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 £10,000 over 48 months with 48 monthly repayments of £236.73. Total amount repayable will be £11,363.04. Representative 6.6% APR, Annual interest rate (fixed) 6.41%.

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 the right choice for you?

When borrowing money, you need to make the right choice for you and your circumstances. Other borrowing options may be more suitable.

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

You can borrow more by taking out a completely new loan. 

How it works:

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

Things to consider

Your new loan could be charged at a higher interest rate over the new loan term you’ve selected. This means you could pay more interest overall. 

There may be an early settlement charge when you close your existing loan. It won’t be more than 58 days’ interest. We’ll tell you how much will be charged when you apply for the new loan.

Visit your nearest branch or call us on 0330 123 3890 to discuss your borrowing needs. 

Lines are open Mon - Fri 8am - 8pm, Sat - Sun 9am - 6pm.

Check your eligibility

Quick and simple

Get a quote - just sign in to Online Banking for a personalised quote. This won't affect your credit score.

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 - you can apply for up to two repayment holidays of 1 month in a rolling 12-month period, if approved. Interest will still be charged for the months that you don’t make any payments, so you'll pay more interest overall and your original term will be extended.

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.

Making sure you get a fair deal

We want you to find a product that's right for your circumstances, which is why we adhere to the Standards of Lending Practice, which are monitored and enforced by the Lending Standards Board

To find out more you can read the statement of responsibilities, which details what's expected of us, the lender and you the borrower.

Download the statement of responsibilities (PDF 60KB)

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.