Members who have repaid their first loan no longer need to wait for a minimum time period to have passed before raising their second loan. Instead, as with all other loan cycles, a new loan can be raised as soon as the first loan is repaid. The original purpose of the wait period was to help prevent gaming the system by rapidly accumulating credit limit bonuses, then applying for a new loan in an increased amount before building a track record of payments over time. Now that we have other policies in place to prevent rapid credit limit bonus accumulation, the wait period no longer adds as much value as it did. Note that, as with all other loan cycles, first loans must be held for a minimum number of months (depending on the loan amount) before qualifying for a credit limit increase. The date at which a member will qualify for a credit limit increase is displayed in the Your Credit Limit page of each account. If a first loan is repaid before the threshold has passed, a new loan may be raised immediately, but no credit limit increase will be applied.