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Is it possible to top up or add onto my current loan?

It may be possible to top up or add onto your current loan. As an existing loan customer you have two options:

  1. Open an additional loan at our current rates and retain your old loan at its original interest rate. Or,
  2. Replace your existing loan with a new loan for a larger amount. We'll close your existing loan for you as part of the process.

If you choose to replace your existing loan:

  • An Early Repayment Charge (ERC) will apply, take this into account when working out costs.
    • To find out your outstanding loan balance, current rate, and your ERC please call us or visit your local branch.
  • Your existing loan may have Personal Loan Protector which will end if the loan is repaid, and is not available on new loans. If you wish to protect your income please visit your local branch.
  • Minimise costs by keeping the term of your borrowing short, a longer term can increase the overall interest you pay.

What important information do I need to be aware of?

  • To find out your outstanding loan balance, current rate, and your ERC please contact us.
  • Your total loan borrowing with us cannot exceed £25k
  • You must be over 18 and have a NatWest current account to apply.

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