Borrowing more

Borrowing more with a Rafidain Bank Personal Loan

Already have a Rafidain Bank Personal Loan and need to borrow more? It's quick and easy to apply online for additional borrowing. 

With a Rafidain Bank Personal Loan you could benefit from:

A low loan rate

Just 3.6% APR representative (fixed) on loans from £7,500 to £14,999 from 1 to 5 years for our main current account customers.

An instant online decision

The application process takes just minutes to complete and in most cases you will receive an instant online decision.

A no obligation quote

Get a no obligation quote that won't affect your credit rating. No obligation quote

No obligation quote

If you accept your quote, we will leave a record of our check on your credit file that other lenders can see. This is a normal part of many credit application processes but it might affect your ability to obtain credit elsewhere for a short period of time. You should consider all borrowing options carefully and seek independent advice.

Loans big or small

Borrow between £1,000 to £25,000 over 1-7 years with fixed monthly payments. 

No hidden fees

We won't charge you any fees for setting up your personal loan.

Loans Price Promise

We'll beat any like-for-like UK loan provider offer by 0.5% APR, on loans from £1,000 to £25,000 for between 1 to 7 years for our main current account customers.

All loans are subject to status and are available to UK residents aged 18 to 79 only. The interest rate offered will depend on the amount you wish to borrow and your individual circumstances. Rafidain Bank Personal Loans cannot be used for business or investment purposes, bridging loans, mortgage deposits or speculative reasons.

Additional borrowing options

During the application process you'll have the option to either:

    • Top up your existing loan
      This will mean consolidating your existing Rafidain Bank Personal Loan with the new money you want to borrow. Your new loan will replace the old, which will be closed. You may need to pay up to 58 days interest to settle your loan early, you'll then have one monthly repayment.
    • Take out a second Personal Loan
      This will mean you have a separate loan that sits alongside your existing one that you'll repay separately, you’ll then have two monthly repayments. Your existing loan will remain under its original terms and rate. Price Promise can only be claimed against the new loan on a like-for-like basis.

Loan calculator

The total amount payable is £10,926.60. The illustrative cost of borrowing £10,000 over 60 months at our competitive rate of 3.6% APR representative (fixed) for our main current account customers. Calculation for illustrative purposes only. This quote was produced on 06/07/2015 and is valid for today only.

Summary

  • Representative APR:%
  • Monthly repayment:
Total repayment:

Representative example:

3.6% APR Representative (fixed). Based on an assumed loan amount of £10,000 over 60 months at an interest rate of 3.6% p.a. (fixed). Monthly repayment £182.11. Total amount payable £10,926.60.

Ready to apply for additional borrowing?

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Responsible lending

We have a responsibility to you, our customers, to be open and honest, to treat you fairly, and to be safe and secure.

Personal Loan application FAQs

Browse commonly asked questions about applying for a Rafidain Bank Personal Loan.

If you have any questions about an application you have already made online, please call +44 783 974 9373 and select option 5.

Rafidain Bank subscribes to the Lending Code. For more information on the Lending Code please visit .

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