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How does a top up loan work?

A top up loan allows existing customers to borrow more money. The top up is a new loan, which we’ll use to completely settle your existing one, and then pay out the rest. It’s really important to bear this in mind when choosing your top up loan amount.

For example, if you top up to £10,000 and your current balance is £6,000, you’ll receive £4,000.

The amount you choose to top up to, and over how long, will determine how much your new monthly payments will be.

Below you can compare different loan and payment amounts. Remember, you need to choose an amount that will clear your existing balance and leave you with enough money to cover what you need the loan for:

Tip: To find out your current balance at anytime, either login to your online account, download our free App: and login or text the word ‘STATEMENT’ to 07595553371.

Representative Example: Borrowing £4,000 over 36 months, repaying £195.16 per month, total repayable £7,025.76. Interest rate 49.9% (variable).
Representative 49.9% APR (variable)