Additional Funds for Existing Norwich Trust Customers
How does requesting additional funds work with Norwich Trust?
If you've made 12 consecutive on-time repayments on your current Norwich Trust loan, you may be eligible to apply for additional borrowing.
You can borrow from £3,000, with the maximum amount based on your existing loan balance, affordability assessment and individual circumstances.
If approved, your existing loan and additional borrowing will be combined into one new loan with a single monthly repayment.
Norwich Trust offers additional funds for multiple purposes
Loan Calculator
New to Norwich Trust?
You can apply for a new unsecured homeowner loan directly through our homepage. Simply complete our quick online eligibility check to explore your borrowing options and receive a personalised decision based on your individual circumstances.
Representative Example: £15,000 over 72 months, 30.9% APR fixed. Monthly payment £424.83. Annual interest rate 26.64% fixed. Interest payable £15,388.76. Total repayable £30,587.76, which includes a £199 lender fee.'
Minimum repayment period: 36 months. Maximum repayment period: 120 months. Maximum APR 37.9%.
Existing Customer?
Complete the online application and provide digital bank statements via Experian’s Affordability Passport.
Review
Our underwriters will review your application for additional funds, usually within a working day.
Complete
If your request for additional funds is approved, funds will be released within a working day and your existing loan will be cleared.
Any questions?
Existing Norwich Trust customers who are considering Additional Funds can find answers to some of the most common questions below. Learn more about eligibility criteria, minimum borrowing amounts, affordability checks, loan repayments and how Additional Funds are combined with your existing unsecured loan or homeowner loan.
Existing Norwich Trust customers may be eligible to apply for additional funds after making 12 consecutive on-time repayments towards their current loan. All applications are subject to affordability checks, lending criteria and individual circumstances.
The minimum additional borrowing amount is £3,000. The maximum amount available will depend on factors such as your existing loan balance, affordability assessment and overall financial circumstances.
If your application is approved, your existing loan balance and any additional borrowing will be combined into one new loan agreement. This means you'll have a single monthly repayment that's straightforward and easy to manage.
Eligible existing customers can apply for additional funds by clicking 'Check my eligibility' on our loan calculator. The application process is quick and straightforward, allowing us to assess your eligibility and affordability before making a lending decision.
Yes. New customers can apply for a Norwich Trust unsecured loan or homeowner loan directly through our homepage. Simply complete our online eligibility check to explore the borrowing options available to you, subject to affordability checks and lending criteria.