Topping up? If youвЂ™ve lent from us prior to, youвЂ™ll already fully know our loans are fast, easy and stress-free.
Let us see just what we are able to do.
therefore whether itвЂ™s for an emergency repair or a new car – you know weвЂ™ve got your back if youвЂ™re eligible for a top up and ever need a helping hand.
What exactly is a high up loan?
If youвЂ™re a current client, a top up is a straightforward option to borrow more in a period of need.
The most notable up itself is really a loan that is new. WeвЂ™ll utilize a share of the brand new loan to settle your present one (meaning you simply get one loan at the same time), and then weвЂ™ll pay out the remainder.
For instance, letвЂ™s say you curently have a loan with a present stability of ВЈ2,000. In the event that you borrowed a premier up of ВЈ5,000, weвЂ™ll use ВЈ2,000 with this to settle your old loan and then weвЂ™ll pay you the ВЈ3,000 left over. The loan that is new for ВЈ5,000, but weвЂ™ve already utilized a few of the funds to clear your current stability.
Remember, you will need to select a high up quantity that may clear your current stability and then leave you with sufficient cash to pay for things you need the loan for. The brand new loan will should also be suited to your guarantor in the event they must make any repayments in your stead.
DonвЂ™t know what your balance that is current is? Either login to your account that is online our free App: amigoloans.co.uk/mobile-app and login, or text the term вЂSTATEMENTвЂ™ to 07595553371.
Am I entitled to top up? To test you can either if you can apply for a top up:
- Text вЂTOP UPвЂ™ to 07595553371 through the number that is mobile together with your Amigo Loans account. If youвЂ™re eligible, weвЂ™ll send you a hyperlink to utilize.
- Get on your on line account. Once youвЂ™re in, weвЂ™ll let you understand if you’re able to make an application for a top up loan.
You may be qualified as soon as youвЂ™ve made 12 payments that are monthly time, providing that the account is as much as date, youвЂ™ve perhaps maybe perhaps not had any problems handling your repayments or had a lot more than two top up loans in past times. Just keep in mind, itвЂ™s down seriously to your specific circumstances so we cannot always guarantee that youвЂ™ll be authorized before you use.
How can I submit an application for a top up? Trying to get a high up is as straightforward as trying to get very first loan.
To help make the application for a top up, you can easily:
- Look at your account that is online to if you should be qualified. If you’re, go through the top up switch which will make a software.
- Follow among the links weвЂ™ll have provided for you if youвЂ™re qualified to use. This may simply just just take you directly to the applying process.
WeвЂ™ll need to ensure the re payments are affordable both for both you and your guarantor, and perhaps talk we need to double check with you over the phone if thereвЂ™s anything. If you’d like any longer info on the application form procedure, you can examine away our guide right right right here.
Offering the responses.
May I change my guarantor by having a top up? in any event, your guarantor shall need certainly to fulfill our requirements:
Your top up is a brand name brand brand new loan, if you choose to use a new guarantor or your previous one so itвЂ™s up to you.
- Be aged 18-75 if youвЂ™re making use of your current guarantor or if youвЂ™re trying to utilize some body brand new, theyвЂ™ll must be aged 23-75
- Have a UK address
- Be a homeowner, or have credit that is strong with a brief history of spending their bills on time
- Manage to spend the money for monthly obligations in the event that you didnвЂ™t pay
Click the link for the guide on whom might be your guarantor.
Do a guarantor is contacted by you for a top up?
WeвЂ™ll have to contact your guarantor once theyвЂ™ve finished their region of the application. A premier up is a brand new loan contract with various terms, so we need to ensure this will be ideal for your guarantor ahead of the loan gets settled.
WeвЂ™ll ask both you and your guarantor to accomplish a new online spending plan plan to see in the event that new payments are easily affordable. When done, weвЂ™ll also give your guarantor a call that is quick verify their details, check theyвЂ™re happy because of the top up loan and organize having to pay the income. Essentially, ensuring that standing guarantor is suitable for them.
Could I have new loan rather of a top up?
It is possible to have only one loan with Amigo at any onetime. In the place of a 2nd loan, youвЂ™ll need certainly to submit an application for a top-up anytime and when you feel qualified.
A high up is a brand new loan, simply by having a share associated with funds used to stay your past stability. It is possible to nevertheless submit an application for nonetheless much you’ll need – you simply must make sure the most notable up will do to clear your current balance and protect what you need the loan that is new.