When you borrow from Sovereign Credit Union you can only have one loan at a time. However, loans can be topped-up. This is when you apply to borrow more and include refinancing your existing loan.
In most cases you can apply for a top-up 3 months after your existing loan's start date.
I may be eligible to a maximum of 2 top-ups on each loan, and that I may not apply for a top up until 33% of the original loan is paid.
Top-ups are offered subject to status and are not guaranteed.
For inquiries regarding a top-up, please get in touch with us.
