Personal Loan Top Up from HDFC Bank
A relationship with HDFC Bank is laden with umpteen advantages; The Bank offers its existing valued customer’s unmatched privileges & offers.
HDFC Bank offers its existing personal loan customers the choice of availing additional funds; as a Top Up to the existing personal loan; with this manoeuvre the applicant is saved the hassle of paying numerous EMI’s & can avail the best terms & conditions offered by HDFC Bank.
To be eligible for a Personal Loan Top Up from HDFC Bank the applicant should meet the following criteria;
The Existing Personal Loan of the customer should have a healthy repayment track: there should not be any delay or default in payment of the EMI.
The applicant should have the monetary ability to pay the additional EMI amount. After taking into account all the current obligations; the monthly expenses & the other credit facilities taken the applicant has, the payment of the additional EMI should not be a burden.
Salary Slip for the Last 3 months.
Bank Statement from Salary account for the last 3 months showing 3 salary credits.
- Form 16 for the last financial year.
- Pan card copy
- Photo Identification proof: Passport/Driving Licence/Voter I.D./Aadhaar Card/Ration Card
- Current Address Proof – Bank Statement, Utility Bill, Rent Agreement
- Company I.D.
A Top Up is an additional loan amount added to a pre existing Personal Loan. An applicant needing funds can apply for a Top Up on the previous loan rather than applying for a secondary loan.
When funds are required it is best to take a Top Up on the existing Personal Loan if the vintage is within 6 months, so as not to disrupt the repayment track of the existing personal loan.
As the Top Up process involves the combining of the principal balance of the previous loan amount with the fresh amount, the Tenure will restructured as per the eligibility & requirement of the applicant.