Reviewed by the CreditCares advisory desk · 13 years in business finance · Last updated 10 July 2026
Refinance the loan, release extra capital.
Move an expensive facility to a sharper rate — and raise a top-up on the same security. Individual and MSME floating-rate loans carry no foreclosure penalty.
Your repayment record is an asset — spend it
A clean 12–24 month track on an existing loan makes you a prized takeover customer. New lenders compete with lower rates, and the improved property value or reduced principal creates top-up headroom.
We run the all-in math — rate saving net of processing fees and mortgage-creation costs — and only move the loan when the numbers genuinely work.
Who is eligible?
- 12+ months' clean repayment on the existing facility
- No overdues across the credit report
- Security value supporting the top-up sought
- Stable or improving business cash flows
- Existing lender NOC / foreclosure statement obtainable
Documents you'll need
- Existing sanction letter & repayment schedule
- Foreclosure / outstanding statement
- 12 months' loan-servicing bank statements
- Property papers held with current lender (list)
- Financials & ITR
Paying more than the market rate on a running loan? We map your profile to the right lenders, prepare a bank-ready file and coordinate until disbursal — at no upfront cost.
Check your eligibility