Why is the interest rate on my borrow more loan different to the interest rate on my previous loan? 📉

The interest rate and the APR on your new loan may be different to the interest rate and APR on your existing loan. We've applied a blended interest rate between the interest rate on your previous loan and the current level of our representative APR.  The new interest rate applies to the whole of your new loan balance including the amount used to repay the balance of your existing loan as well as the Top Up Amount.