Bring your vision to life with our home improvement loan
Representative 3.4% APR
About our personal loans
You can apply online or via our app and get a decision in minutes*
You'll be given a personalised rate depending on your circumstances and how much you want to borrow
You can repay your loan early. Repayment charges apply**
You could have the funds the next working day if you use Digital Banking, apply and are unconditionally accepted before 5.55pm Monday - Thursday
To apply, you must be 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). Credit card and mortgage customers must apply online or by phone.
*Mobile app available to Digital Banking customers with a UK or international mobile number in specific countries.
**If you repay your existing loan early, you'll pay 58 days interest (or the remaining number of days interest if there are less than 58 days left in the loan term) to close the old loan early.
Loan repayment terms
A handy explanation of APR
APR stands for annual percentage rate of charge. When you see a representative APR, it means that over half of people who've taken out a loan of a particular size from that lender have been given this rate.
All lenders advertise their loan rates in this way to help people compare across lenders.
A few things to note about representative APRs:
They include standard fees or costs associated with taking out a loan e.g. an arrangement fee.
They change depending on the loan amount.
Just because a lender has a low or high representative APR, it doesn't mean they'll offer you the best rate.
The rate you're offered won't necessarily be the same as the representative APR.
Most lenders, including us, will offer you a personalised rate. This is called a personal APR.
APR stands for annual percentage rate of charge. A personal APR is a rate that has been worked out especially for you based on things like how much you want to borrow, your financial situation and your credit history. Your personal APR may be different to the representative APR we advertise, and different lenders may offer you different APRs.
If you already bank with us, you can find out your personal APR by using our Quick Quote tool. It'll tell you how likely you are to be approved, give you a personalised rate and show you what your monthly repayments could be. And all without affecting your credit rating.
Start your application
Get a decision
Money in your account
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.
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 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
Are you ready to carry on?
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 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