How Does Top-Up Lending Work?
Top-up lending is an additional amount that a borrower can receive if they already have an active loan. This is particularly convenient when the client initially took out a smaller sum than the allowed credit limit, but later found a need for extra funds.
For example, a client was given a credit limit of 10,000 UAH, but at the time of applying for the loan, they decided to take only 6,000 UAH for 21 days. After some time, they needed additional funds and decided to utilize the top-up lending option. In this case, they can submit an additional application and receive the remaining 4,000 UAH within their limit, without needing to take out a new loan or extend the term of the existing loan.
Conditions for Receiving Additional Funds
To take advantage of top-up lending, the borrower must meet several conditions.
- The loan taken must be less than the available limit. If the client initially borrowed a smaller amount than the established limit allowed, they can apply for top-up lending for the remaining part.
- If the borrower has already repaid part of their loan, they can apply for top-up lending for the remaining amount within the available limit.
- Top-up lending does not extend the term of the current loan. This means that the additional funds can only be used while the existing agreement is in effect.
It is important to understand that top-up lending is not a new loan, but merely an addition of funds within the already established agreement. This mechanism does not imply having two separate loans simultaneously, but rather expands the possibilities of the current credit agreement.
Where Can You Use the Top-Up Lending Service?
Top-up lending is available at various microfinance companies offering quick online loans. At "ShvydkoHroshi," top-up lending is also a popular service. The company allows for a quick arrangement of additional funds, which has already been appreciated by 87% of clients. You can apply for a loan online with "ShvydkoHroshi" through the mobile app, the company’s website, or at one of the physical branches in your city.
Advantages of Top-Up Lending in MFOs
Top-up lending is a convenient financial tool with several significant advantages:
- no need to submit a new application;
- once the application is submitted, the money is transferred to the client's card within minutes;
- the client chooses how much money they need within the available limit;
- there is no requirement to sign a new contract. Everything is arranged within the framework of the already existing loan without needing to sign a new agreement.
"ShvydkoHroshi" – Quick Loans Without Waiting
In addition to the top-up lending service, many clients also choose "ShvydkoHroshi" – one of the most popular microfinance organizations in Ukraine. The company offers instant cash loans or loans to a card.
Benefits of "ShvydkoHroshi":
- quick processing without unnecessary documents;
- loan availability even for people without official employment;
- the ability to receive money both at a branch and online.
The conclusion is this: if you urgently need money, top-up lending and quick microloans, then "ShvydkoHroshi" (LLC "Consumer Center") is an excellent solution, allowing you to obtain the necessary amount in the shortest time with minimal requirements.
Indefinite license for conducting economic activities in providing financial services, namely for providing loans, including on financial credit terms, issued based on the Order of the National Commission for Financial Service Markets Regulation dated 28.02.2017 No. 438.