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Borrow more on your Personal Loan

Already have a Halifax loan? Looking to borrow a bit more to buy a new car, do some work around the house or just reorganise your finances?

Checking your eligibility won't affect your credit score.

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Borrowing more

You can apply online for additional borrowing. Just tell us how much more money you need to borrow and we’ll give you an instant decision.

You can do this online if:

  • you have a Halifax current account
  • the loan is held in your name only
  • you hold only one existing Halifax loan.

Lending and rate are subject to our assessment of your circumstances.

Check your eligibility

What can I use a loan for?

Whatever you're looking to do, a Halifax loan could help you with:


There are a few reasons we can't offer a loan for.

How much can I borrow?

  • You can ask to borrow between £1,000 and £50,000 on top of your existing loan with us, up to a maximum of £50,000.
  • Pick a repayment term between 1 and 7 years.
  • The decision to lend and the rate offered is based on our assessment of your personal circumstances.

Representative Example

You could borrow £10000 over 48 months with 48 monthly repayments of £237.16. Total amount repayable will be £11383.68. Representative 6.7% APR, annual interest rate (fixed) 6.5%.

This representative APR applies to loans of £7,500 to £25,000 over 1 to 5 years. Other terms and loan amounts are available at different rates. If you qualify for a loan we'll tell you the rate that applies when you get your personalised quote. The maximum APR you could be offered is 29.9% APR.

Is a personal loan right for you?

If you’re looking to get a loan, it's essential that you find the one that's right for you. Keep in mind that other borrowing options might suit you better.

Other borrowing options

Options for borrowing more with a personal loan:

Option 1 - Replace your existing loan with us

You can combine an existing loan and new borrowing into one manageable loan. 

How combining a loan works:

  • Request a loan amount from £1,000 up to a maximum of £50,000.
  • Choose a repayment term between 1 – 7 years.
  • We’ll automatically close your old loan as part of the application process.
  • We’ll move any outstanding balance to the new loan.
  • We’ll set up a Direct Debit for the new monthly payment.

Option 2 - Apply for a second loan

Need a little extra? You could borrow more by taking out a fresh loan. 

Here’s how it works:

  • Request a new loan amount from £1,000 up to a maximum of £50,000.
  • Choose a repayment term from 1 to 7 years.
  • The new loan will run alongside your current one.
  • Each loan will have its own term and monthly repayment amount.

Keep in mind

Your new loan might have a higher interest rate based on the amount and term you choose.

If you decide to close your existing loan early, there could be a settlement charge – up to 58 days’ interest. Those details will be included in the terms of your new loan, so make sure you read through those when you apply.

If you’d prefer to speak to someone about your borrowing needs, give us a call or visit your nearest branch. 

Check your eligibility

Quick and simple

Get a personalised quote - which won’t impact your credit score. Sign in to Online Banking to get started.

What's in the quote - usually we'll tell you how much you can borrow and if you're likely to be approved before you apply.

Receive your money quickly - and into your bank between 9am-8:30pm, or before 9am the next working day.

Take control

Repayment holidays - Once you've made the first monthly repayment on your loan, you’ll have the option to apply for a repayment holiday. You can apply for up to two non-consecutive repayment holidays of one month each, in a rolling 12-month period (subject to approval).

Just be aware, even though you won’t need to make your usual repayment during your repayment holiday, we’ll still charge daily interest on your loan. This means you’ll pay more overall, and your loan’s end date will be extended by one month each time.

Make extra payments with no charge.

Or pay off your loan early.  Just be aware, we may charge up to 58 days' interest for early settlement.

Further support

Managing your loan

Help and guidance

Other borrowing options

Money Worries hub

Free independent help and support

Loans are provided by Halifax. Halifax is a division of Bank of Scotland plc. Registered in Scotland No. SC327000. Registered Office: The Mound, Edinburgh EH1 1YZ.