Overlay
Top up your loan

Need to borrow
a little extra?

Representative 3.4% APR

How to borrow more

When you apply for a new loan, we'll ask if you want to keep or close your old loan during the application process, you have two options.

Option 1 - Replace your existing loan with a new loan for a larger amount

What happens

In the application apply for a total amount you require to pay off your existing loan plus any additional funds you require.

Your existing loan will be repaid and closed down and the remaining balance released to you; the total borrowing will now be at the new interest rate as your previous loan will have been repaid.

What to remember

When repaying your existing loan early, you'll pay 58 days interest. If the remaining term of the existing loan is less than 58 days (or 28 days) you will pay interest on the remaining number of days to close the loan early. Please remember, if you decide to borrow over a longer term, this may mean that you'll pay more interest overall. 

To find out your outstanding loan balance, current rate, and your Early Repayment Charge, please call us or visit your local branch. 

If you cancel your new loan in the 14 day cancellation period we are under no obligation to reinstate your old loan. However we could offer a new loan for the amount of the old loan at the current rates available. 

Option 2 - Open a new loan and run two side-by-side

What happens

In the application you apply only for the additional funds you require.

Your old loan will continue to be repaid at its current interest rate. So if its already a low rate of interest you might want to leave it open.

What to remember

Closing a loan early incurs early resettlement interest, you'll avoid this if you leave the loans open. 

Loan repayment terms

This is the length of time you can take a loan over, depending on the amount you're borrowing and what it will be used for.

Loan calculator

Is the loan for home improvements?

How much would you like to borrow?

Home improvement loans of £7,500 or more are available over an extended term of up to 10 years.
Borrowing amounts of £7,500 or more are available over an extended term of up to 8 years.

How long would you like to repay?

Representative Example

Borrowing

£7,500

Over

1 year and & 0 months

Monthly Repayment

£137.55

Total Repayment

£8,253.00

Representative

3.9

% APR

(Annual Percentage Rate)
Interest rate

3.9

% p.a

(Fixed)

A handy explanation of APR

How to top up your loan

Start application

Use our Quick Quote tool to see how likely you are to be accepted for a new loan or go straight to 'Ready to apply'. Login to your online banking to pre-fill some details.

Fill in questions

Simply complete the application and choose your loan amount depending on which method you would like to borrow more.

What happens next?

If accepted, we'll either open a new loan for you, or repay and close your old loan. Your remaining balance and new funds will then be available for you.

Find out if you're likely to be approved

Don't worry, there's no impact on your credit rating.

If you meet our eligibility criteria, we'll show you how much you may be able to borrow, your personalised interest rate and monthly payments. 

If you're approaching retirement, please call us or visit a branch rather than using this tool.

Need a bit more help?

Visit our struggling financially page

We understand that these are uncertain times, and many of you may be worried. If you need a bit more help with your finances, you can visit our struggling financially page to explore the different ways we can support you.

Helpful information

What type of borrowing is right for me?

Depending on what you need money for, a credit card or overdraft might be a better option than a loan. Our Borrowing Options tool will help you figure out what type of lending will suit you best. 

Let's get ready to apply

Before you apply, we need to check you're happy with a few things.

First, you can apply online if you:

  • are 18+ and a UK resident with either a Royal Bank of Scotland current account (held for 3+ months), credit card or mortgage (held for 6+ months)
  • have not been declared bankrupt in the last 6 years
  • have not applied for a personal loan with us within the last 28 days

Now please read a few other important things:

Ready to apply?

Do you have Royal Bank of Scotland digital banking?
If you know your digital banking details we can pre-fill some of your info - making the application process faster and giving you more time to put your feet up.
Do you have a Royal Bank of Scotland current account?
Are you applying on your own?

Great, let's get started!

Just a heads up - you'll need your Digital Banking login details at the next step.

Great, log in to get started!

Just a heads up – you’ll need your digital banking log in details at the next step.

Fantastic, let's get started!

Let’s get you signed up for Digital Banking

You’ll need to sign up for digital banking with us in order to apply for a loan. The good news is that it normally takes only 5 minutes and all you’ll need is your sort code, account number and your Royal Bank of Scotland Debit Card, if you have one.

 

Once you’ve registered, select ‘next’ to log in and apply for a loan.

Do you have a Royal Bank of Scotland current account?
Are you applying on your own?

Fantastic, you're all set!

Just a heads up – you’ll need your digital banking log in details at the next step.

Fantastic, you're all set!

Just a heads up – you’ll need your digital banking log in details at the next step.

Fantastic, you're all set!

Just a heads up – you’ll need your digital banking log in details at the next step.

Anything else we can help you with?