How much can I borrow with a Repair/Top-Up Loan?

The loan amount you can borrow with a Repair/Top-Up Loan depends on several factors:

• Existing Loan Balance: For top-up loans, the amount depends on your current loan balance and the financial institution’s maximum lending limits.
• Repayment Capacity: Financial institutions will assess your income and ability to repay the loan without overburdening your finances.
• Property or Vehicle Value: In the case of repair loans, the loan amount may be tied to the estimated cost of repairs or the value of the property/vehicle.
• Financial institution Policy: Some financial institutions offer top-up loans up to ₹10 lakhs or more, depending on your profile and relationship with the financial institution.

Always check with your financial institution to determine the maximum amount you can borrow based on your individual situation.