Two-Wheeler Loan Top-Up: How to Get Additional Funds

With two-wheeler loan top-up you can get additional funds with lower interest rates, and simplified documentation. Also, there are no end-use restrictions for such loans.

It simplifies your finances by paying off high-interest debts with a lower interest rate.

To avail such loans, you need minimal paperwork as you already have a loan with the bank.

Ujjivan SFB offers affordable two-wheeler loans that comes with multiple benefits including up to 95% financing of the on-road price of the vehicle, minimal documentation, competitive interest rates, and more.

Yes, depending on the use of additional funds, you may be eligible for tax deductions. For instance, if you open Ujjivan SFB Tax-Saver FD with additional credit, you will be eligible for tax deduction under Section 80C of the Income Tax Act, 1961.

Good credit score, clean repayment history, and your existing loan duration are the usual requirements to qualify for a two-wheeler loan top-up.

It may increase your EMIs and strain your finances due to shorter repayment periods.

Yes, banks may charge processing fees, appraisal fees, or legal costs.