Top Up with 1Plus1 Loans


What is a Top Up?

A Top Up is a facility we may offer our customers who have a proven track record of controlling their finances and sticking to their monthly repayment plan. You can apply for a top up at any time (after one third of your payments due have been made, or the required amount of monthly payments; see below) during your loan giving you the option to borrow more cash if needed, for anything from home improvements to a last minute holiday or car repairs. Any additional borrowing is subject to meeting our credit worthiness and affordability criteria.

 

When may I top up my loan?

You may be able to top up your loan once your outstanding balance is less than £4500. Once you reach that amount owing or less left to pay, you can apply for a top up, so long as you meet the criteria below.

  • 12 month loan - 4 monthly consecutive payments with no late payments

  • 18 month loan - 6 monthly consecutive payments made on time

  • 24 month loan - 8 monthly consecutive payments made on time

  • 30 month loan - 10 monthly consecutive payments made on time

  • 36 month loan - 10 monthly consecutive payments made on time

  • 42 month loan - 10 monthly consecutive payments made on time

  • 48 month loan - 10 monthly consecutive payments made on time

  • 54 month loan - 10 monthly consecutive payments made on time

  • 60 month loan - 10 monthly consecutive payments made on time

 

What options are available?

During the duration of your loan we offer many options to help should your personal circumstances or needs change. We offer changes such as rearranging repayment dates to a top up facility or early settlements with no hidden fees. If you are in difficulty meeting your repayments, please contact us.

 

How it works.

Should you decide that you wish to top up your loan we will generate a settlement figure, this will reduce the remaining balance of your current loan. Your new top up loan will be used to clear the balance of your current loan and what is left after the settlement is yours. Most customers continue with the same guarantor but if you need to provide a new one, it's still a simple process.

We believe that having this option gives you the safe and sound knowledge that we are here to help. Many of our customers have seized the opportunity to top up as the unexpected is sometimes just around the corner. Should you need a little extra we are only a call away. IF you wish to top up your current loan or simply discuss your options, just call our team on 0330 1200 313** and we can talk you through it.

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