Joint loans

Work together to get
where you need to be
with a joint loan

Representative 3.4% APR

Features of a joint loan

A joint loan allows you to borrow money with someone close, such as a loved one, relative or friend. If you are approved, you could use the funds for a big event, project or even a shared passion and pay off the loan as a team.

You could use a joint loan to: 

Taking out a loan with a partner could help in paying off your shared debts. You can pay off your credit cards and other personal loans by making one payment each month.*

Find out more about our debt consolidation loans here.

Something to bear in mind about joint loans

If your partner defaults on a payment or the entire loan, you will still be responsible for the full amount.

If you're approved for a joint loan, your credit files will be linked and parties may take both scores into account before approving future requests for credit.

Steps to apply for a joint loan

Start your application

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

Get a decision

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

Money in your account

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 to day.

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.

Joint 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)

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, 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?