Top-Up Loan
✓ Last verified 14 Sep 2026
The short version
A top-up loan adds additional borrowing on top of an existing loan you're already repaying well, typically at a lower rate than a fresh unsecured loan, since the lender already has a track record and often existing collateral.
Available to borrowers with a good repayment history on an existing loan (commonly a home loan), a top-up loan lets you borrow additional funds without a fresh, full loan application process - often at a rate closer to the existing loan's rate than a new unsecured personal loan would carry. It's frequently used for home renovation, education expenses, or consolidating other higher-rate debt, leveraging an existing, well-performing loan relationship rather than starting from scratch with a new lender.
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