Can I apply for another loan if I have other loans already?

Yes, you can apply for a loan with us if you have other financial commitments already. In many cases we will offer you a loan that pays off your existing loan, and then provides you with additional funds.  

We are committed to responsible lending. Once you submit an application, we will conduct a credit assessment, where we will verify your latest income and expenditure levels.   


In some cases we won’t be able to offer you another loan. Typical reasons for this can include:  


  • You already have two active small amount credit contracts (‘SACC’s). New regulations only allow individuals to have a maximum of two SACC’s at any time.  
  • The loan repayments on a further loan may exceed the maximum allowed under government regulations. 
  • There's a notable frequency of reversed payments in the bank account within the last 90 days. 
  • Income is insufficient to cover both living expenses and loan repayments.