14 Jan 2026 | 5 Mins Read
Don't rely on loan top-ups for extra cash
Flipitmoney
A personal loan top-up can be convenient, adding to an existing loan with minimal paperwork, but risks increasing the cost of borrowing due to extended tenure and interest. It's essential to compare total repayment, not just EMIs, and question tenure changes. Regulators require lenders to clearly disclose changes, but borrowers should insist on revised amortisation schedules.