Top Up Loans — Borrow More with Your Existing Rate Drop™ Loan
Need a little extra? A Top Up Loan lets existing Rate Drop™ customers borrow more on their current loan. It’s quick, simple, and based on your payment history and affordability.
What is a Top Up?
A Top Up Loan lets you borrow additional funds using your existing Rate Drop™ loan. It’s designed for customers who’ve maintained on-time payments and shown they can comfortably manage their borrowing.
You can use a Top Up for almost anything — from home improvements or car repairs to covering unexpected expenses.
To qualify, you must have paid at least one-third of your current loan or made the required number of monthly payments. All Top Ups are subject to affordability and credit checks.
When Can I Top Up My Loan?
You may be eligible to Top Up if your remaining balance is below £4,500 and your payments are up to date.
Before approving a Top Up, we’ll complete quick credit and affordability checks to confirm that the new loan remains affordable for you.
What Options Do I Have?
If your circumstances change during your loan, we’re here to help. Depending on your situation, we can:
- Move your repayment dates
- Offer a Top Up Loan for extra flexibility
- Arrange early settlements with no hidden fees
If you ever struggle with repayments, get in touch straight away — our team will work with you to find the right solution.
How It Works
Here’s how a Top Up Loan works:
- We’ll calculate a settlement figure for your existing Rate Drop™ loan.
- Your new Top Up Loan will clear the remaining balance.
- Any extra funds after the settlement are paid directly to you.
Your new loan then starts fresh — with your Rate Drop™ benefits continuing as normal.
Eligibility for a Top Up
To qualify for a Top Up Loan, you’ll need to:
- Have made all your recent payments on time
- Have paid off at least one-third of your current loan
We’ll reassess affordability before approval to make sure your new repayments remain comfortable.
Many Rate Drop™ customers use Top Ups to cover one-off costs or larger purchases without applying for a completely new loan.
Ready to Top Up?
If you’d like to Top Up your Rate Drop™ loan, our team can help right away.
Or log in to your Rate Drop™ account to check your eligibility and apply online in minutes.
Looking for something different? Explore our Car Loans , Home Improvement Loans or Debt Consolidation Loans to see other ways Rate Drop™ could help.
