Unlock Funds on Existing Mortgage

Borrow more on your existing mortgage at lower rates than personal loans. Roll it into a single EMI for renovations, education, or debt consolidation with extended tenures and tax benefits.

Everything from eligibility to documentation in one compact guide.

Starting Rate8.45% p.a.
Max Tenure30 Years
Approval1-2 Weeks
Max FundsUp to 50%
Top-Up Highlights
Interest Rate8.45–9.25% p.a.
TenureUp to 20 years
LTV RatioUp to 80%
EMI IntegrationSingle EMI Logic
Tax BenefitsSec 24B & 80C
Lender Rates (2025)
LenderRate (p.a.)Fee
SBI8.00% – 10.50%0.35%
Axis8.75% onwards1%
HDFC9.00% – 10.95%1%
ICICI9.75% – 10.25%Insta
“What is it? An additional facility to borrow funds on your existing home loan at competitive rates without a separate loan.”

General Purpose

Freedom for travel, weddings or debt.

Pre-Approved

Minimal papers for existing users.

Balance Transfer

Switch lenders with Top-Up funds.

Renovation

Specifically for home improvements.

Eligibility Checklist
PropertyResidential/Clear Title
HistoryNo EMI bounce in 1 year
TenureAfter 6mo clear repayments
CIBIL750+ score preferred
Key Benefits
CostLower rates than Personal Loans
EMIsSingle consolidated monthly payment
CollateralSecured against existing property
SpeedFaster disbursal for existing users

Apply with Myloans

Digital First Experience: Apply from the comfort of your home. Scan your docs, fill in your details, and get digital approval in record time.

Expert Offline Support: Prefer a face-to-face interaction? Visit our partner branches and get guided assistance for a seamless verification process.

Extensive Network: Leverage our 20+ top-tier banking partnerships to secure the lowest possible interest rates and highest eligibility.

Tax Deductions Guide

  • Sec 24: Up to ₹2L interest annually for renovation.
  • Sec 80C: Principal deduction for new construction.
  • Property: Max ₹30k for self-occupied; full for let-out.
Repayment Mechanics
  • Integrated EMIs into existing mortgage.
  • Flexible tenure alignment with original loan.
  • Partial prepayment options often available.
Factors to Consider
EMI CapacityCheck debt-to-income ratio
Loan PurposeDefine for tax eligibility
FeesProcessing/Admin charges

Summary: A smart, cost-effective way to unlock funds—often 1–2% lower than personal loans—at 20-30 year tenures. Ready to maximize borrowing? Secure lowest rates via Myloans today.

Frequently Asked Questions

Is Top-Up good for me?
Yes, if you need funds. It leverages property equity at rates lower than personal loans.
Interest rates?
Typically 8.45–9.25% p.a., slightly above existing home loan rates.
How to apply?
Approach your lender; they assess track record and property value for approval.
Tax benefits?
Eligible under Sec 24(b) and 80C if used for home improvement/construction.
Is it costly?
No, it is one of the most affordable options due to being property secured.
Max borrow?
Typically 20–50% of the current outstanding loan amount.