Loan Top-up
Introduction
A home loan top up can be very simple to arrange so check out whether or not you can top up your Sovereign home loan before you enter other more expensive finance arrangements.
Why would you increase your debt by topping up your loan?
Your home loan is normally the cheapest borrowed money you can get.
If you need to buy a new car (for example) then topping up your home loan is probably a much cheaper way to finance that purchase than using other forms of vehicle finance. This is usually true for most finance packages like hire purchase and short term loans.
A loan top up can be very simple to arrange so check out whether or not you can top up your loan before you enter other more expensive finance arrangements.
Top up to $50,000 where resultant LVR is < 80%
- An email request to us detailing purpose and any relevant background information will generally suffice. Sovereign reserves the right to require a full application form and supporting documentation as required.
- Security held must meet standard criteria.
- Satisfactory loan account conduct and a clear credit check.
- $50,000 is generally the maximum top-up that can be obtained in any 12 month period under the above abbreviated (email) method.
Top up exceeding $50,000 where resultant LVR is < 80%
- Full loan application and supporting documentation as required.
- Security held must meet Sovereign's standard lending criteria.
- You must be able to demonstrate satisfactory loan account conduct.
- A clear credit check is required.
To get started
- Contact us by email for any Sovereign Home Loans top up to $50,000.
- Apply here for any Sovereign Home Loans top up exceeding $50,000.