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Debt consolidation loans

Bring everything together
with a debt consolidation loan

Representative 3.9% APR

How a debt consolidation loan could help

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. 

Debt consolidation 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

Home improvement loans are available over an extended term, up to 10 years.

How much would you like to borrow?

How long would you like to repay?

20 Months

Representative Example

Borrowing

£7,500

Over

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)

The rate you pay depends on your circumstances and loan amount and may differ from the Representative APR. We will never offer you a rate exceeding 29.9% p.a. (fixed), regardless of loan size. This means you're not guaranteed to get the rate you see in the calculator. 

Understanding APR

If you're feeling a bit confused about APR, take a couple of minutes to read our quick guide.

Find a little flexibility with our repayment holiday

When you apply for a loan, based on your circumstances, we might give you the opportunity to defer your first repayment. 

  • It's only available at the start of your loan term
  • You can defer your first loan repayment for a three month period
  • If this option is available to you, we'll show the details of your repayment holiday during the quote stage of your application

Learn more about our debt consolidation loans

Benefits

See your quote and keep your credit score safe

Great news, you can get a personalised loan quote at the start of your application with no impact on your credit score. As long as you're a Royal Bank of Scotland current account customer applying for a loan in your name only.

Get money in your account the same day

You could get your money the same day if you apply online and are unconditionally accepted before 5.45 Mon - Fri. Sometimes we need a bit more information so it can take a little longer.

Pay off your personal loan early

If things change and you have a little extra money in your account, you can choose to repay your loan early. Remember, early repayment charges will apply.

Mobile App Features

Manage your loan in our mobile app

Check your credit score for free

Tips to manage debt

Write it all down

Make a list of all your current debt. Check all outstanding balances, interest rates and any penalties for paying off the debt early. This will help you see exactly what you owe.

Compare your options

Make sure a personal loan is right for you. A credit card or loan could be a better option so take a look at our helpful borrowing options tool before you apply.

Take a look at our helpful content

If you're feeling a wee bit worried about your finances, take a look at our struggling financially page to see if we can offer you some help and support.

Need some more help?

Find out your personalised loan quote

We’ll confirm your loan amount and rate at the start of your application with no impact on your credit rating. You don't need to complete the application if you’re not happy with the offer. Available if you’re a Royal Bank of Scotland current account customer looking to apply in your name only.

Feel confident a personal loan is right for you

There are lots of different ways to borrow money and we're here to help you choose the most suitable option for you. Compare your different borrowing options to find out which type best suits your needs. 

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 a Royal Bank of Scotland current account (held for 3+ 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 information - making the application process faster.
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.

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.

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.

Anything else we can help you with?