Top Up Loan for Your Personal Needs
The need for some more money can pop up on many occasions. The most popular way of getting the urgent fund is, of course, availing a personal loan. If a person is already servicing a personal loan than he gets an exclusive way to get the urgent money which is known as Top Up on personal loan. Blog: http://www.facecool.com/profiles/blog... Apply for Loan: https://financebuddha.com/insta-loan/... Facebook :https://www.facebook.com/financebuddha Twitter:https://twitter.com/financebuddha
The need for some more money can pop up on many occasions. The most popular way of getting the urgent fund is, of course, availing a personal loan. If a person is already servicing a personal loan than he gets an exclusive way to get the urgent money which is known as Top Up on personal loan.
Blog: http://www.facecool.com/profiles/blog...
Apply for Loan: https://financebuddha.com/insta-loan/...
Facebook :https://www.facebook.com/financebuddha
Twitter:https://twitter.com/financebuddha
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Features of <strong>Top</strong> up <strong>Personal</strong> <strong>Loan</strong><br />
i) Quick Disbursal- A quicker disbursal is one of the best features of a top-up loan. It takes only<br />
a few hours to get the loan amount in the bank account. The relationship between the lender and<br />
the borrower is not new. So it takes very less time <strong>for</strong> the verification.<br />
ii) Minimal Documentation- A top-up loan is availed from the lender with whom we already<br />
have a personal loan. While applying <strong>for</strong> the first loan, the applicant has to submit all the needful<br />
documents. So most of your documents are already submitted to the lender. Furnishing the<br />
documents proving present income and liabilities are enough to get the loan sanctioned.<br />
iii) Unsecured <strong>Loan</strong> - A personal loan top up is an unsecured loan. Such loans are collateral free<br />
loans, so one doesn't need to put his valuables in line to get the loan.<br />
iv) Competitive Interest Rate- The interest rate on top-up loans is less than personal loans.<br />
There is a minimum difference of 1% between a personal loan and a top up loan. <strong>Top</strong> up loans<br />
are always cheaper than personal loans.<br />
v) Multipurpose <strong>Loan</strong> - Just like any a personal loan, a top-up loan can also be used <strong>for</strong> any<br />
personal purpose without defending law and order. Either it may be bearing medical expenses or<br />
paying outstanding bills on a credit card, a top-up loan amount can be used <strong>for</strong> personal needs.<br />
Eligibility criteria <strong>for</strong> applying a top-up loan<br />
• The base loan must be within 9-18 months old.<br />
• There must not be any EMI due.<br />
• No records of cheque bounced<br />
• Job stability<br />
• FOIR not more than 50%.<br />
How to avail a top-up personal loan<br />
Availing a top up personal loan is not a difficult task. An existing customer can avail a top-up<br />
personal loan online by using the website of the lender or visiting the branch office. The process<br />
of availing a top-up loan is very simple. Filling up the application <strong>for</strong>m with some basic<br />
documents is enough to get the loan sanctioned.
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