This is very high up our list of things to add 
4 Likes
that’s perfect! thank you, looks like I’m switching to Monzo!
4 Likes
As @Rat_au_van has kindly illustrated above, it’s just a couple of taps. The other thing to mention is that when you overpay you’ll see how much it reduces your monthly repayment amount 
8 Likes
Note if you pay off an extra as and when it also lowers your monthly payments for the remaining term, so you then have to compensate for this every month if you’re still wanting to stick to paying back the original monthly figure.
1 Like
@AdamLittle Is loan top-ups something your working on or is it just an Idea
It’s definitely more than an idea 
2 Likes
Thats all i needed to hear. I wonder if its going to come before dark mode 
8 Likes
So does the full % interest over the term get added at the time of taking the loan or is it accrued daily on the running total?
Id prefer the later as thats how my credit union loans work and it really incentivises you to pay back earlier where you can.
Are you applying the APR as a fixed fee then? If you overpay, you’d surely be paying less in fees if there’s no early repayment penalty.
Cool cheers emma
Great news, though apparently I still don’t even make it past the first of the four hurdles. Obviously got me bang to rights for spending pretty much everything I earn each month (the pain is real!). Thankfully I don’t need a loan right now, but good to see it helping others
good to see thus in the works
I can get 3.9% on a 5k loan, but my credit score is freakily high
I get a pretty bad 10.7% on £5k and my credit scores are also stupid high.
Still, it’s a lot better than the absurd “we don’t know enough about your income - no loan for you” message I always got before.
From the historical £zero offer to an offer today of £15K over 60 months @ 4.7% APR - and couldn’t reduce the term, so it seems like the monthly payment is calculated to be low with a longer term.
I think we’re all getting highly individual results. I can reduce the term of a 15k loan to the shortest repayment schedule possible,with a repayment amount of nearly £700 pcm. My interest rate is pretty high too at 7.5%.