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How a Credit Union Top Up Loan Could Help

Here at CLEVR Money we realise one of the main reasons our members take out a loan is because of how often the unexpected actually happens. This could be anything from the washing machine conking out, to a much-loved family pet falling ill or the car breaking down yet again. Whatever it looks like, it’s going to mean having to find money over and above your everyday expenses. While many of our members take out loans for planned events such as Christmas, a summer holiday or a wedding for example, when the ‘unexpected’ happens you’re likely to need cash fast. So it’s good to know you could borrow it from CLEVR Money in the form of a credit union top up loan; even if you already have a loan with us which you are paying back.

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A credit union top up loan works by consolidating an existing loan with a new loan. You may have borrowed £2000, for example, paid £1000 back and found yourself needing to borrow again to deal with an unexpected expense. A top up loan could take the original loan back up to £2000 in the following way:

  1. The credit union top up loan is a new loan for £2000

  2. £1000 of that loan is used to pay off the original £1000 outstanding

  3. The other £1000 is available for you to spend

A credit union top up loan is a quick and simple way to borrow some extra money. Like all of our financial products, the credit union top up loan has been designed to offer maximum convenience and flexibility for our members. As a not-for-profit organisation providing responsible loans, you can be reassured that we offer fair interest rates when you take out a credit union top up loan. You’ll be dealt with in a completely transparent manner and will know exactly how much the repayments will be and how much you’ll pay back in total.


You could also take out a credit union top up loan safe in the knowledge that there will be no hidden fees or extra charges buried in the small print, because that’s just not the way we do things. We treat our members with respect and will take the time to explain exactly how a top up loan works, before processing your application as quickly as possible.

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Once your top up loan has been approved, we’ll consolidate the original loan and transfer the new amount being borrowed into your account. You’ll be free to spend your credit union top-up loan on your ‘unexpected’ expense, confident that we never lend our members more than they can afford to pay back.


Representative example. Borrowing £2000 over 24 months will cost £118.12 Total amount repayable is £2,834.88 which includes interest at 42.6% APR. The figures given above are for illustrative purposes only. The actual interest rates and repayment amounts may vary subject to loan amount and status.


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