Top-up or fresh loan? Compare the whole borrowing need
Separate the cost of switching your existing balance from the cost of extra funds.
Define the extra amount first
Write down what the additional funds are for and how much you actually need. A top-up adds to your borrowing; it does not reduce what you owe simply because it is offered alongside a transfer.
Compare like with like
Compare keeping your existing loan plus a separate fresh loan against transferring the existing balance with a top-up. Keep the extra amount and repayment timeline comparable. Include fees on every part of each option.
Look at the combined commitment
Add all monthly payments under each option and compare total repayment. A consolidated payment may be easier to track, but convenience alone does not establish that the borrowing costs less. Check whether any proposed security changes what is at risk.
Read before accepting
Ask for the sanctioned amounts, net disbursal, rate, tenure and full charges in writing. Confirm whether any deductions reduce the money you actually receive. Choose based on affordability and purpose, rather than the largest amount available.