HSBC Top-up loan = credit check?

jaxkesa

I'm sure this must have been asked on here before but I couldn't find an answer. I have had a graduate loan over the last few years with HSBC which is coming to an end (9 more payments). If I apply for another loan (to pay off the original and top it up), will it leave a mark on my credit file, and am I more likely to get accepted than with someone else such as Sainsburys?

[Deleted User]

whats the apr on the original loan?its more than likely that you wont get a better rate atm
if you want an additional loan that will depend on many factors

jaxkesa

woodbine wrote: »

whats the apr on the original loan?its more than likely that you wont get a better rate atm
if you want an additional loan that will depend on many factors

It's 7.9% as it was a graduate loan. I wouldn't expect to get the same low rate but the repayments would only be £30 more a month and I'm earning more than I was before

It's just I am worried about the effect on my credit file.

yorkshire-lad

If you want to top up your loan, HSBC will more than likely treat this as a new loan.

They will pay off your current loan with your new one,mark your credit file as settled and open a new file on your credit report.

HEH