Topping up your loan
When you borrow from Knowsley Mutual Credit Union you can only have one loan at a time. However, loans can be topped-up. This is when you apply to borrow more and include refinancing your existing loan.
For example, if you owe £150 and apply for £500 you would receive £350. The total amount you’d owe would be £500 which is the original loan plus the 'Top-up' of £350.
Please do not apply before you’ve made the repayments detailed in the table below:
| Topping up your loan | ||
| Your weekly payment | Your monthly / four-weekly payment | You can top-up when you owe less than |
| £20 | £80 | £130 |
| £30 to £39 | £120 to £159 | £150 |
| £40 to £59 | £160 to £239 | £180 |
| £60. to £69. | £240 to £279 | £250 |
| £70 or more | £280 or more | £300 |
To check your loan balance, login to your account.
You can also register for online access.
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