Can we top-up my Flex loan and borrow more cash?

Can we top-up my Flex loan and borrow more cash?

We will keep you updated regarding the condition of one’s application by mail and text, and you may in addition call our friendly buyer team TOTALLY FREE on to go over the condition of one’s application.

Can we top-up my KickStart that is open Loan?

Like a devoted SMB client, we’d like to help both you and top-up your KickStart loan if you want more resources, but brand brand- new federal federal Government regulations introduced regarding the first May 2021 today imply our company is unable to provide top-ups to your consumers that have an open high-cost SMB loan.

These brand brand- brand new guidelines additionally suggest you’re not in a position to visit any kind of high-cost lenders when you have actually an open high-cost loan. You can easily find out more about these principles right right here. The sum total price of Credit Cap legislation suggests the limitation left on your own loan is certainly not adequate for you a fantastic read really to top-up and borrow more income, because the quantity repaid is higher than dual your loan that is initial advance.

We’re sorry, it is away from our control, we do desire to assist our clients but our company is perhaps not allowed to!

Don’t stress! The next time you use with Save the Bacon it is possible to make an application for our NEW Flex Loan – Flex has actually a diminished rate of interest and repayment that is flexible, that may enhance your credit rating in the event that you carry on track together with your repayments. And you may top-up! Yay! Top-ups will remain susceptible to our lending that is normal evaluation.

Once you’ve paid back your Kickstart that is current loan we are going to make contact to inform you if you are in a position to re-apply.

a customer loan is viewed as to become a high-cost loan if the yearly rate of interest is finished 50%

Can we top-up my Flex loan and borrow more cash?

You pretty sure can! Our company is providing top-ups on our Flex loan.

Essentially, a top-up is really a brand-new loan, simply with a percentage of this resources getting used to be in your earlier loan stability.

You simply must make sure the top-up is sufficient to clear your present loan stability AND protect down things you need the loan that is new.

The total amount you can easily top-up by is based on your individual situations! Each top up demand for extra resources is susceptible to a complete credit evaluation.

That which we have a look at as soon as we assess your top-up application for the loan:

  • You have got a record of earning re re re payments timely in your Flex that is current Loan
  • That the brand new loan remains inexpensive and there’s been no considerable change in your position including alterations in earnings, costs along with other monetary obligations
  • The loan that is new for you personally and targets
  • You have got shown good account behaviour showing a responsible debtor. 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 satisfy re payment responsibilities

May I repay my loan early?

You can easily request a repayment that is early any moment at no extra expense or penalty!

Kindly phone our repayments team TOTALLY FREE on before you make a supplementary re payment with the exact balance to pay and adjust your repayment schedule if necessary so we can provide you.

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

What are the results if i cannot make my repayment?

You want to make sure you have actually the borrowing experience that is best possible therefore we have actually an amount of choices accessible to help keep you on course. We encourage you to definitely e mail us in the event that you can’t produce a re payment – we are able to explore your alternatives and adjust your repayments!

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

We realize that occasionally you are able to struggle economically, we have been here that will help you! Even though it can just be tempting to disregard the situation and hope things will enhance for the greater, missing a repayment may harm your credit rating! Should you feel things may get out of hand or if perhaps your own personal circumstance changed, all you have to do is contact us so we often helps protect your rating, and come together to locate a payment answer this is certainly appropriate.

Click the link to learn more about repaying your loan.

Click the link to learn more about monetaray hardship.

Your Save My Bacon loan is a monetary commitment. We shall help you with evaluating your budget but kindly make certain you have been in a situation to pay for Your repayments today as well as in the near future.

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