up loan from Kotak Bank.
In case of another bank’s loan, you can first go for a personal loan balance transfer.
Apply for a personal loan top up, today!
Borrower’s credit risk is an important factor that lending banks consider. The lenders also conduct a background check that includes taking into account job stability, EMIs due, number of bounced cheques, and ongoing loans.
A personal loan tenure from Kotak Mahindra Bank ranges from 1 year to 5 years. You can apply for a top-up loan after 9 months of your personal loan sanction.
Financial organisations have various fees and charges for loan approval and disbursal processes. Usually, a lending bank takes processing fees. Find out more about the applicable personal loan processing fees.
Yes, your EMI amount will increase when you avail of a top-up loan. The top-up loan is added to your previous loan, resulting in a new loan amount. You can pre-check your EMI amount using the personal loan EMI calculator.
Yes, it is possible to avail of a top-up loan to add to your existing personal loan. You can even enjoy a lower interest rate and better loan terms on your new loan amount.
No, tax benefits are not available on getting a top-up on your personal loan. A personal loan is a collateral-free loan and does not fall under any tax benefit sections.
You can apply for a personal loan top-up after 9 months of your personal loan sanction. All you have to do is send an SMS PLTOPUP on 5676788 and a Kotak executive will contact you for next steps.
Yes, a top-up loan can be of great help when your existing personal loan is not sufficient to fulfill all your financial requirements or in case of sudden needs arising.