Need help reading this page? Click to activate Recite Me popup.

Managing your loan

If you already have a loan with us, we have various ways to help you manage it. If your needs have changed, we’re here to help.

Make extra payments

Making extra payments to your loan can reduce the overall interest you’ll pay and may reduce your loan term.

If you make extra  payments, they won't take the place of your monthly payment. We'll still take your direct debit as planned on your usual payment date.

We have a calculator that can help show you how.

How to make extra payments

Early settlement

If you want to settle your loan early, we'll give you a quote. We may also apply an early settlement adjustment to your loan. This means that we may charge up to 58 days' interest on the loan. 

 

How to get an early settlement

Take a repayment holiday

A repayment holiday gives you a one month break from your loan repayments.

You’ll have the option to apply for up to two non-consecutive repayment holidays in a rolling 12-month period, subject to approval.

You won't need to make your usual repayment during your repayment holiday, but we'll still charge daily interest on your loan balance. This means that you'll pay more overall, and your loan’s original term will be extended.

More about repayment holiday

Make changes to your loan repayments

You cannot change the amount each month, but you can change your existing loan repayments by contacting us over the phone.
You can change the repayment date up to twice a year, to any day of the month except the 29th, 30th and 31st.

Or you can change the bank account from which a direct debit is collected from.

To restart a direct debit you’ve cancelled for your loan, use our online form to restart a cancelled direct debit.

You can set up push notifications to remind you when your payments are due, see how to manage notifications here. You can also sign up for text alerts here.

Support with the cost of living

With the rising cost of living, it's natural to worry about your money. To help you manage your money, we have some useful tips and tools. 

Help with money worries

Help me manage my money

Borrow more

Eligible to borrow more

You can apply online for extra 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 based on our assessment of your circumstances.

Check your eligibility

Use our loan calculator

See the effects of making extra payments or taking a repayment holiday by using our loan calculator.

Loan calculator

Get set up online

 

Mobile banking app

Join our 7 million app users.

  • Simple and secure login.
  • Stay up to date with notifications.
  • Chat to us online.



Online banking

Log in to view or manage your accounts on our website.

Log in now

Register

Over the phone

Call us using the app and your registered mobile number. You’ll already be securely signed in, so there's no need to remember any passwords. Plus, as you’ve already selected the type of question, we can get to talk to you much faster.

 

Instead, call us direct by going to our contact page.

Contact us

In Branch

As one of our customers, you’ll be welcome in any of our branches where we’ll be happy to help you with managing your loan.

If you do need to visit us in branch, please check our latest opening hours before you visit.

Find a branch