Is the top-up a new loan or an increase on the old loan? | Ask Banky

Editor-in-Chief Mohamed Salah

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Editor-in-Chief Mohamed Salah

Is the top-up a new loan or an increase on the old loan?

Asked by Banky team 2 months ago 1 views
Banky team Reviewed editorial answer

This is additional financing linked to an existing loan, and the balance, term, and payment may be recalculated under a new structure.

Request a statement explaining what will happen to the old loan and the total debt after the top-up.

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