2 weeks ago
Hi @alisonjolly, thanks for your enquiry.
When you take out a loan, the amount you borrow is referred to as the limit. For a number of reasons, a loan may be disbursed with multiple limits - for example if Lenders Mortgage Insurance is required, or if you are combining multiple loans into one.
Due to limitations within our Online Banking, when a loan is set up this way, the system cannot transfer the information regarding interest rate, repayments and due date to Online Banking. However, if at any time there are changes to the rate, repayment or principal balance of the loan, you will receive notification in writing.