Loan top-up


You may find yourself in a position where you need access to extra cash. Applying for a top-up to your guarantor loan could be the answer. Provided you’ve had your existing loan for at least twelve months and made all of your repayments in full and on time, you could be eligible to apply for additional funds.

How much could I borrow?

Our minimum top-up amount is £3,000 but remember the minimum total loan size is £5,000. In other words, your existing balance plus your top-up must total at least £5,000 and our maximum total loan amount is £20,000

What can I apply for a top-up for?

Top-ups can be used for almost any purpose, so whether it’s to replace a broken boiler, fund some emergency vehicle repairs or even to consolidate some other debt, a top-up may be the solution for you. We should remind you, you should always consider if you need the loan before making a top-up application.
You can continue to use the same guarantor for your top-up, provided they agree and meet our requirements. Alternatively, you can choose to bring in a new guarantor – the choice is yours!

If you would like to top up your loan or discuss topping-up your loan call our team on 01603 828 721

How it works

Topping-up your existing loan allows you to borrow more money without the need to take out a separate loan. It works by combining the remaining balance of your existing loan with the top-up amount to create a new loan with one monthly repayment.

Top-up example

If the balance of your existing loan is £5,000, and you wanted to borrow another £3,000 you would need to apply for a new loan of £8,000. £5,000 of this would be used to settle your original loan and the other £3,000 would be paid out to you via your guarantor’s bank account.
Please be aware that if you choose a new loan term longer than the remaining term of your original loan, you may pay more interest on the original amount you borrowed.

Applying for a top-up

You can apply for extra funds once you have made your first twelve month’s contractual payments in full and on time. You can apply for a top-up at any time after the twelve-month qualifying period, provided you continue to meet the initial criteria – simply give our team a call. We may also contact you to let you know when you’re eligible. If you want to receive this information make sure your marketing preferences are up to date here.
To start your top-up application, call 01603 828 721 and one of our friendly team will be happy to guide you through the process.
As with all loans, top-up applications are still subject to credit and affordability checks on both yourself and your guarantor. Applications are not a guaranteed payout.