Can I access the loan to spend it? Your LOQBOX is not a traditional loan, the loan involved in LOQBOX is to finance your LOQBOX, so you won't receive any credit to spend. You’ll be able to access your savings once you’ve 'unlocked' your LOQBOX, at the end of the 12 months. Related articles What happens when I’ve made all 12 payments? When will my credit score go up? How do I close my LOQBOX? What are ‘Banks and Financial Institutions’ or lenders? What should I do if I’m struggling to make repayments?