Be scam aware. We’ll never ask you for your Internet banking password, nor will we ever ask you to move money to another Easy Street account or other financial institution. If you’re ever unsure, call us back on the number published on our website. If you’re asked to open an account at another financial institution, do not proceed.

How to increase your loan

Increasing your loan can be a convenient way to fund a wide range of needs. Find out how to go about increasing your loan with us.

Need to increase your Easy Street loan?

A lot could have changed since you last applied for your loan with us. You may have changed jobs, had children, paid off debts or taken more on. As your financial position could have changed, you will need to submit a new loan application so that we can reassess your financial position and ability to repay a higher loan amount.

How much extra could I borrow?

This is determined by your borrowing power or how much we are willing to lend you based on our credit assessment criteria. It may also be determined by the type of product you have as a minimum or maximum loan amount could also affect what you could borrow.

Can I choose a new loan term?

Yes, provided it's within the maximum term allowed for that loan type. If you had 3 years remaining on your personal loan for example, you can increase the loan term to say 5 years for the new total loan amount.

How to apply

You can apply online or over the phone. We'll help you choose the right product for you.

If applying online, you should enter the amount you are applying for as the new total amount. For example, if you currently have a personal loan of $5,000 and wish to increase it by $2,000, you should apply for a personal loan of $7,000. Later in the application you'll be able to indicate that the existing loan of $5,000 is being paid out by this one.

Calculate your repayments

Our loan calculators will help you work out a range of calculations such as how much you may be able to borrow, what your repayments will be, and how additional repayments can affect your loan term and interest paid.

Credit eligibility criteria, terms and conditions, fees and charges apply.

Last updated: 28 July 2020

The information contained in this article is only correct at the point of time of publication. It is general information and has been prepared without taking into account your personal circumstances, objectives or needs. Please consider if this information is right for you before making a decision to acquire any product.