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Consolidate your debts

Make life simpler
by organising your finances

Representative 3.4% APR

How a personal loan can help with debt

A debt consolidation loan could be used to pay off your existing credit cards, store cards and other personal loans. 

You could consolidate all your debt into the one loan and only have one payment to make each month. 

Taking on any new debt is a big decision; extending the term of your debt can incur more interest and cost more in the long run and sometimes an early repayment charge may apply. 

Tips to keep your debt in check

Make a list

List out all your current debt. Check all outstanding balances, interest rates and any penalties for paying off the debt early.

Use our guide

Think through all your options. Could you use savings to reduce your debt? Check out our guide.

Change your payment plan

Struggling with excessive monthly payments? You may be able to arrange a new payment plan or a 'repayment holiday'.

Calculate your repayments

Use our debt calculator to see how much you'll need to pay back each month or how soon you could pay off your debt.

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)

Next steps

Check if you'll be approved

Use our Quick Quote tool to see how likely you are to be accepted for a loan or go straight to 'Ready to apply'.

Start your application

In most cases, you'll know in a matter of minutes if you've been accepted.

Get a decision

If you use Digital Banking, apply and have your loan unconditionally accepted before 5.55pm Mon - Thurs, the funds will be paid into your account the next working day.

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.

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?