While TopUp™ is a unique offering in the US, it's similar to a cash-out refinance mortgage. LendingClub's own Auto Refinance product is similar to TopUp but without the cash-out option. Cash-out refinance mortgages and Auto Refinance loans are secured against an asset for collateral, while TopUp is an unsecured loan.
What products are similar to TopUp?
Additional Before You Apply FAQ
- Am I required to take out extra cash?
- What is a TopUp loan?
- What happens after I check my rate?
- Are there any fees?
- How can I use the cash portion of my TopUp loan?
- What could affect the final amount of cash funds I receive?
- Will checking my rate affect my credit score?
- How much can I borrow?
- How quickly can I get my TopUp loan?