Am I eligible to Top-Up or Borrow More?

If you already have an active loan with Abound, you may be able to top up your borrowing through our Borrow More feature. Because a top-up combines your existing balance and new funds into a single, manageable loan agreement, there are a few criteria you need to meet before you can apply.

To be eligible for a Borrow More top-up, your account must meet the following conditions:

• 6 Scheduled Monthly Payments: You must have made at least 6 consecutive scheduled monthly repayments on time, with no missed payments or arrears.

• 6 Months Account History: Your current loan must have been active for at least 6 full calendar months (You must still be with us for 6 full months).

• Open Banking Connection: You must have at least one active, connected bank account with us that passes our standard completeness checks.

• Credit Profile: You must have no active arrears, defaults, or County Court Judgments (CCJs) with any lender, and no recent significant changes to your income or employment.

• Maximum top-ups allowed: You can top up a maximum of 3 times over the life of a single loan.

💡 Important Note on Extra & Advance Payments: Making lump-sum or extra manual payments reduces your total loan balance, but it will not shorten the time required to become eligible for a top-up.

We keep things simple by keeping all your borrowing in one place:

1. One Consolidated Loan: Your existing loan will be paid off and closed, replaced by a single new agreement combining your old balance and the new funds.

2. Fast Funding: Your additional top-up funds will be sent directly to your primary linked bank account.

3. One Monthly Payment: You’ll continue to have just one clear, fixed monthly repayment to track—no juggling multiple due dates or accounts.