Can I change the length of my loan?
pbedford83 (2 yrs ago)
I need it over 12 months now not 24, also what the maximum amount of time i can take a loan out over?
FLM Loans (6 mths ago)
Yes you can, as long as you haven't already had your loan paid out. If you have then it's too late to change it.
If you haven't sent your forms back yet, all you need to do is log in with your FLM username and password we gave you and edit section 2 of the application page. From here, you'll be able to change the amount you want to borrow and the repayment term. Choose how long you would like to pay the loan back over and then print out a new agreement form. 60 months is the maximum term we are currently able to offer.
When you sign and send back your agreement form, check to make sure it's for the right amount and right term. If you've printed off multiple forms, it can get confusing.
Comments (6)
FLM Loans (2 yrs ago)
I'm afraid we can only issue £2000 over 12-36 months; you cannot pay it back over a longer period.
shirley4848 (12 mths ago)
I want a top up loan for no longer than 48 months but the repayments for this term is too much is there a solution to this as i do not want it over a longer period.
FLM Loans (12 mths ago)
Currently the only way to get a lower payment, is to extend the term you take your loan. There is no other way to get a lower payment.
shirley4848 (12 mths ago)
I generally feel i have been fob off I want a top up loan which after paying off the existing loan i will be left with a payout of £1,200 but for a repayment term of 48 months the repayment is £158.00, this is slightly higher than i expected can the repayments be reduce to £140.00 a month for 48 months. So long as a receive at least £1,000pds after paying off my existing loan that will be more acceptable.
FLM Loans (12 mths ago)
This will be because you're borrowing more than you need because your topup has to clear your existing balance first. You're not paying that each month for a loan of £1200 because you're borrowing a much larger loan to pay off your existing loan too. You can play around with the figures when you apply for your topup online to find an amount that leaves you with what you need, and a term that means your payments aren't too high.
steven135 (2 yrs ago)
When I have gone on to the edit page the drop down options on a 2000 pound loan do not extend beyond 36 months. Unless I can bring down the monthly repayments by extending the repayment period I cannot continue. I have already texted, emailed and tried to call with this request. To date no response.
Steven Syron