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. 

Ready to apply

Great. Let's get started. Are you a...

To apply for a loan, you must:

Be at least 18 years old

Be a UK resident

Not have been declared bankrupt in the last 6 years

Be a Royal Bank of Scotland current account customer for at least 3 months

Not have applied for a personal loan with us within the last 28 days

Intend to use your loan for acceptable purposes

You can't take out a loan for...

  • Buying or putting down a deposit on a property, static caravan or land
  • Household bills, rent or mortgage payments
  • Car tax
  • Business purposes
  • Payments in arrears
  • Tax avoidance arrangements 
  • Court or solicitors' fees
  • Gambling
  • Buying shares or other investment funds

How your information might be used

It's important for you to understand how we use and share your information. Please read this short summary before you continue with your application. 

Important information

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

Are you ready to carry on?

Do you use Digital Banking?

So we can save you time by pre-filling parts of your application, please log in to your account.

Let's get started

To apply for a loan, you must:

Be at least 18 years old

Be a UK resident

Be a Royal Bank of Scotland credit card or mortgage customer for at least 6 months

Not have been declared bankrupt in the last 6 years

Not have applied for a personal loan with us within the last 28 days

Intend to use your loan for acceptable purposes

You can't take out a loan for...

  • Buying or putting down a deposit on a property, static caravan or land
  • Household bills, rent or mortgage payments
  • Car tax
  • Business purposes
  • Payments in arrears
  • Tax avoidance arrangements 
  • Court or solicitors' fees
  • Gambling
  • Buying shares or other investment funds

How your information might be used

It's important for you to understand how we use and share your information. Please read this short summary before you continue with your application

Important information

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

Are you ready to carry on?

Do you use Digital Banking?

So we can save you time by pre-filling in parts of your application, please log in to your account.

Let's get started

Anything else we can help you with?