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What is a Top-Up Loan and When can I apply?

A Top Up loan allows you to borrow additional funds while you already have an active loan with us.

Instead of running two separate loans, we combine your remaining balance and the new amount into one updated loan. The term may be adjusted depending on your application and affordability.

All Top Up applications are fully assessed.

How a Top Up loan works

If approved:

  • Your existing loan balance is settled

  • The new borrowing amount is added

  • A new combined balance is created

  • A new repayment term is agreed

You will then make one monthly repayment under the new agreement.

When can I apply for a Top Up loan?

Eligibility depends on the type of loan you currently have.

Some loans require:

  • At least one third of the original loan balance to be repaid

Other loans require:

  • A minimum of 3 months repayments to have been made

If you have not yet met the requirement for your loan type, we cannot assess a Top Up application.

If you are close to meeting the requirement and would like confirmation, please contact us and we can confirm your specific eligibility.

How much can I borrow?

The amount available depends on:

  • Your current outstanding balance

  • Your repayment history

  • Your income and affordability

  • Your credit profile

The final approved amount may differ from what you request following assessment.

Is there a credit check?

Yes.

A Top Up loan is treated as a new loan application. This means:

  • Full affordability checks are completed

  • A hard credit check is carried out

  • This may affect your credit score

Approval is not guaranteed and is subject to assessment.

When should I not apply?

You should not apply for a Top Up if:

  • You have not yet met your loan’s repayment requirement

  • You are currently struggling to meet your existing repayments

  • Your financial situation has changed significantly

If you are unsure, please contact us before applying.

How to apply

You can apply for a Top Up loan in the same way as a standard loan application.

If you are unsure whether you meet the criteria, please contact us before submitting an application.

Contact us

If you would like to confirm your eligibility, please contact us using one of the options below:

Secure message through the app
Phone
Email

We will confirm whether you meet the requirements for your current loan type.

Still need help?

If you are unsure whether a Top Up is right for you, contact us and we will guide you through your options.