Overlay
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. 

Let's get you ready to apply

We just need to run a few things past you before you start your application.

To apply online, you must:

be at least 18 years old and a UK resident

hold either a Royal Bank of Scotland current account (for at least 3 months), credit card or mortgage (for at least 6 months)

have not been declared bankrupt in the last 6 years

have not completed a personal loan application with us within the last 28 days

Take a look at each link below before you apply:

Important information

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

Let's get started. Do you have a Royal Bank current account?

Are you applying on your own?

Please confirm you don't have an existing loan with us?

Do you have and remember your Digital Banking details?

Fantastic, let's get started

Let's get started

Do you have and remember your Digital Banking details?

Great, log in to your account to get started.

Just a heads up -  we'll ask for your Digital Banking log-in details at the next step.

Let's get started

Do you have and remember your Digital Banking details?

Great, log in to your account to get started.

Just a heads up -  we'll ask for your Digital Banking log-in details at the next step.

Let's get started

Are you a Royal Bank credit card or mortgage customer?

Do you have and remember your Digital Banking details?

Fantastic, let's get started

Let's get started

Sorry, our personal loans are for customers who already have one of our current accounts, credit cards or mortgages.

Want to look at our current account range?

Anything else we can help you with?