Need extra funds? We can help with that
Borrow £1,000–£25,000 and repay it over 1–5 years
Quick online application and speedy decision
If approved, you’ll typically get the money the same day
It’s fast and won’t affect your credit score
Representative 13.2% APR
A top-up loan is a way to access extra cash by borrowing more money. With Post Office loans powered by Lendable, you don’t borrow more on your existing loan. Instead, you apply for a second loan.
This second loan will have its own interest rate and separate repayments. Keeping both loans open is often a strategic choice for borrowers who want to preserve a low interest rate on their first loan while still accessing new cash. It also means you only pay a loan fee on the extra you’re borrowing, rather than your entire new balance.
You also have the option to close your existing loan and open a new one that covers both your old balance and the extra cash you need. This is sometimes called ‘contra-settling.’ It leaves you with just one monthly repayment and one interest rate. The new APR you get will apply to the overall amount, which can be good if you get a lower rate but that’s not guaranteed.
Top-up loans are for people who need a little extra cash but already have an existing personal loan.
You might need more funds to help with a house project that’s gone over budget or grown in scope. Perhaps you have an unexpected bill or urgent home repairs.
It could be for a new car, returning to study or a big family event like a wedding or milestone birthday. You might also want to use it to consolidate other debts, such as credit cards.
If you need access to more borrowing, a top-up loan could help.
We’re a trusted UK brand, working with Lendable to offer fair, transparent loans.
Flexible amounts and terms: Borrow £1,000–£25,000 and pay it back over 1–5 years.
Easy to apply: Our application process is quick and straightforward.
Get the money instantly: If approved, you should get the funds the same day.
Manage your loan online: Check your account and payments seamlessly.
Repay loan earlier: Flexibility to pay off loan in full sooner. This could save you money on interest compared with paying it off over the full term.
Applying for a Post Office top-up loan and putting it to work is easy.
Find out if you’re likely to be approved with a simple check without affecting your credit score
Choose your loan amount and term. Then complete an online form for a quick decision
If approved, your account should receive the funds fast, usually the same day
Before taking out a loan, it’s important to check if it’s right for you. Here are a few key things to keep in mind.
Compare your options: Weigh up the pros and cons of taking out a top-up loan compared with other options like credit cards, overdrafts, finance options and saving up the money you need. Remember loans generally suit large single purchases
Factor in affordability: Make sure you can make the repayments on your top-up loan and any other loan you still may have open. Missing repayments can harm your credit score
Check the full cost of borrowing: A top-up loan means extra interest overall so it’s important to have a full picture before you decide
Check for early repayment fees: If you're consolidating other debts, find out if there are any early repayment fees. Some lenders may charge you extra for repaying your loan off earlier
You might pay more overall: If you take out a longer-term loan, you might end up paying more money in interest, even with smaller monthly payments
Consider your credit score: Lenders check your credit report and previous borrowing history to decide if they’ll lend to you. You might want to avoid applying if you’re planning a major application like a mortgage
With Post Office Personal Loans provided by Lendable, you take out a new loan. You can choose to do one of the following options:
Yes, you can choose to combine your loans. To do this, your top-up loan would need to be large enough to cover both your remaining balance and the extra money you need. You then use your new loan to pay off and close your existing account. But, while you’d have the relative ease of a single payment to manage, consider the following before deciding if this is the right option for you:
Checking your eligibility for a loan just involves a soft check that won’t impact your credit score. But we’ll run a hard credit search if you go on to complete the full application and accept the loan agreement. A hard credit search may impact your score and ability to obtain credit in the future. Missing repayments can harm your credit score so make sure you make them on time.
If your application is approved, you’ll usually get the funds the same day of applying for the loan. It could be within a few minutes.
Yes, you can repay your loan early in your online account. When you settle, you’ll pay the outstanding balance plus any interest due up to the day you repay. This could save you money on interest compared with paying it off over the full term.
If you miss a payment or are struggling, contact us as soon as possible. We’ll work with you to find a solution.
Secured loans are linked to something valuable you own, like your house or car. Unsecured loans aren’t connected to your property or any asset you own. All Post Office Personal Loans are unsecured loans.
Read more about the difference between secured and unsecured loans
Personal loans aren’t the only option to fund whatever goal or project you have. Depending on your needs, you could consider:
Each option has advantages and disadvantages. If you’re unsure which is right for you, get some financial advice before you decide. Remember to compare the total cost before you commit.