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Can I apply for another loan if I already have an active loan with Funding Societies?
Can I apply for another loan if I already have an active loan with Funding Societies?

Yes, you may apply for a subsequent loan subject to conditions

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Written by Borrower's Assistant (Jason)
Updated over a week ago

Yes, you may apply for a subsequent loan with Funding Societies subject to another round of credit underwriting, especially if it has been some time has passed since the initial loan. 

However, as this will be considered another loan, you may be required to pay off the full outstanding amount of the existing loan before a new loan is extended. This depends on the conditions set by the credit team.

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