Topping up your personal loan
- Topping up your Royal Bank of Scotland loan could be a good option if your thinking about borrowing more money.
- When you top up a loan, we don't actually add money to it. We use the new amount you've borrowed to pay off your existing loan and open a new loan.
- You also have the option to open a second loan with us instead and run the two side by side.
Remember, if you decide to borrow over a longer term, this could mean that you'll pay more interest overall.
To apply for a loan you must be 18+ and a UK resident with a Royal Bank of Scotland current account (held for 3+ months).
How does this work?
Apply for the total amount of money you need to pay off your existing loan plus any additional funds you require.
Things to remember
- Your new loan will be used to pay off and close down your existing loan. The remaining balance will be given to you.
- There will be an early repayment charge to pay off your existing loan early.
- Your extra borrowing will be repaid at a new interest rate.
- You can only pay off a loan if it has more than one repayment left to be made.
- If you cancel your new loan within the 14 day cancellation period, we're under no obligation to re-instate your old loan. We could offer you a new loan for the amount of your old loan at our current interest rates.
How does this work?
Start an application and apply for the loan amount you need. Your old loan will remain open and continue to be repaid at its current interest rate.
Things to remember
- Your existing loan will remain as it is.
- Your new loan will be paid at the agreed interest rate.
- Closing a loan early would incur an early repayment charge, you'll avoid this by keeping your loan open.
Loan calculator
Representative Example
£7,500
0 months
£137.55
£8,253.00
3.9
% APR
3.9
% p.a
The rate you pay depends on your circumstances and loan amount and may differ from the Representative APR. We will never offer you a rate exceeding 29.9% p.a. (fixed), regardless of loan size. This means you're not guaranteed to get the rate you see in the calculator.
The rate you pay depends on your circumstances and loan amount and may differ from the Representative APR. We will never offer you a rate exceeding 29.9% p.a. (fixed), regardless of loan size. This means you're not guaranteed to get the rate you see in the calculator.
What is APR?
Unsure about APR? Take a few minutes to read our helpful guide.
Applying for a loan online
How to apply online OpenClose
Start your application and get a quote
Apply online in just a few minutes
See money in your account the same day
Mobile app features OpenClose
See how much you could borrow
If you're a Royal Bank of Scotland current account customer, in most cases we'll confirm your loan amount and rate at the start of your application. There is no impact on your credit score and no obligation to complete your application.