How does requesting additional funds work with Norwich Trust?
Existing Norwich Trust customers may be eligible to apply for additional funds after making 12 consecutive on-time repayments towards their current loan. The minimum additional borrowing available is £3,000, with the maximum amount dependent on your existing loan balance, affordability assessment and individual circumstances.
As a responsible UK lender, Norwich Trust provides flexible borrowing solutions through unsecured homeowner loans. If your application is approved, your existing loan balance and new borrowing will be combined into a single loan agreement with one straightforward monthly repayment.
To qualify for additional funds, you will need to borrow enough to repay your current Norwich Trust loan and take a minimum additional amount of £3,000. The total amount available will be subject to our lending criteria and affordability checks.
If you're an existing customer looking for additional borrowing, Norwich Trust offers a simple application process and a decision tailored to your individual circumstances.
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 26.35% fixed. Interest payable £15,288.76. Total repayable £30,587.76, which includes a £299 lender fee.
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.