Eligibility for Additional Loans
If you have an existing loan with Windmill, you are able to request an additional loan (only up to a total cap of $15,000). For example, if you have taken a $10,000 loan with us in the past, you can apply for an additional loan up to $5,000.
If you have paid your Windmill loan in full, you are eligible to apply again, for an amount of up to $15,000.
This additional loan will be a different and separate loan, and will be subject to the new terms for all Windmill loans.
- Minimum Additional Loan Amount: $2,000
- Maximum Total Outstanding Principal: $15,000
Requirements for Loan Approval
Any new loan request must align with the purpose of your original loan. That is, you will be required to demonstrate how new funds will support the continuation of your learning plan.
- Your current loan is not in arrears.
- All late or missed payments have been settled, and your account status is 'Current'.
Application Process
Click Apply Now and submit your additional loan application.
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.