Is there a maximum loan amount for Repair/Top-Up Loans?
- Posted: 2nd July, 2025
- Updated: 3rd July, 2025
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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 Type | Maximum Loan Amount |
|---|---|
| Property Repairs | ₹10-20 lakhs |
| Vehicle Repairs | ₹5-10 lakhs |
| Top-Up Loans | Varies by financial institution |
Check with your financial institution for specific limits based on your individual circumstances.
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