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Is there a maximum loan amount for Repair/Top-Up Loans?

The maximum loan amount for Repair/Top-Up Loans depends on several factors, such as:

  • Existing Loan Balance: For top-up loans, the amount is linked to your current loan balance.
  • Property/Vehicle Value: In repair loans, the asset’s value (house, vehicle) plays a significant role in determining the loan limit.
  • Income and Repayment Capacity: Financial institutions assess your income and ability to repay to calculate the maximum loan amount.
Loan TypeMaximum Loan Amount
Property Repairs₹10-20 lakhs
Vehicle Repairs₹5-10 lakhs
Top-Up LoansVaries by financial institution

Check with your financial institution for specific limits based on your individual circumstances.