Borrowing more
Borrowing more
If you currently have a loan with us, you can see if you're eligible to borrow more in the app:
Tap the Home icon in the menu bar,
Tap your Loan,
Tap Borrow more.
You’ll only be eligible to borrow more if you’ve had your loan for at least 6 months and you haven’t missed any recent repayments.
How borrowing more works
If you’re eligible and you decide to borrow more, we'll set up a new loan for what you’ve got left to pay, plus the extra amount you want to borrow. You’ll have one monthly repayment on the day of the month you choose.
Your new loan could have a different interest rate to your current loan
Your new interest rate could be higher. Before you take out the loan, we’ll show you what your current interest rate is and what the new one will be. You'll also be able to choose the length of your new loan.
Remember that borrowing more can mean you pay more interest and cost you more overall.
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