Can I get a second Loan

Could I get a second loan?

Is it possible to get another loan before I have disbursed the one I now have? What can I get? Initial candidates can usually lend up to 500, and once you have successfully and punctually paid back a loan and completed the loan and affordable loan tests, you may be considered for expanded funding up to 1000 pounds. How does it affect how much you can lend? Our dedication to accountable lenders includes a series of processes for conducting our own business in order to make sure that we offer the right products to our clients.

These include confirmation of the borrower's application ground, job title, pay and creditworthiness. Through these audits, we make sure that a client does not receive a loan that he cannot finance or that puts him in a poorer situation. Below are the determinants that affect how much you can borrow:

Accessibility analyses are used to determine how much you want to lend and what you can afford it for. You may want to lend the maximal amount, for example, but your return wage may not be high enough to keep up with repayments and all other expenditures such as rents and meals.

Also, we will try to get an impression of your revenue and expenditure by asking some question and reviewing your loan histories. Together this will decide how much you can lend. When you want to lend for a longer term, e.g. up to 6 weeks, you may be able to lend a little more because you divide the refunds into quarterly installments - instead of having to pay back a flat rate at the end of the first monthly time.

With the help of a information bureau we conduct a loan review for each request before approving it. It allows us to see how well the claimant has paid back other kinds of debts in the past and whether they have any other pending payment day debts. Assuming the claimant has a good reputation and no default, it is likely that he will be able to lend the amount called for.

If, however, the client does not have a certain solvency, he cannot be eligible for a loan. As an alternative, a lower amount may be proposed if the person represents a greater exposure to counterparty risks because of their financial standing. When you are a client who has received credits from us in the past, this will give us a better understanding of how well you are managing your loan.

You may be able to lend more than 500 if you have previously lent from us, paid back your loan on good terms and re-scored the standardised tests. If you are a repeat client, you have your own log-in so that you can log in much more quickly. Continue to undergo periodic review of your insurance policies to make sure you are considered for a loan.

Is there more than one loan I can open? There is a pure interest rate options that can be used up to two different loans. You can only use this if you are authorized and the authorization is controlled by system regulations. Using this options will extend your credit amount and credit period.

Mehr zum Thema