If you are experiencing financial difficulty and need more support, you can speak to our team about your situation. We’ll discuss your options to repay your arranged overdraft.
These might include:
Gradually reducing your arranged overdraft limit each month by an affordable, agreed amount. You won’t pay interest on your arranged overdraft during this period, which may be up to two years.
A repayment loan, where your overdraft balance is restructured into a loan which you pay back in monthly instalments. Your loan could last from 2 to 7 years. When you call us, we’ll tell you the interest rate that applies, which may be up to 18.9% a year (fixed).