What is a Top-Up Loan and when can I apply?
Borrow more while you already have a loan with us
A Top-Up Loan lets you borrow more while you already have a loan with us. Instead of running two loans, we combine your remaining balance and the new amount into one loan.
How it works
If your Top-Up is approved:
- Your existing loan balance is settled.
- The new amount is added.
- You get one new loan, with a new balance and a new repayment term.
You then make one monthly repayment under the new agreement.
When can I apply?
It depends on the loan you have now. Some loans need at least one third of the original loan balance repaid. Others need at least 3 months of repayments made.
If you haven't met the requirement for your loan yet, we can't assess a Top-Up application. If you're close and want to check, send us a secure message or call us on 0131 225 9901.
How much can I borrow?
It depends on your outstanding balance, your repayment history, your income and affordability, and your credit profile. The amount we approve may be different from the amount you ask for.
Is there a credit check?
Yes. A Top-Up is treated as a new loan application, so we complete full affordability checks and a hard credit check. A hard credit check is recorded on your credit file and may affect your ability to get credit elsewhere. Approval isn't guaranteed.
When not to apply
Don't apply for a Top-Up if you haven't met your loan's repayment requirement, you're finding your current repayments difficult, or your finances have changed significantly. If you're unsure, contact us before you apply.
How to apply
Apply in the same way as any other loan. See How do I apply for a loan?
Subject to status and affordability. Membership eligibility criteria apply.