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What if I want to borrow more?

As we only offer one loan per customer, if you want to borrow more you can apply for additional borrowing once you have made 8 consecutive monthly payments on your existing loan. Your existing loan will close and a new loan will be provided which will pay off the 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.

Version History
Revision #
4 of 4
Last update:
‎05-04-2017 10:23 AM
Updated by:

Hi there,


borrowing over 15k is applicable only for home owners?


Thank you.

You would need to be a homeowner @Alessio to borrow more than £14,999


I was told the rules have changed and that you have to be a homeowner to borrow more than 15000 as well


Can you only apply for additional borrowing by telephone?

That information is correct @Incumbent, you need to be a homeowner to borrow more than £14,999. (based upon our terms on todays date)

yes @BB33 for additional borrowing (A Top Up loan) you need to give us a call on 0345 600 6016, open Mon - Fri 8am - 10pm and Sat/Sun 10am - 4pm

Would you need to go through another credit check to apply for a top up?

Hi @Rfield94,yes another credit check would need to be completed if you applied for a top up loan on your existing account. 


does being a homeowner count as living at home with parents who are a home owner? as i will be applying for a top up loan soon??

Hi @Hutchy180, no you would need to own your own home in order to be considered a homeowner.