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.

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