Borrowing More - increase loan amount - Ulster Bank

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Personal Loans

Borrowing more

Apply online Get a Quote

Our lowest ever Representative 3.9% APR  for loans of £7,500 to £25,000.

Other amounts available at alternative rates. Our rates depend on your circumstances and loan amount and may differ from the Representative APR. Over 18s and existing Ulster Bank current account customers only.

Borrowing options Thinking of borrowing more?

When you apply for a new loan, we'll ask if you want to keep or close your old loan during the application process.



Icon expand Option 1: Open a new loan and run two side-by-side

  • Your old loan will continue to be repaid at its current interest rate. So if its already a low rate of interest you might want to leave it open

  • Closing a loan early incurs a fee, you'll avoid this if you leave the loan open.


Icon expand Option 2: Replace your loan with a new loan for a larger amount

Apply for the total amount you require to pay off your existing loan plus any additional funds you require:

  • your existing loan will be repaid and closed down and the remaining balance released to you;

  • the total borrowing will now be at the new interest rate as your previous loan will have been repaid;

  • please note - when your existing loan is repaid you'll pay 58 days interest (28 days if loan term 12 months or less, or the remaining number of days interest if there are less than 58 days (or 28 days) left in the loan term) to close the old loan early.

To find out your outstanding loan balance, current rate, and your Early Repayment Charge, please call us or visit your local branch.

If you cancel your new loan in the 14 day cancellation period we are under no obligation to reinstate your old loan. However we could offer a new loan for the amount of the old loan at the current rates available.


Things to consider
- There's no difference in how much you can borrow - total borrowing cannot exceed £25,000, whether as one loan or several
- If you decide to borrow over a longer term this may mean that you'll pay more interest overall.

Personal Loans Features and benefits


Borrow between £1,000 and £25,000

Flexible repayment terms of 1 - 10 years

Depending on loan purpose
Personal Loans Borrowing terms
  • Loans between £1,000 and £14,950 can be repaid over a term of 1 to 5 years

  • Loans between £15,000 and £25,000 can be repaid over a term of 1 to 7 years

  • Home improvement loans over £2,500 can be repaid over a term of 1 to 10 years

  • Holiday loans can only be taken over 1 year

  • The minimum borrowing term is 1 year

Borrow for a range of purposes

Planning a holiday, purchasing a new car or making some home improvements? We can help


Affordable monthly payments

Your rate is fixed for the term of the loan meaning no unexpected changes to your repayment amount


No obligation Personalised Quick Quote

See if you're likely to be approved and how much you could borrow

Personalised Quick Quote

Apply online for a decision today

Existing online banking customer? We'll pre-fill your application to save you time

Funds in your account the next working day

If you bank online and we hold your up to date personal information

Eligibility criteria applies
Personal Loans Funds next working day

To receive your loan funds the next working day:

You must use online banking

You must apply online before 5.55pm Monday to Thursday and have your loan accepted

We must already hold your up to date personal information


Sometimes we'll need to contact you for more information so it can take a little longer.

Try our loan calculator to work out the best loan for you


The rates you pay depends on your circumstances and loan amount and may differ from the Representative APR.

Looking for a loan between £25,000 and £35,000?

You can apply to borrow between £1,000 and £25,000 online, however, if you're looking for a larger loan please give us a call or visit us in branch.

Personalised Quick Quote Find out if you're likely to be accepted for a loan

Just give us a few details and we will see if we can help.

Find out if you're likely to be approved

Find out how much you may be able to borrow

View your personalised interest rate and monthly payments

No impact on your credit rating

Personalised Quick Quote
Borrowing more Ready to apply?
Apply online
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