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3.4.7 Top-up Facility


Sub-clause 11.20 of the Agreement allows the Bank to 'top-up' an existing Subsidised Advance Loan Account with a new Additional Advance.  This is possible only where the interest rate and terms of both loans are compatible.  Reference to this facility is to be included on the Additional Advance certificate of entitlement where appropriate.  These arrangements could have fees implications for borrowers.