Top up loan...does anyone know?

Caseyface

Does anyone know if Lloyds Tsb allow you to top up an existing loan?

Thanks

Cash_Flow

Caseyface wrote: »

Does anyone know if Lloyds Tsb allow you to top up an existing loan?

Thanks

Yes they do, you need to apply in a branch or over the phone.

Please don't apply online as the system can not process "top up loans";)

Caseyface

Thanks for that Cash

I'll give them a call to go and see someone at my local branch

naijapower

Yes. most high street banks do top up loans.

Typhoon2000

It will mean paying off your existing loan (sometimes with a small penalty) and taking out one for the new amount, normally at a rate not as favourable as one you may have got a few years ago.
They keep inviting me to borrow more and its in the small print.

naijapower

Well, in some cases, the new rate is more attractive and it could save you money