Arrears - Applications cannot proceed to assessment stage if loan repayments are not up to date.

Collateral - Before your loan can be assessed you MUST HAVE 10% of requested loan balance held in savings (if this is a Top Up Loan, then this will need to include current loan balance also). Collateral is held for the duration of the loan. (£20,000 - £75,000 loans capped at a maximum collateral of £3,000).