How does a top up loan work?

If you need some additional fund, a top up loan replaces your current loan with a new one, which may have a different interest rate and term.

You can apply from your online account or over the phone. We'll run our checks and give you a quote (which will be valid for 14 days). 

If you go ahead, we'll set up a new loan for the increased amount, use this to pay off your existing loan agreement and send the remaining funds to your bank account. As such you'll still have just one Novuna loan.

When submitting an application we a soft search credit check. This gives you a personalised interest rate, and does not impact your credit score.

The APR at the time of application may be different to your existing loan.