Borrow more.

Your options.


Option 1

Take out an additional Halifax loan.

Keep your existing loan in place and take out a new loan which you’ll repay separately.


Option 2

Replace your existing Halifax loan.

Replace your existing loan with a new loan for a larger amount over a term that suits you. This option is only available online if your current loan account number starts with ‘100’, the loan is held in your sole name and you hold only one existing Halifax loan.

See how much you could borrow.

Use our calculator to see how much you could pay if you decide to take out an additional loan.

Representative Example

You could borrow £6,000 over 48 months with 48 monthly repayments of £150.67. Total amount repayable will be £7,232.16. Representative 9.9% APR, Annual interest rate (fixed) 9.48%.

£
Lower amount
29.9%
18.9%
9.9%
4.9%

Loan amount illustrative APR

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Representative Example

You could borrow £6,000 over 48 months with 48 monthly repayments of £150.67. Total amount repayable will be £7,232.16. Representative 9.9% APR, Annual interest rate (fixed) 9.48%.

Monthly Repayments

£0.0

Total repayable

£0.0

Illustrative

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APR

What next?

Get your personal quote and apply online.

  • You must be registered for Online Banking.
  • You must borrow at least an extra £1,000.
  • Your existing loan and new borrowing must not exceed £25,000 in total.

Sign in to get your quote

If you're not registered for Online Banking you can register online. Or if you'd prefer, you can call us or book an appointment in branch to get your quote.

Find out how to register for Online Banking
Find a branch
Call us

Why is my loan balance different to my loan settlement balance?

When you take out your loan, the amount you agree to repay includes interest that is charged to the end of the loan term. If you make an early settlement, you might be entitled to a rebate, which means you wouldn’t have to pay all of the interest. You can repay your loan in full or part at any time during the repayment period and we'll reduce the charge for credit you've agreed to pay us. If you make an early settlement we may charge up to 58 days interest. The early settlement adjustment does not apply to the Clarity Loan.

Does my loan automatically close if I choose to refinance my existing borrowing?

If you choose to refinance your existing Halifax borrowing into a new loan, we’ll close your existing loan and open another one for the new amount. We’ll confirm how much you’ll repay each month and your new rate of interest – which may be higher. You may be charged up to 58 days interest for closing the existing loan early. The early settlement adjustment does not apply to the Clarity Loan. If you chose to extend the term of your loan, a longer repayment period will mean you’ll pay more interest overall.

Why can't I see the option to replace my existing loan with a new loan for a larger amount when I apply online?

If you're only given the option to take out a separate new loan then you're not eligible to apply online to combine your new and existing borrowing into a single loan. This option is available online if your current loan account number starts with ‘100’, the loan is held in your sole name and you hold only one existing Halifax loan. However, we may still be able to help you over the phone or in the branch.