Can I top-up my Flex loan and borrow more income?

Can I top-up my Flex loan and borrow more income?

We will help keep you updated regarding the standing of the application by e-mail and text, and you will additionally phone our customer that is friendly team on to talk about the standing of the application.

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

Like a faithful SMB consumer, we might like to assist you and top-up your KickStart loan when you need even even more funds, but brand brand- new federal Government regulations introduced regarding the first May 2021 today imply we’re not able to provide top-ups to your consumers who have an open high-cost SMB loan.

These brand brand new guidelines additionally suggest you aren’t in a position to head to any kind of high-cost loan providers whilst you have a high-cost loan that is open. You are able to find out more about these principles right right here. The full total price of Credit Cap legislation implies the limitation left on your own loan just isn’t adequate to help you top-up and borrow more cash, while the quantity repaid could be higher than dual your loan that is initial advance.

We have been sorry, this can be away from our control, we do wish to assist our consumers but our company is perhaps maybe not allowed to!

Don’t stress! The next time you use with Save our Bacon you are able to submit an application for our NEW Flex Loan – Flex features a reduced rate of interest and repayment that is flexible, that will improve your credit rating if you carry on track together with your repayments. And you may top-up! Yay! Top-ups will nevertheless be susceptible to our lending that is normal evaluation.

After you have paid back your Kickstart that is current loan we shall get in contact to tell you while you are in a position to re-apply.

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

Can I top-up my Flex loan and borrow more income?

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

Essentially, a top-up is a loan that is new simply with a percentage associated with resources getting used to be in your earlier loan stability.

You merely must make sure the top-up is sufficient to clear your current loan balance AND protect off things you need the loan that is new.

Extent you can easily top-up by is based on your circumstances that are individual! Each top up demand for additional resources is at the mercy of a complete credit evaluation.

Everything we view whenever we assess your loan that is top-up application

  • You’ve got a brief history of creating re re payments timely on your own present Flex Loan
  • That the loan that is new inexpensive and there is no considerable improvement in your needs including alterations in earnings, costs along with other economic responsibilities
  • The loan that is new for you personally and goals
  • You have 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 re payment responsibilities

Could I repay my loan early?

You are able to request a repayment that is early any moment at no extra expense or punishment!

Kindly phone our repayments team TOTALLY 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.

View here for more information on repaying your loan.

What goes on if i cannot make my payment?

You want to make sure you have actually the borrowing experience that is best feasible therefore we have actually a quantity of choices open to help keep you on the right track. We encourage one to e mail us in the event that you can’t make re re payment – we could discuss your alternatives and adjust your repayments!

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

We realize that occasionally you are able to struggle economically, our company is right right here that will help you! Though online instalment loans Delaware it can be attractive to simply overlook the circumstance and hope things will enhance for the higher, missing a repayment may harm your credit rating! Should you feel things may get out of hand or if perhaps your own circumstance changed, all you have to do is contact us so we often helps protect your rating, and come together to get a payment option this is certainly appropriate.

Click the link to learn more about repaying your loan.

Click the link to learn more about pecuniary hardship.

Your Save My Bacon loan is a commitment that is financial. We are going to help you with evaluating your position that is financial but make certain you have been in a place to pay for Your repayments today plus in the long term.