Do I qualify for a Top Up?
roxane__x (1 year ago)
I would like to borrow some more money, can i top up? what do I need to do?
FLM Loans (2 mths ago)
If you want to know if you qualify for a top up, click here to log in to your FLM account. If you're eligible for a top-up you'll see the top up link on your page.
We can offer anything up to £5000, whether you use the same guarantor or a new one that meets our criteria. This new loan then pays off your current loan, leaving you with a payout of whatever is left.
We offer top ups to people who pay us back on time each month. By making a certain amount of repayments on time, shows us that we can trust you with more money. The amount of repayments depends on how long you took the loan over.
There is no other way around this; we have to receive these repayments before you can apply for a top-up. If you receive a late payment charge on your loan, you will need to make the relevant number of payments on time starting from the month after you received a late payment charge.
When you apply for a top up it works the same way as your original application. You can complete your application and sign your top up agreement form online, and we will provide you with a link for your guarantor to do the same.
To find out more about the top-up rules, click here.
Comments (92)
FLM Loans (1 year ago)
Hi Nicole, If you have made at least 4 months worth of repayments with no problems then you could be eligible to top up.
What I recommend is for you to log in to your online account and check, then apply for your top up.
BARNEY12 (1 year ago)
Hi,
Including a early payment I have now paid 8 payments towards my loan. I understand this means I can apply for a top up? I am unsure how this works
FLM Loans (1 year ago)
If your loan is over a 24 month term, then after 8 repayments you will be able to top up.
Crystal22 (1 year ago)
If i already have a loan and do not yet qualify for the top up am i able to apply for another loan if so how.
FLM Loans (1 year ago)
No, I'm afraid not. If you already have a loan with us the only way we'll be able to issue you with more money is through a top up or once the loan is completely paid off.
kelly1982 (1 year ago)
Hi I have paid 11 months and have 1 more month before the top up can be allowed. I am looking to pay the 12th month early to clear it off but unfortunately there was a slight delay on one of my payments. It was quickly cleared off. When I checked the account my guarantors card details had been removed and the payment did not go through their account after the payment had been refused. As I have said the payment was paid as quickly as possible and their is no arrears. Would this affect my top up?
FLM Loans (1 year ago)
When you are logged into your account online, you cannot view your guarantors bank details for security reasons.
To be able to be eligible for a topup, you have to have a perfect payment history. If you have received a letter from us advising you of the payment not being received it will affect your top up eligibility.
If the payment from your guarantor did not go through, get them to log in online and make sure all of their card details are up-to-date. It would also be a good idea to check your details are also up to date.
kath123 (10 mths ago)
i have had loan with flm for over three years i am due to pay on march 28 if i make an extra payment would i be able to top up
FLM Loans (10 mths ago)
Hi Kath,
You need to have made 12 monthly repayments before you're eligible to top up. This doesn't include early, extra payments. Currently you have made 10 and so you 12th payment would be at the end of April.
You also need to bear in mind that because your current loan was a topup on another loan, you need to make sure that your balance is low enough to be able to top up to £5000 again (your balance need to be lower than £4500 so that when you top up we can pay out at least £500 - our minimum loan)
Hope this helps
Lou77 (10 mths ago)
Apologies if you have already explained this but could you make my query clear for me please? I am eligible for a 'top up' loan, does this mean that I will have one new loan or will it mean I have my current loan to pay plus my top up loan? For example, my current payment is £137 if I topped up by £2000 at a repayment of £91 a month, will I be paying over £200 per month?
Hope I have made myself clear!!
FLM Loans (10 mths ago)
A top up loan doesn't add on to your existing loan, what you do is apply for an amount that pays off your existing loan and you get whatever's left. So for example, if you have £1500 left on your loan at the moment, if you applied for a £2000 top up loan you would only get £500 left over, but your repayments are for a £2000 loan.
Hope this helps
ben1977 (10 mths ago)
i have received an email regarding a top up. the offer is £5000.00 . is the top up for £5000.00 or are you saying i can borrow up to this amount and i will be left with the balance after repaying my existing loan? i am not sure if i am reading this wrong?
FLM Loans (10 mths ago)
You have it exactly right. A top up loan pays off your existing balance and you get whatever's left. So if your current balance has £2500 left on it, your new loan pays that off, and you get the £2500 left over.
sas12345 (10 mths ago)
Hi,you have offered me a £5000 loan,my balance is £1950,but i have a new guarantor,so does this now mean i can only borrow £3000 and only have £1050 after standing loan paid off?
FLM Loans (10 mths ago)
You can use a new guarantor and still apply for a £5000 topup. This loan pays off the original amount and you receive what ever's left over.
tashad (10 mths ago)
Hi am i am looking to top up my loan and i understand that i have to make 12 months payments on time as i have my term over 36 months currently, is it possible to change my payment term to 24 months as i have currently paid 8 payments on time i think? if this is not possible please can you advise when i will be eligable on applying for a top up?
thank you
FLM Loans (10 mths ago)
Unfortunately it's not possible to change your loan term now your loan has been paid out. Your credit agreement outlines the repayments and interest based on the term that you signed for so you are unable to change this once the loan is paid out.
G1980 (9 mths ago)
I have a 12 month loan and tomorrow my 4th consecutive payment will be made. From reading above that would mean I am entitled to a top up and that this will be up to £5000. Can you please confirm if this is correct.
FLM Loans (9 mths ago)
That's correct, as long as your payments have been made on time you'll be eligible to apply for a top up for anything up to £5000
sam (8 mths ago)
i applied for top up loan recently you said i could have it as i had paid 27 payments .you have always gone in to my guarators bank each month to get my payment as there is always money in his account.but for some unknown reason you went into his bank late the one month and declined my loan.i hadnt missed the payment and cant understand why it happened
FLM Loans (8 mths ago)
We can't accept any late payment charges on your loan. If your direct debit bounces, and we can't collect it from your debit card, and we still can't collect it from your guarantor making it 4 or more days late (and so incurring a charge) we're unable to accept you for a future loan unfortunately.
peter19 (8 mths ago)
hi. i have made 36 consecutive payments on time. i recently received forms for a top up i requested for 3000 pound. on loan agreement it asks for my guarantor to sign and give address. this is highlighted in red. is that all my guarantor needs to do along with my signature. my guarantors details have not changed in the last 3 years. thank you. peter hazlehurst
FLM Loans (8 mths ago)
Yes this is all that will be needed. We still need to make sure that your guarantor fits the criteria so you need to send in a new forms so we can complete all the necessary checks before we can pay out your new loan
lisa1986 (8 mths ago)
Hi there; I would like to apply for a top-up loan however guarantor details have not changes but they are out of the country for two months will this delay my top-up loan?
FLM Loans (8 mths ago)
We would need to speak to your guarantor to complete a verbal contract, and we also pay the loan into their account like last time. If you don't see this causing problems your end then it should be ok as long as we can get hold of them to go through the terms and conditions before paying out your loan.
don (8 mths ago)
hi i have a loan of 5,000 i have paid 11monthly instalments on time, do i qualify for a top up to 7,000 next month.
FLM Loans (8 mths ago)
The maximum we offer on a top up is £5000. Bear in mind however that a topup doesn't add to your current balance and you just carry on making your normal repayments, your new loan pays off your existing loan, and you receive the remaining amount.
craig1971 (7 mths ago)
after reading this i looked at my loan and see i have made 9 payments could you pls tell me why i cant do a topup :( ty
FLM Loans (7 mths ago)
Hi craig1971,
As you have made your 8 monthly repayments on time, you are eligible for a top up of your current loan where you can borrow anything up to £5000 (Whatever amount you decide to borrow, pays off your existing loan and you will receive the amount left over.)
All you need to do now is log in to your online account at www.flmloans.co.uk and fill out the top up application. Remember, it can take a few days from your qualifying payment for the link to show up on your page because we need to make sure that your qualifying payment has definitely gone through br />
Thanks
johnny 5 (7 mths ago)
I just paid my loan off in full why cart i get a top up
FLM Loans (7 mths ago)
Hi johnny 5,
Before we can offer a top up, you need to make 12 monthly repayments on time.
You have paid your loan off and your account is closed. However, you have not made 12 monthly repayments before you settle your loan. Therefore, you are welcome to apply for another loan up to £3000 with us, but you are not eligible for a top up.
Many thanks
Kate1977 (7 mths ago)
am i eligiable for a top up?
FLM Loans (7 mths ago)
Hi Kate1977,
I noticed that you have a loan with FLM Quick, our sister company, instead of FLM Loans. Please note that we are two separate companies. If you have any questions regarding your FLM Quick account, please contact them directly. Their website is www.flmquick.co.uk.
Thanks
leighton (7 mths ago)
I have made 12 consecutive payments, all have been made on time yet i do not have the option to apply for a Top Up. Please can you explain why?
FLM Loans (7 mths ago)
Hi leighton,
As you have made your 12 monthly repayments on time, you are eligible for a top up of your current loan where you can borrow anything up to £5000 (Whatever amount you decide to borrow, pays off your existing loan and you will receive the amount left over.)
All you need to do now is log in to your online account at www.flmloans.co.uk and fill out the top up application. Remember, it can take a few days from your qualifying payment for the link to show up on your page because we need to make sure that your qualifying payment has been settled definitely.
Thanks
helen 1963 (7 mths ago)
hya jon how much can i apply for nxt month i got 3000 paying bc at 151 pound a month how much will i b able to top up to thanx helen
FLM Loans (7 mths ago)
Hi helen 1963,
Before we can offer a top up, you need to make 12 monthly repayments on time.
You have currently made 11 monthly payments to us. However, the repayment that was due on 25th Dec, 2010 was not made in full until 28th Jan, 2011, which means that you were in arrears and Late Payment Charge was added. Therefore, you are not eligible for a top up for this reason.
Many thanks
kj48 (7 mths ago)
hi , i have made 12 payments but still have no link to apply for top up loan, when will my account be updated?
FLM Loans (7 mths ago)
Hi kj48,
Before we can offer a top up, you need to make 12 monthly repayments on time.
You have currently made 11 monthly payments on time, so as soon as you have made your next 1 payment, you can apply for a top up online at www.flmloans.co.uk
Remember, you have to make these payments before you can apply. It can take a few days from your last payment (because our system wants to be 100% sure your payment has gone through first) but when you're eligible for a top-up you'll see the top-up link on your online page.
Thanks
Joe1111 (6 mths ago)
Hi There,
I have had a loan for around a year, how do i find out when i am eligible for a top up as i thought after a year i could renew?
Cheers
FLM Loans (6 mths ago)
Hi Joe1111,
As you have made your 12 monthly repayments on time, you are eligible for a top up of your current loan where you can borrow anything up to £5000 (Whatever amount you decide to borrow, pays off your existing loan and you will receive the amount left over.)
All you need to do now is log in to your online account at www.flmloans.co.uk and fill out the top up application. Remember, it can take a few days from your qualifying payment for the link to show up on your page because we need to make sure that your qualifying payment has been settled definitely.
Thanks
meiti 05 (6 mths ago)
Hi there I would like to know when I would qualify for top up
Thanx
FLM Loans (6 mths ago)
Hi meiti 05,
Before we can offer a top up, you need to make 12 monthly repayments on time. You have currently made 11 monthly payments on time, so as soon as you have made your next 1 payment, you can apply for a top up online at www.flmloans.co.uk
Remember, you have to make these payments before you can apply. It can take a few days from your last payment (because our system wants to be 100% sure your payment has gone through first) but when you're eligible for a top-up you'll see the top-up link on your online page.
Thanks
mat (6 mths ago)
i want to apply for a top up ofn£5000 and want a new garantor. you said this was possible in a previous question but when i'm in my account details and click on top it, £5000 is not an option for a new garantor.
FLM Loans (6 mths ago)
Hi mat,
You can borrow up to £5000 with a new guarantor when you are eligible for a top up. However, this new policy has not been updated on our website yet. That's why you can only see £3000 for a new guarantor.
I suggest that you choose the option of £5000 top up with your current guarantor when you apply online and then put your new guarantors name in the form we will send to you after you finish your online application. In this way, you will have a top up of £5000 with a new guarantor.
Hope this helps.
Thank you
yvettef54 (6 mths ago)
Hi although I am making payments on time and have done so for the qualifying period I am not able to top up my loan. What is the reason why?
FLM Loans (6 mths ago)
Hi yvettef54,
Before we can offer a top up, you need to make 12 monthly repayments on time.
You have currently made 28 monthly payments to us. However, the repayment that was due on 31st Dec 2009 was not made until 8th Jan 2009, which means that you were 8 days behind your payment date. Unfortunately, you are not eligible for a top up for this reason.
Many thanks
shawn63 (6 mths ago)
l'm eligible for a top-up after making 13 payments on time,does my top loan have to be paid into my quarantor account although nothing has changed in their circumstances.
FLM Loans (6 mths ago)
Hi shawn63,
You are eligible for a top up as you have made 13 monthly payments on time.
If you apply for a top up, your new loan will be paid out to your guarantors bank account instead of yours, because we need to make sure that he/she is happy to stand as your guarantor for your new loan.
Thanks
Johnq8 (6 mths ago)
If i wish to top up my loan, can i keep it under the original time frame and just increase the monthly payment amount, rather than increase the timeframe the payment will be made in?
i.e - £1000 loan to be paid in 12 months changed to £3000 to be paid in 12 months
Thanks
FLM Loans (6 mths ago)
Hi Johng8,
Yes you can choose the term of your top up loan to be 12, 24, 36, 48, or 60 months. It's entirely up to you. And our system will work out how much your monthly payment will be accordingly.
You can get a quote of your repayment figure by going to the 'Apply for a top up loan' page and select the amount you want to borrow and the repayment term.
Thanks
Mat1234 (6 mths ago)
Hi Jon,
How does ones top up eligibility get effected for being late on 1 payment?
Regards,
Mat
FLM Loans (6 mths ago)
Hi Mat1234,
To be eligible for top up, you need to make every single payment on time for a certain number of months depending on your loan term.
Your eligibility will be affected when you have delayed one payment for more than three days so that the first late payment charge is added.
To be able to apply for a top up, please make sure that all monthly payments are made on time.
Thanks
J1121 (5 mths ago)
i have been made redundant would i still qualify for a top up if i still have a guarantor and an income to pay it off?
FLM Loans (5 mths ago)
Hi J1121,
As long as you still had a sufficient income and your Guarantor still meets all our criteria, then yes, you can still apply for a top up loan. All your income and expenses would be discussed during your Verbal Contract.
yo_yo (5 mths ago)
Can my initial loan amount be increased?
Do I still need a guarantor?
FLM Loans (5 mths ago)
You can only top up your loan once you've made the right amount of payments, explained above. You can check to see if you are eligible to top up your loan and increase the amount you borrow by logging in to your online account - on the left-hand side it will tell you if you are eligible. Only once you have made enough payments can you top up on your intial loan.
Jayne77 (5 mths ago)
I have 3700 left to pay on my loan but do not have the top up option is it because i had late payments due to changing bank cards
FLM Loans (5 mths ago)
Hi Jayne, I've had a look at your account and I'm afraid you cannot top up because of the late payment charges on you account. To be eligible for top up, you need to make every single payment on time for a certain number of months depending on your loan term. It is vital that you update FLM on any changes to your card details in good time before your payment is due.
Thanks
ann123 (5 mths ago)
i am eligible for my top up now, i want to top up but need at least 3000 to cover what i need. can i wait until i have paid some more off my loan before i apply.
FLM Loans (5 mths ago)
Hi Ann,
Yes thats absolutely fine. As long as you have made all of your payments on time, you can top up anywhere between your minumum amount of payments (depending you your loan term) and up to 1 month after the loan has been paid off.
Hope this helps!
kelsbels (5 mths ago)
I cant click in the options boxes to top up my loan?
FLM Loans (5 mths ago)
Hi,
It sounds like you may not yet be eligable?
You can only top up your loan once you've made the right amount of payments and met the criteria explained above. Please check this.
wnichol22 (5 mths ago)
my original guarantor is currently on maternity leave, will i still be able to top up?
FLM Loans (5 mths ago)
As long as your guarantor still has a sufficient income and your Guarantor still meets all our criteria, then yes, you can still apply for a top up loan. All your income and expenses would be discussed during your Verbal Contract
laura1234 (5 mths ago)
hia how come i am not eligable for a loan when i have been with you for 2 years now and only made 1 repayment late and that was july 2010 so i have made 12 month payments excellent scince x
FLM Loans (5 mths ago)
Hi Laura1234,
It's great that you've kept up with your repayments recently, but I'm afraid we can only offer top up's to people who pay us back on time every month for the duration of their loan. We can't accept any late payment charges on your loan, so the late repayment you had last July will be the reason you were declined for a top up.
Hope this helps
Eva
NC1976 (5 mths ago)
I have just made my 12th payment on my loan and my payments have been on time, I was wondering if A) Am I able to get a top up loan and B) When can I apply for one.
Thanks
FLM Loans (5 mths ago)
Hi NC1976,
I have taken a look at your account and as you have made your 12 payments on time you can now apply for a top up loan. You just need to log in to your online account and continue with your top up loan application.
Hope this helps!
Paul2468 (5 mths ago)
Hi,
Am I eligible for a top up after 12 sucessful payments or 12 months of payments? next month should be my 12th sucessful payment, does that then make me eligible for a top or do I have to wait until my 12 month anniversary. Additionally could I make my 12th payment ASAP in order to get my top up sooner.
Thanks
Paul
FLM Loans (5 mths ago)
Hi Paul2468,
You need to make 12 monthly repayments on time in order to qualify for a top up loan, so yes you will have to wait for the 12 month anniversary. Hope this helps! Unfortunately we can't do it any sooner, hope this helps!
E009 (5 mths ago)
If I want a top up and my guarantors details have not changed,do you still need any documents from them ? or do they just need to sign a new contract ?
FLM Loans (5 mths ago)
Your top up loan is essentially a new loan application, so both you and your guarantor will need to sign new agreement forms and complete new verbal contracts. If your guarantor needed to supply us with any documents last time, then it's probably a good idea to make sure they have them to hand in case we need them again. Hope this helps :)
jamie-s (5 mths ago)
Please could you tell me when i will be able to get a top up loan?
FLM Loans (5 mths ago)
Hi Jamie,
It depends on how long you took your loan out for. You need to of made at least a third of the payments on time, every time to qualify for a topup loan. See below for the repayment terms:
12 month loan = 4 months of repayments
24 month loan = 8 months of repayments
36+ months = 12 months of repayments
If and when you qualify for a topup, you'll see a link on the top of your log in page.
debi123 (4 mths ago)
When I've made my next payment, 30th September, can I top up my loan?
FLM Loans (4 mths ago)
Hi Debbie, I can confirm that you have currently made 11 monthly payments on time so as soon as you have made your payment due on 30/9/11, providing its on time, you will be able to apply for a top up loan. However, please be aware that you need to wait up to 5 working days for this payment to clear. Once it has, a link will appear on your account page at www.flmloans.co.uk. From there you can begin your new application.
Regards,
FLM Loans
debi123 (4 mths ago)
hi, if i topped up to £3000, how many months can i take it over?
thanks
FLM Loans (4 mths ago)
Hi debi123, A topup loan works just like your original loan application, so you can borrow over a term between 12 and 60 months, depending on how affordable the monthly repayments are for you :)
rachel89 (4 mths ago)
Hi, I have made 12 payments on time and understand i can now top up, but on my account it says i am unable to do it. why is this?
thanks
FLM Loans (4 mths ago)
You need to have paid all of your repayments on time throughout the life of your loan. If you have made a late payment on your loan then you won't be able to top up. Please email hello@flmloans.co.uk for more details related to your loan.
Graham0706 (4 mths ago)
Hi
I received a letter for a top up. If i am using the same guarantor and all the details are the same eg banking. How long do i have to wait before contact / payment is made once signed forms are returned
FLM Loans (4 mths ago)
We will always try and contact you within 24 hours of receiving the signed form. We will text you once we've received the form and will call you and your guarantor to confirm everything. As long as we can get hold of you it can be very quick!
Ruth1986 (3 mths ago)
I have a loan of £1000 over 12 months. Once this month is paid will I be able to apply for a top up of £5000? Please could you check my account for late payments i think one month my direct debit hadn't been set up so It bounced but i paid It via my bank card the same day. Thank you.
FLM Loans (3 mths ago)
As your loan is over 12 months, you need to have made at least 4 monthly repayments on time and in full, then you should qualify for a top up. And yes, you can top up to £5000.
If your payment bounced and you paid the same day with your bank card then that should be fine.
When you are eligible for a top up it will show in your online account as a blue-link on the left hand side
Gmacbrew (3 mths ago)
Hi I made my 8th payment last month, but can not top up my loan. I have no late fees on my loan.
FLM Loans (3 mths ago)
It depends on the length of your loan really, so you may not have made enough repayments to qualify yet. If you email hello@flmloans.co.uk they will be able to give you more details about your current loan.
Chelseybabyy (3 mths ago)
Does the top up affect my monthly repayment or will it affect the term of my loan? For example will I have to pay more per month or over a longer period of time or both? Can this be negotiated?
FLM Loans (3 mths ago)
Hi Chelseybabyy,
When you apply for a top up on our website, you'll be able to choose how much you wish to borrow (up to £5000) and how long you want the loan term to be. This will give us the information we need to calculate how much your new monthly payment would be, so that you can change the term and the amount to borrow based on whether you are happy with the monthly figure.
Thanks
sammy12379 (3 mths ago)
hiya i have made 11 months payments back on time i have to make another payment on the 28/11/11 this will be my 12th will i then qualify for a top up?? im in need of money to help through the christmas period thanks x
FLM Loans (3 mths ago)
Hi sammy12379,
It might take a few days from your 12th payment for the application link to show up, but once you've made the 12th payment on time, you will be eligible for the top up. You can check your top up eligibility on our website. Just log in to your account and you'll see a section called 'Top Up eligibility' on the left hand side, which will give you the link to make the top up application.
Thanks
nicole-n-laura (1 year ago)
i already have a £500 loan out with you i was wondering if i could get a bigger loan and pay the £500 off?