Top Up Existing Loan | Borrow More - Take Out A New Loan | Ulster Bank

Man using his mobile phone

Borrowing more

Top up your existing loan or take out a new one

Use our loan calculator

Borrow between £7,500 and £19,950 at our rate of 

Representative 3.9% APR

Other amounts available at alternative rates. Our rates depend on your circumstances and loan amount and may differ from the Representative APR. Available to existing Ulster Bank current account customers over  the age of 18 who reside in the UK.

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.

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


- There's no difference in how much you can borrow - total borrowing cannot exceed our maximum lending amount, whether as one loan or several.

Option 2
Replace your existing loan with a new loan for a larger amount

Apply for a 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;

- please remember, if you decide to borrow over longer term, this may mean that you'll pay more interest overall.


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.

Flexible borrowing options

Borrow between £1k and £50k
£1,000-£14,950 repay over 2 to 5 years, £15,000-£50,000 over 2 to 8 years.
Maximum borrowing amount of £35,000 for joint applications.

Home improvement loans
Home improvement loans over £2,500 can be repaid over a maximum of 10 years

Minimum loan term
The minimum loan term is 2 years, irrespective of loan amount

Common questions

How much could I apply to borrow?

If you're applying for a sole loan only you could borrow between £1,000 and £50,000. You'll get full details on this higher limit during your application when getting a quote. 

If you're applying for a joint loan you could borrow between £1,000 and £35,000.


Over what term can I take my loan?

  • Loans between £1,000 and £7,499 can be repaid over a term of 2 to 5 years
  • Loans between £7,500 and £50,000 can be repaid over a term of 2 to 8 years
  • Home improvement loans over £7,500 can be repaid over a term of 2 to 10 years
  • The minimum borrowing term is 2 years

If I apply online, how soon will I receive my loan funds?

Already bank with us online?
We may be able to give you an instant decision on your loan application. In this case (and subject to our final checks) your funds will be available the next working day.


Not registered for our Anytime Internet Banking service?
We will send you an application pack within 3-7 days of completing the online application. Once you have completed and returned this pack to us, your loan funds will normally be available within 48 hours, provided your meet all of our credit requirements.

What happens if I've been impacted by coronavirus?

If you're concerned about being unable to make your repayments on your Ulster Bank loan, we have lots of guidance and support to help you.

Visit the coronavirus support hub
Need a bit more help?

Visit our struggling financially page

If you need a bit more help with your finances, you can visit our struggling financially page to explore the different ways we can support you.

Struggling financially page

Ready to apply?
Apply online
Set Tab for lightbox