Is a top-up loan cheaper than a personal loan?

Yes, usually top-up loans on home loans have significantly lower interest rates than unsecured personal loans.

FinCalc

Top-Up Loan EMI Calculator

Estimate EMI impact and revised amortization when a top-up is taken on an existing loan.

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Top-Up Loan EMI Calculator

Estimate EMI impact and revised amortization when a top-up is taken on an existing loan.

Base Loan (Original)

Original Principal₹50.00 Lakh

₹

₹1.00 Lakh₹10.00 Cr

Original Tenure (Years)20

135

Original Rate (%)8%

030

Top-Up Loan (New)

Top-Up Amount₹10.00 Lakh

₹

₹1.00 Lakh₹5.00 Cr

Top-Up Year5

119

Top-Up Rate (%)9%

030

Top-Up Processing Fee (%)0%

Fee Amount: ₹0

Combined Monthly EMI

₹54,530

After top-up is taken

Total Interest Paid

₹63,24,685

Base loan + Top-up combined

Total Payment

₹1,23,24,685

Principal + Interest combined

Principal

Interest

Principal vs. Interest Repayment

Visualizing the components of your annual payments.

Amortization Schedule

Year

Principal
(A)

Interest
(B)

Expenses
(C)

Total Payment
(A + B + C)

Balance

Paid %

₹1,05,683

₹3,96,181

₹0

₹5,01,864

₹48,94,317

₹1,14,455

₹3,87,409

₹0

₹5,01,864

₹47,79,862

₹1,23,955

₹3,77,909

₹0

₹5,01,864

₹46,55,907

₹1,34,243

₹3,67,621

₹0

₹5,01,864

₹45,21,664

₹1,45,385

₹3,56,479

₹0

₹5,01,864

₹43,76,279

₹1,77,704

₹4,76,653

₹0

₹6,54,358

₹51,98,575

₹1,94,374

₹4,59,984

₹0

₹6,54,358

₹50,04,201

₹2,12,608

₹4,41,750

₹0

₹6,54,358

₹47,91,593

₹2,32,552

₹4,21,806

₹0

₹6,54,358

₹45,59,042

₹2,54,367

₹3,99,991

₹0

₹6,54,358

₹43,04,675

₹2,78,228

₹3,76,130

₹0

₹6,54,358

₹40,26,447

₹3,04,328

₹3,50,030

₹0

₹6,54,358

₹37,22,119

₹3,32,876

₹3,21,482

₹0

₹6,54,358

₹33,89,243

₹3,64,102

₹2,90,256

₹0

₹6,54,358

₹30,25,142

₹3,98,257

₹2,56,101

₹0

₹6,54,358

₹26,26,885

₹4,35,616

₹2,18,741

₹0

₹6,54,358

₹21,91,268

₹4,76,480

₹1,77,877

₹0

₹6,54,358

₹17,14,788

₹5,21,177

₹1,33,180

₹0

₹6,54,358

₹11,93,611

₹5,70,067

₹84,290

₹0

₹6,54,358

₹6,23,544

₹30,814

₹0

₹6,54,358

₹0

TIP Click on [+] to view monthly breakdown. Principal (A) includes monthly EMIs and any prepayments made.

* Values rounded

Understanding Top-Up Loans

A Top-Up Loan is an additional loan you take on top of your existing home loan.

Why choose a Top-Up Loan?

Cheaper than Personal Loans: Interest rates are usually much lower (closer to home loan rates).
Longer Tenure: You can repay it over a long period (often 10-20 years), reducing your monthly burden.
No Security Needed: It uses your existing home as collateral.

Smart Usage Tips

Use it for high-value expenses like Home Renovation, Medical Emergencies, or Weddings. Avoid using it for daily expenses as it increases your long-term debt.

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Your email address will not be published. Required fields are marked *

No comments yet. Be the first to share your thoughts!

Base Loan (Original)

Original Principal₹50.00 Lakh

₹

₹1.00 Lakh₹10.00 Cr

Original Tenure (Years)20

135

Original Rate (%)8%

030

Top-Up Loan (New)

Top-Up Amount₹10.00 Lakh

₹

₹1.00 Lakh₹5.00 Cr

Top-Up Year5

119

Top-Up Rate (%)9%

030

Top-Up Processing Fee (%)0%

Fee Amount: ₹0

Combined Monthly EMI

₹54,530

After top-up is taken

Total Interest Paid

₹63,24,685

Base loan + Top-up combined

Total Payment

₹1,23,24,685

Principal + Interest combined

Principal

Interest

Principal vs. Interest Repayment

Visualizing the components of your annual payments.

Amortization Schedule

Year

Principal
(A)

Interest
(B)

Expenses
(C)

Total Payment
(A + B + C)

Balance

Paid %

₹1,05,683

₹3,96,181

₹0

₹5,01,864

₹48,94,317

₹1,14,455

₹3,87,409

₹0

₹5,01,864

₹47,79,862

₹1,23,955

₹3,77,909

₹0

₹5,01,864

₹46,55,907

₹1,34,243

₹3,67,621

₹0

₹5,01,864

₹45,21,664

₹1,45,385

₹3,56,479

₹0

₹5,01,864

₹43,76,279

₹1,77,704

₹4,76,653

₹0

₹6,54,358

₹51,98,575

₹1,94,374

₹4,59,984

₹0

₹6,54,358

₹50,04,201

₹2,12,608

₹4,41,750

₹0

₹6,54,358

₹47,91,593

₹2,32,552

₹4,21,806

₹0

₹6,54,358

₹45,59,042

₹2,54,367

₹3,99,991

₹0

₹6,54,358

₹43,04,675

₹2,78,228

₹3,76,130

₹0

₹6,54,358

₹40,26,447

₹3,04,328

₹3,50,030

₹0

₹6,54,358

₹37,22,119

₹3,32,876

₹3,21,482

₹0

₹6,54,358

₹33,89,243

₹3,64,102

₹2,90,256

₹0

₹6,54,358

₹30,25,142

₹3,98,257

₹2,56,101

₹0

₹6,54,358

₹26,26,885

₹4,35,616

₹2,18,741

₹0

₹6,54,358

₹21,91,268

₹4,76,480

₹1,77,877

₹0

₹6,54,358

₹17,14,788

₹5,21,177

₹1,33,180

₹0

₹6,54,358

₹11,93,611

₹5,70,067

₹84,290

₹0

₹6,54,358

₹6,23,544

₹30,814

₹0

₹6,54,358

₹0

TIP Click on [+] to view monthly breakdown. Principal (A) includes monthly EMIs and any prepayments made.

* Values rounded

Understanding Top-Up Loans

A Top-Up Loan is an additional loan you take on top of your existing home loan.

Why choose a Top-Up Loan?

Cheaper than Personal Loans: Interest rates are usually much lower (closer to home loan rates).
Longer Tenure: You can repay it over a long period (often 10-20 years), reducing your monthly burden.
No Security Needed: It uses your existing home as collateral.

Smart Usage Tips

Use it for high-value expenses like Home Renovation, Medical Emergencies, or Weddings. Avoid using it for daily expenses as it increases your long-term debt.

Top-Up Loan EMI Calculator

Leave a Reply

Top-Up Loan EMI Calculator

Base Loan (Original)

Top-Up Loan (New)

Principal vs. Interest Repayment

Amortization Schedule

Understanding Top-Up Loans

Smart Usage Tips

Leave a Reply

Base Loan (Original)

Top-Up Loan (New)

Principal vs. Interest Repayment

Amortization Schedule

Understanding Top-Up Loans

Smart Usage Tips