Financial emergencies show up when we least expect it. Sometimes, these needs happen at the most inconvenient times. Perhaps you’re already servicing a Lupiya loan, and can’t get access to more funds until the loan is repaid.
Having our clients in mind we came up with a solution to help remedy this challenge. Here are some questions and answers we think you’ll need to know about the Lupiya top-up facility:
1. What is a loan top-up?
This feature allows you to get more money from Lupiya before completing your payment for an existing loan.
2. Am I eligible for a loan top-up?
If you are half way through your loan and have made consistent repayments on-time, you are eligible.
3.How much can I top up with?
To determine how much you are eligible for our team will request your latest pay slip and bank statement.
4. How will Lupiya calculate my new loan amount?
Your new loan amount is an addition of the amount you wish to top-up with and your outstanding balance from the original loan.
For example, if you wish to top-up K3,000 and you had K5,000 on your remaining loan balance, your new loan amount would be K5,000 + K3,000 = K8,000.
5. Will I get new loan terms?
Your old loan will be adjusted after you confirm a top-up. However, the new loan will have the same interest rate and repayment period of your original loan. For example, if your original loan interest rate was 8% for 6 months, the same will apply for the new loan.
