Can I change my mind if I top up my loan?

Yes. When you take out a top-up loan, you have a 14 day Right to Withdraw period. During this time you can cancel your new agreement.

However, if you do cancel:

• Your original loan can not be reinstated
• You'll need to repay the full balance within 30 days, including your original amount plus any additional borrowing 

If you cancel after the 14 day cooling off period, you'll need to settle the loan in full, and up to 58 days interest may be charged.

Remember, you can also make unlimited free overpayments on Novuna Personal Loans. So if you want to settle your agreement early, you can do this easily in the app or online.