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 you ready to apply

We just need to run a few things past you before you start your application.

To apply online, you must:

be at least 18 years old and a UK resident

hold either a Royal Bank of Scotland current account (for at least 3 months), credit card or mortgage (for at least 6 months)

have not been declared bankrupt in the last 6 years

have not completed a personal loan application with us within the last 28 days

Take a look at each link below before you apply:

Important information

We want you to be sure this loan is right for you. So before you get going, please take a look at our lending commitments. They explain what you can expect from us and what we ask of you.

Let's get started. Do you have a Royal Bank current account?

Are you applying on your own?

Please confirm you don't have an existing loan with us?

Do you have and remember your Digital Banking details?

Fantastic, let's get started

Let's get started

Do you have and remember your Digital Banking details?

Great, log in to your account to get started.

Just a heads up -  we'll ask for your Digital Banking log-in details at the next step.

Let's get started

Do you have and remember your Digital Banking details?

Great, log in to your account to get started.

Just a heads up -  we'll ask for your Digital Banking log-in details at the next step.

Let's get started

Are you a Royal Bank credit card or mortgage customer?

Do you have and remember your Digital Banking details?

Fantastic, let's get started

Let's get started

Sorry, our personal loans are for customers who already have one of our current accounts, credit cards or mortgages.

Want to look at our current account range?

Anything else we can help you with?