Borrowing more. How does it work

Hi. I currently have a loan amount of £4000. I would like to borrow £11,000 more, but I can’t understand how it would work. Would the extra £11,000 cancel out my initial £4000 leaving me with a net amount i receive of £7000? Or would I just get £11,000 in my account that I choose to do something with?

This is covered in help, I’ve attached the screenshot


Hey Punit, the amount you see when you choose to borrow more is the amount you’ll get in your account. You’ll see exactly how it affects your total loan amount before you confirm the loan.

There are some screenshots in the thread from when we announced this that might help. But you can also check it out in your app, and it won’t impact your credit score until you take out the loan.