Eligibility for Additional Loans
If you currently have an existing Windmill microloan and your principal balance is below $13,000, you are eligible to apply for an additional loan. The conditions for the additional loan are as follows:
- Minimum Additional Loan Amount: $2,000
- Maximum Total Outstanding Principal: $15,000
Requirements for Loan Approval
Before applying for an additional loan, please ensure that:
- Your current loan is not in arrears.
- All late or missed payments have been settled, and your account status is 'Current'.
Application Process
Applying for an additional loan involves the following steps:
- Visit the Windmill Website: Navigate to our loan application section.
- Submit an Application: Complete and submit your loan application form.
Review and Approval
- Review Process: Each application is carefully reviewed by a Coach and the Loan Review Team.
- Approval: Approval is not automatic; each request is assessed based on individual circumstances and compliance with Windmill’s lending criteria.
For more detailed information or to start your application, please visit our website.