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Can I increase my existing Tesco Bank loan?

If you already have a Tesco Loan you can apply to borrow more once you have made 8 consecutive monthly payments on your existing loan.


We only offer one loan per customer. So if you want to borrow more we’ll close your existing loan and the new loan will pay off any existing balance and cover the additional amount you want to borrow. We will charge you up to 28 days’ interest to pay off your old loan. This is to cover the number of days from when you apply to receiving your new loan. This will be added to your new loan amount and you will pay interest on this, which may lead to additional cost for you.


The minimum additional amount is £1,000 above your existing loan balance. With your new loan you’ll continue to make one monthly payment but the cost of your monthly payment may change depending on the loan term and amount you choose to borrow.


How to apply


Call us on 0345 600 6016* and we can give you a personalised quote. Lines are open Monday to Friday 8am to 10pm, Saturday and Sunday 9am to 5pm.


*This number may be included as part of any inclusive call minutes provided by your phone operator.

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Last update:
‎05-04-2017 10:24 AM
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When we call to 'top up' our loans will we need to go through a whole application and credit checks again? 

Yes, that's right @moynul11. If calling to go through a top up then a new credit search will need to be carried out. 


I would like to increase my loan however I would like to know what would be the maximum amount I could borrow. How do I go about this?

Hi @Danielletolley, thanks for getting in touch. To discuss increasing the loan and to find out what our maximum amount would be, we'd advise to call the number above and our Loans team will be happy to go over the figures with you :-)


Can i increase my loan amount but make the increased amount as a joint application? 


What do i need to increase my personal loan??


Hi there, looking to increase this back to what i originally borrowed, had the loan for 2 and a half years. I know theres a Credit Check, which isnt a problem, just want to know what documents you would need from me, to look at this?



Hi @Warren77, a top up loan is considered a new loan that pays of the original loan (or the remaining amount). To speak to someone about this you’ll need to give us a call on 0345 600 6016. Advisors are available Monday-Friday 8am-10pm and Saturday-Sunday 9am-5pm and they will be able to confirm what you would need to apply - Ross


What is the maximum you can borrow if you are not a homeowner?

Hi @Sadiesassy, the maximum is £15,000. It can vary depending on why you're borrowing the funds though, so it's worth calling our team on the number Michelle mentions above :-)


Can is possible increase my Loan after 6 month's payment?