How many drawdowns can I take from my credit limit? Is there a limit to how often I can perform drawdowns?
You can perform drawdowns as often as needed, up to a maximum of 10 times. This is provided you stay within your credit limit and have no overdue payments for more than 15 days.
Below could be some reasons why you can’t draw a new loan:
- 10 active loans: You can only borrow up to 10 loans from your available credit limit.
- Insufficient credit limit: You do not have sufficient credit limit to draw a loan.
- 15 days past due: Any one of your loan was unpaid for 15 days past the due date.