Borrow more

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?

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.

A decision to offer you a loan is based on your individual circumstances. Loans available from 1 - 7 years.

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Representative Example

You could borrow £10,000 over 48 months with 48 monthly repayments of £223.32. Total amount repayable will be £10,719.36. Representative 3.5% APR, Annual interest rate (fixed) 3.45%.

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.

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.

Other borrowing options are available.

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:

  • you have a Halifax current account
  • your current loan account number starts with ‘100’
  • the loan is held in your name only
  • you hold only one existing Halifax loan.

Compare our loans and see how much you could borrow.

Personal Loan

  • 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 will 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 an additional loan, then you’re not eligible to apply online to replace your existing loan. This option is only available online if you have a Halifax current account, your existing loan account number starts with ‘100’, the loan is held in your name only and you have only one existing Halifax loan. However, we may still be able to help you over the phone or in branch.

    * - Please note we no longer offer the Clarity Loan product.