Anagh Pal23 Nov 2023, 11:28
Several financial institutions offer a top-up on personal loans to existing borrowers who have a good repayment track record. “This allows such borrowers to avail additional funds on top of their existing personal loan,” says Adhil Shetty, CEO, BankBazaar, a financial marketplace.“The eligibility criteria for a top-up loan may vary between lenders and typically depend on factors such as your repayment history, credit score, and the lender's policies,” says Adhil Shetty, CEO, BankBazaar. Some lenders may also have specific criteria such as completing a certain number of EMIs before a top-up is offered.