Top Up Loan

Give your home a makeover with Top-Up Loan

Avail a Top Up Loan on your existing Home Loan with ICICI Bank or opt for a Balance Transfer and add the top-up facility

Buying your dream house is not enough. You have to renovate it into a home you desire that gives your own unique touch. Whether you’ve opted for a Home Loan, Home Improvement Loan or a Home Extension Loan from ICICI Bank, you can now avail additional finance to give your home the refurbishment it needs. You can apply for a Top-Up Home Loan. The Top-Up Loan can also be used to finance business and personal expenses.

Get revised loan repayment tenure based on your current profile, age at loan maturity and age of property at loan maturity. The Top-Up Loan amount depends on the current value of your property and your income.

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Top Up Home Loan Eligibility Criteria

  • Pay your existing Home Loan EMIs for 12 consecutive months to be eligible for Top-Up Loans
  • You may apply for the Top-Up Loan during the course of your existing Home Loan or 12 months after repaying your existing Home Loan.
  • You may also apply for the Top-Up facility basis the last 12 months' track record of the Top-up Loan being refinanced from another institution, subject to possession/completion of the property.

Top-Up Home Loan – Exclusive Features

  • High-value loan amount
  • Extended Loan Repayment Tenure of up to 20 years
  • Simplified documentation and instant disbursal
  • Speedy loan processing with overdraft facility
  • Attractive interest rates on the Top-Up amount

Top-Up Home Loan – Prime Benefits

  • EMI restructuring as required
  • Online loan application facility
  • No restriction on the end use of the loan amount
  • Tax deduction of up to Rs. 200,000 on the Top-Up Loan interest under Section 24
  • Foreclosure and part-prepayment facilities

Top-Up Home Loan – Documents Required

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Top-up Home Loan- Interest Rate, Fees and Charges

All customers with an existing Home Loan, Home Improvement Loan or a Home Extension Loan can apply for a Top Up Loan.

You can apply for a Top Up Loan after 12 months of the final disbursement of your existing Home Loan and upon possession/completion of the existing financed property or basis the last 12 months track record of the Top Up Loan being refinanced from another institution, subject to possession/completion of the property. The tenure of the loan is also dependent on the customer’s profile, age of customer at maturity of loan, age of property at loan maturity, depending upon the specific repayment scheme as may be opted and any other terms which may be applicable based on prevalent norms.

Features & Benefits
  • Loans for a variety of personal or professional needs (other than for speculative purposes)
  • Loans for existing customers as well as new customers availing of our Balance Transfer Facility
  • Loan can be used for many purpose such as Educational Fees, Medical Expenses, Travel, buying used luxury car, Debt Consolidation etc.”
  • Attractive interest rates
  • Easy and hassle free documentation

Top-Up Home Loan – FAQs

  • How can I apply for a Top-Up Home Loan from ICICI Bank?

    You can apply for a Top-Up Home Loan online through your Home Loan account or by visiting the branch of the ICICI Bank from where you availed your original Home Loan. You may also contact us on our customer service helpline.

  • Who is eligible for Top-up Home loans?

    Salaried individuals and self-employed professionals repaying an existing Home Loan, Home Extension Loan or Home Improvement can apply for this loan. Such applicants should have a good track record of repaying their existing loan over the last 12 months.

    You may apply for the Top-up Home loan as a new customer of a Balance Transfer Home Loan

  • If I opt for a Top-Up Loan, what happens to my existing Home Loan?

    When your Top-Up Loan request is approved, your existing Home Loan account is closed and a new loan account is generated for you. You can see your new outstanding loan amount and amortisation table, revised EMI and tenure etc., in the new account.

  • What happens to my old loan agreement?

    Your old loan agreement is cancelled and you have to sign a new agreement containing details of the previously unpaid loan amount + the Top-Up loan amount.

  • Do I have to pay a loan processing fee for a Top-Up Home Loan?

    Yes, since a Top-Up Loan is treated as a new loan, with new terms and conditions of repayment, you are required to pay a fresh loan processing fee for your Top-Up Home Loan.