Increasing Your Loan: How to Top Up Your Existing Credit
Did you take out a loan some time ago and now find that the original amount is no longer sufficient? This happens frequently — whether because a project became more expensive, an unexpected expense arose, or new plans emerged. In Switzerland, there are several ways to increase the loan amount.
Option 1: Loan Top-Up
With a loan top-up, the existing loan is extended by the desired amount. The borrower receives the difference and the monthly instalment and term are recalculated.
Requirements for a top-up: - Good payment history on the existing loan (no arrears) - Sufficient free income for the higher instalment - Positive credit check at the time of the top-up
Option 2: Second, Separate Loan
Instead of topping up the existing loan, a second loan can be applied for independently.
Option 3: Refinancing for a Higher Amount
Often the most elegant solution is refinancing: the existing loan is fully paid off and replaced by a new, higher loan — ideally at a better interest rate.
Since Cashare charges no early repayment penalty, refinancing is particularly straightforward here.
How Does a Loan Top-Up Affect the Monthly Instalment?
A top-up either increases the monthly instalment or extends the term (or both). The extended term reduces the monthly burden but increases total interest costs.
Conclusion: Multiple Paths Lead to the Goal
Whether top-up, second loan, or refinancing — there is the right solution for every situation. Cashare offers flexible options and a fast, digital process for all three variants.