Can we top-up my Flex loan and borrow additional money?

Can we top-up my Flex loan and borrow additional money?

We are going to help keep you updated in the condition of the application by mail and text, and you may in addition phone our friendly buyer team TOTALLY FREE on to talk about the condition of the application.

Can we top-up my available KickStart Loan?

Like a devoted SMB buyer, we might like to assist both you and top-up your KickStart loan if you want even more resources, but brand brand- new federal federal Government regulations introduced in the first May 2021 today imply our company is struggling to provide top-ups to the consumers who possess an open high-cost SMB loan.

These brand- new principles additionally imply you’re not capable head to every other high-cost lenders when you have actually a high-cost loan that is open. It is possible to find out more about these principles right right here. The full total price of Credit Cap legislation implies the restriction left on the loan is certainly not adequate for you really to top-up and borrow more cash, whilst the quantity repaid could be higher than dual your loan that is initial advance.

We have been sorry, it is away from our control, we do would you like to help our consumers but our company is perhaps maybe maybe not allowed to!

Don’t stress! The next occasion you use with Save the Bacon you’ll be able to make an application for our NEW Flex Loan – Flex features a reduced rate of interest and repayment that is flexible, that will enhance your credit rating in the event that you carry on track together with your repayments. And you will top-up! Yay! Top-ups will remain susceptible to our typical financing evaluation.

After you have repaid your Kickstart that is current loan we’re going to make contact to tell you whenever you are in a position to re-apply.

a customer loan is viewed as to be a loan that is high-cost the yearly interest has ended 50%

Can we top-up my Flex loan and borrow additional loan company Maine money?

You certain can! We have been providing top-ups on our Flex loan.

Fundamentally, a top-up is just a loan that is new simply with a percentage regarding the resources used to stay your past loan stability.

You simply need to ensure the top-up is sufficient to clear your present loan stability AND protect down the thing you need the loan that is new.

The quantity you can easily top-up by is dependent on your circumstances that are individual! Each top up demand for extra resources is susceptible to a full credit evaluation.

Everything we consider once we assess your top-up application for the loan:

  • You have got a brief history of creating re re payments timely in your present Flex Loan
  • That the brand-new loan continues to be inexpensive and there’s been no considerable improvement in your position including alterations in earnings, expenditures along with other monetary obligations
  • The brand new loan goes on for you personally and goals
  • You’ve got shown good account behaviour showing a borrower that is responsible. This consists of (although not limited by):
    1. Reversals with other credit and/or energy providers
    2. Transfers and distributions causing reversals
    3. Problem betting affecting your capability to meet up with re payment obligations

May I repay my loan early?

You can easily request a very early payment at any moment at no extra expense or punishment!

Please phone our repayments team TOTALLY TOTALLY FREE on before generally making an additional re payment with the exact balance to pay and adjust your repayment schedule if necessary so we can provide you.

View here to learn more about repaying your loan.

What goes on if i cannot make my repayment?

You want to make sure you have actually the most useful borrowing from the bank knowledge feasible so we have actually a quantity of choices offered to help keep you on the right track. We encourage you to definitely call us in the event that you can’t create a payment – we could speak about your choices and adjust your repayments!

Our repayments that are friendly tend to be right here to greatly help – provide them with a telephone telephone call FREE on or deliver a contact to

We realize that occasionally it is possible to struggle economically, our company is here that will help you! though it can just be tempting to overlook the circumstance and hope things will enhance for the greater, missing a repayment may harm your credit rating! Should you believe things may get out of hand or if your own personal circumstance has changed, all you have to do is call us and then we will help protect your rating, and come together to locate a payment solution this is certainly ideal.

Click on this link to learn more about repaying your loan.

Click the link to learn more about pecuniary hardship.

Your Save My Bacon loan is a monetary dedication. We shall help you with assessing your budget but kindly make certain you come in a posture to pay for Your repayments today as well as in the long run.