Can I get a top up loan?
Already have a loan with us but need more money? A top up loan lets you borrow extra without starting a new loan. What's a top up loan?. It adds more money to your current loan, so you only have one…
Updated
by Serve and Protect Credit Union
Already have a loan with us but need more money? A top up loan lets you borrow extra without starting a new loan.
What's a top up loan?
It adds more money to your current loan, so you only have one loan to pay with one monthly payment.
Can I get one?
Whether you can top up your loan depends on a few factors. When you apply, our lending team will look at your individual circumstances, just as we did with your original application.
Here’s what we check:
- Are you paying on time?
- Can you afford the new payments?
- Have you made enough payments on your current loan?
Note: If you’re in a loan review period, you can apply again once the period ends. If you're not sure if you are in a loan review period or when it ends, just get in touch with our friendly team.
How do I apply?
- Tell us how much you need
- Fill out an application form online
- Sign the agreement if approved
When it’s done, we’ll pay off your old loan, add the extra money you need, and you’ll have a new loan to pay.
Have questions? Ask us anytime!
Important: Loan approval isn’t guaranteed. We review every application based on your personal situation.
How did we do?
Will a hard search show up on credit report?
Things to know before getting a loan