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Personal Loan

A personal loan to help you borrow
£1,000 - £50,000

Representative 3.9% APR

About our Royal Bank of Scotland personal loans

If you're thinking about changing your car, sprucing up your home or planning your dream wedding, a Royal Bank of Scotland loan could help get you there.

See your personalised quote

We’ll confirm your loan amount and rate at the start of your application with no harm to your credit rating. All this if you’re a Royal Bank of Scotland current account customer and applying in your name only.

Apply for a loan online in minutes

It only takes around 10 minutes to apply online and we'll pre-fill some of your application to make it easier. We'll ask you to log in to Digital Banking so have your details handy.

Money in your account quickly

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

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.

Can I repay my loan early?

We know things can change, so if you find you have a wee bit more money in your account, you can choose to repay your loan early. It's important to remember that you will pay an early repayment fee of up to 58 days interest to close the loan early (or the remaining number of days interest if there are less than 58 days left in the loan term). 

Loan calculator

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.

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

See your quote, before you commit

We’ll confirm your loan amount and rate at the start of your application with no harm to your credit rating. There is no obligation to take out a loan 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.

Make sure 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?