Top Up loans by Finio
If you're looking to borrow more money, and you have an existing loan with Finio Loans, then topping up your existing Loan could be an option for you.
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Representative 39.9% APR
Representative 39.9% APR
Representative example
Borrowing £2,000 over 24 months at Representative 39.9% APR and Interest rate 39.9% p.a. (fixed) with monthly repayments of £116.07 and a total amount payable of £2,785.68 This example is for illustration purposes only. The rate and / or term you are offered is dependent on your individual circumstances Rates from 39.9% APR to maximum 69.9% APR. Loan terms from 12 to 36 months.
What’s a Finio Top Up Loan?
A Top Up loan is a way to borrow more money if you are an existing customer with us. If you decide that you want to top up your loan, and your application is successful, we’ll add the balance of your existing loan to the additional amount that you’d like to borrow, and it will all form part of a new loan agreement.
This means you’ll continue to only have one loan and one repayment to make each month.
Some important things to think about
If you’re considering topping up, you loan you need to make sure that you can comfortably afford the new repayments.
It's important to know that if you top up you loan it can be more expensive in the long run for you. You should make sure that taking out a different loan is not cheaper for you to do so.
We can't guarantee that you will receive the same interest rate as you currently have with your existing loan. Where we can we’ll aim to offer a lower APR than you currently have but this is not always possible – in some instances you may be offered a higher APR than your existing loan and this will mean you will also pay more back on the original amount you borrowed.
Topping up your loan will increase both the debt and the amount of time that you have a loan with us.
Who can apply for a Top Up loan?
We'll email you if you become eligible to top up your loan with us. You can also check if you’re eligible to top up you loan by logging into your online account.
Not everyone will become eligible to top up their loan but managing your account well and making at least the last six payments on time will increase your chances of becoming eligible.
If you’d like us to contact you if you do become eligible for a Top Up loan then you’ll need to make sure that you are opted into marketing with us. You can change your marketing preferences at any time in your online account.
Will applying for a Top Up Loan affect my credit file?
When you apply for a Top Up loan, we’ll do a soft search to check your eligibility. We need to do this to make sure that nothing has changed since we contacted you to tell you you were eligible. A soft search will not be visible to other lenders on your credit file. If your application is successful and you choose to take the Top Up loan this will appear on your credit file as a new loan, and your existing loan will show as settled.
Ready for your personalised quote?
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