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Can I apply for another financing if I already have an active financing with Funding Societies?
Can I apply for another financing if I already have an active financing with Funding Societies?

This articles describe the possibility of issuers to apply for another financing.

Melissa avatar
Written by Melissa
Updated over 5 years ago

Yes, you may apply for a subsequent financing with Funding Societies subject to another round of credit underwriting. Usually a period of 6 months is required before the same Issuer is eligible to apply for another financing.

However, as this will be considered a new financing, you may be required to pay off the full outstanding amount of the existing financing before the new financing is extended. This depends on the conditions set by our team and vary on a case by case basis.

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