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 £130 and apply for £500 you would receive £370. The total amount you’d owe would be £500 which is the original loan plus the 'Top-up' of £370.

Regular Homemaker Top-up Periods
Your weekly payment	Your monthly / four-weekly payment	You can top-up when you owe less than
£20 to £29	£80 to £119	£130
£30 to £39	£120 to £159	£150
£40 to £49 £50 to £59	£160 to £199 £200 to£239	£200 £240
£60 to £69	£240 to £279	£280
£70 or more	£280 or more	£300

 

Early homemaker top-up periods

Throughout the year, we offer top-up loans, over the last few years we have offered them around Easter, Summer Holidays and Christmas.

Your Homemaker loan balance must have reduced by a minimum of £100 to apply during an early top-up promotion

The dates for 2025 are below

Summer 2025

Monday 21st July – Friday 8th Aug 2025

 

Christmas 2025

Monday 3rd November – Friday 12th December 2025.

You can apply twice during this period, but your homemaker balance needs to have reduced by at least £100 between applications.